UK judge finds Lynch masked Autonomy sales shortfall

A British judge said on Friday that Mike Lynch masterminded an elaborate fraud to inflate the value of his company Autonomy before it was bought by Hewlett-Packard for $11 billion in 2011.

High Court Justice Robert Hildyard, giving a summary of his findings after a nine-month trial and a two-year wait, said Autonomy had concealed the sales of hardware products and engaged in convoluted reselling schemes to mask a shortfall in its key software products.

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