"UK Tech Tycoon Mike Lynch Faces Trial for $11B Fraud Masterminding"

Mike Lynch, the tech founder once hailed as Britain’s Steve Jobs, is on trial in the US for allegedly orchestrating an $11 billion fraud that led to Hewlett-Packard's disastrous acquisition of his software company Autonomy in 2011. Prosecutors accuse Lynch and a former finance executive of inflating Autonomy’s revenue through fraudulent means, including backdated agreements and fake contracts. Lynch, who faces 16 counts of fraud and conspiracy, is considering testifying in his defense. This trial follows legal battles and a civil lawsuit in which HP substantially won against Lynch and Autonomy's former CFO.