Tech Tycoon Lynch Accused by US of Masterminding ‘Massive Fraud’

Canada News News

Tech Tycoon Lynch Accused by US of Masterminding ‘Massive Fraud’
Canada Latest News,Canada Headlines
  • 📰 BNNBloomberg
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 50%

UK tech tycoon Mike Lynch masterminded a “massive fraud” to artificially inflate revenue at his software startup and dupe Hewlett Packard Co. into buying it for $11 billion, a US prosecutor told a jury.

China Fines Evergrande’s Hui and Bans Him From MarketFed Hikes Slash Household Net Interest Income in Break From PastBarings Pauses Investment Across Private Credit Amid TransitionHedge Funds Sue SEC Over Dealer Registration in Latest SalvoWorld’s Top Solar Firm Longi Plans Thousands of Job Cuts on GlutAdani Says Report on Bribery Probe by US Prosecutors Is FalsePetro Lays Out Long-Shot Plan for Colombia Constitutional ReworkEuropean Gas Extends Rally With Focus on Global Energy SupplyBank...

5% Stake in Vincom Retail UnitHomeowners, realtors should take steps to protect against title fraud: expertsBiden Officials to Brief Wary Senators on TikTok Sale PushChina Fines Evergrande’s Hui and Bans Him From MarketFed Hikes Slash Household Net Interest Income in Break From PastLouisiana Gas Project Delayed Amid Spat Between Energy Transfer, DevelopersSEC Sues Money Managers for Bogus Artificial Intelligence ClaimsSigna Creditors Back Restructuring Plan Promising 30% PayoutFive Key Charts...

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

BNNBloomberg /  🏆 83. in CA

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Fallen UK Tech Star Lynch in Fight to Avoid US Prison for FraudFallen UK Tech Star Lynch in Fight to Avoid US Prison for FraudOnce-prominent UK technology entrepreneur Mike Lynch already is facing possible financial ruin after losing a London civil trial over his ill-fated 2011 deal with Hewlett Packard Co.
Read more »

Property Tycoon Accused of Embezzling $12 Billion in Vietnam’s Biggest Fraud CaseProperty Tycoon Accused of Embezzling $12 Billion in Vietnam’s Biggest Fraud CaseA property tycoon in Vietnam is accused of embezzling $12 billion in what is being called the country's biggest fraud case.
Read more »

Tycoon Deripaska says Western firms shouldn't be pressured to sell Russian assetsTycoon Deripaska says Western firms shouldn't be pressured to sell Russian assetsRussian billionaire Oleg Deripaska has said that Western investors should not be pressured to sell their Russian assets, a practice he said was dishonest...
Read more »

Ovivo supports water, wastewater tech program with purchase of E2metrixOvivo supports water, wastewater tech program with purchase of E2metrixCanada's construction news
Read more »

Accused attacker takes the witness stand, denies stabbing 17-year-old girlAccused attacker takes the witness stand, denies stabbing 17-year-old girl'We said our normal goodbye. I gave her a hug, told her I loved her and gave her a kiss on the cheek': Elliot Lake man is on trial for allegedly stabbing a teenage girl when he was 16
Read more »

Ottawa police seek to ID man accused of stealing car from Queen Street garageOttawa police seek to ID man accused of stealing car from Queen Street garageOttawa police are asking for the public's help identifying a man accused of assaulting someone in a parking garage and stealing a car.
Read more »



Render Time: 2025-02-21 13:55:34