UK Tech Tycoon Mike Lynch Charged in $11B HP Fraud Case

UK tech tycoon Mike Lynch accused by US prosecutors of masterminding "massive fraud" to inflate his software company's revenue and dupe HP into a $11B acquisition
Autonomy Corp used accounting tricks like back-dating contracts and faking product shipments to boost revenue growth ahead of 2011 HP sale
Lynch's co-defendant Stephen Chamberlain allegedly lied to auditors to cover up fraud
Lynch faces 14 counts of wire fraud, 1 of securities fraud, 1 of conspiracy to commit wire fraud, carrying max 25-year prison sentence
Lynch has argued he's being scapegoated for HP's $8.8B write-down after the deal; his lawyers will counter prosecutors' allegations