‘Britain’s Bill Gates’ extradited to the US on money fraud charges with £79m bail set

File photo dated 25/3/2019 of British technology tycoon Mike Lynch who lost an appeal bid while facing extradition to the United States. Lord Justice Lewis and Mr Justice Julian Knowles ruled against him on Friday. They had heard how then-home secretary, Priti Patel, approved Mr Lynch's extradition to the US, to answer criminal fraud charges, in January 2022. A judge at Westminster Magistrates' Court had ruled that Ms Patel could decide whether to order extradition. Mr Lynch challenged that ruling by District Judge Michael Snow. Issue date: Friday April 21, 2023. PA Photo. See PA story COURTS Autonomy. Photo credit should read: Yui Mok/PA Wire

MIKE Lynch, once dubbed “Britain’s Bill Gates”, has been extradited to the US on big money fraud charges.

A Californian judge set bail at £79million and called in 24-hour guards to ensure he does not try to flee.

Mike Lynch has been extradited to the US and denies the charges against him

Tycoon Lynch, is accused of trying to dupe tech giant Hewlett-Packard into overpaying for Autonomy.

Lynch, who founded the software firm, sold it for £8.2billion in 2011.

He denies wrongdoing but faces up to 20 years if convicted.

He fought extradition for four years but his transfer was approved last year during which he lost a six-year civil high court case brought by HP.


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