Mike Lynch was once described as 'Britain's Bill Gates.' Now the entrepreneur faces potential extradition to the United States.
On Wednesday, Lynch submitted himself for arrest, a "formality" required as part of the extradition process initiated by the DOJ. He was released from the Westminster magistrates court on £10 million bail.
He could face a maximum sentence of 25 years in prison if found guilty of the U.S. charges. A judgment in the civil trial with HP is expected within the next few months.His tech fund Invoke Capital — founded by Lynch and a group of former Autonomy executives — is an investor in several data analytics and artificial intelligence-focused start-ups.
Darktrace itself counts its two co-CEOs Nicole Eagan and Poppy Gustafsson as former employees at Autonomy. Lynch previously served as a director on the firm's board before stepping down in 2018.
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