Life plays strange games. From one moment to the next joy can turn to tragedy or as the people say “when man makes plans, God laughs”.
All this can cross anyone’s mind in the case of British tech mogul Mike Lynch, whose body was recovered on Thursday morning, about 24 hours after the luxury yacht – owned by his wife – on which he was partying sank. friends his freedom after his acquittal in his high-profile and long-running dispute with HP in the US. It seems like a tragic end to a great story.
Bayesian theorem and the road to the cell
Tragic irony: British tycoon Mike Lynch was a proponent of Bayes’ theorem, according to which with a proper understanding of probability, most outcomes are predictable. But sometimes horrible things happen.
Bayesian thinking was at the heart of his astonishing rise. It was the subject of his PhD thesis at Cambridge and formed the basis of Autonomy, the software company he founded in 1996 and sold to Hewlett-Packard (HP) for $11.7 billion in 2011, netting $800 million. Some called him “Britain’s Bill Gates”. He received accolades: an OBE, a seat on the boards of the BBC and the British Library and an advisory role in Downing Street. Few could have predicted that he would be in a prison cell facing a sentence of more than 2 years behind bars, as the Economist writes.
The years-long legal battle sparked by the sale of Autonomy is considered one of Silicon Valley’s biggest fraud cases.
Accused by HP of using “serious accounting irregularities” to inflate Autonomy’s value, Lynch was taken into custody and extradited to America in handcuffs. Facing 15 counts of fraud and conspiracy, he was placed under house arrest in San Francisco.
The chances…
The odds were against him. Less than 1% of federal cases result in acquittals. The vast majority of defendants plead guilty in exchange for lighter sentences. Worse, Charles Breyer, the judge in the case, had already jailed Sushovan Hussain, Autonomy’s former CFO. A British judge had also ruled in favor of HP.
In June, Lynch was acquitted of all charges by a jury.
He had beaten the odds much earlier. The son of a fireman and a nurse, having been born in London, Leeds spent his holidays working as a cleaner at the hospital where his mother worked.
A diligent student, he won a scholarship to Bancroft’s, a private school in London, and later studied natural sciences at Cambridge. There he immersed himself in adaptive pattern recognition, an early form of artificial intelligence (AI) that later fueled the development of Autonomy.
Lynch has always maintained his innocence. He called his company’s record-keeping methods the norm across the industry. Having returned to Britain, he wanted to return to innovation and vowed to campaign against what he saw as an unfair extradition law between Britain and America. He told reporters he was looking forward to his “second life” as a free man.
Source OT
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