Lynch’s Legal Woes Barely Dent Loyalists’ $1.7 Billion FortuneBy and
U.K. tech entrepreneur Lynch facing extradition to U.S.
Allies, family hold 180 million shares in cyber firm Darktrace
Even as Mike Lynch faces potential extradition to the U.S. on fraud charges those who have stayed loyal to the British tech entrepreneur are reaping the rewards of standing by their man.
Shares in Darktrace Plc, a cybersecurity company that Lynch helped found, took a hit as a London judge supported Lynch’s extradition to answer fraud charges. Lynch is accused of artificially inflating revenue at his previous company, Autonomy Corp, ahead of an $11 billion sale to Hewlett-Packard in 2011.