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Jensen Huang made his $172 billion fortune on AI chips. His family's $75 million gift to Vanderbilt argues art decides what technology is for

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Jensen Huang made his $172 billion fortune on AI chips. His family's $75 million gift to Vanderbilt argues art decides what technology is for

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U.K.

Investigator considers manslaughter in the Mike Lynch yacht sinking that killed 7

Jason Ma
By
Jason Ma
Jason Ma
Weekend Editor
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Jason Ma
By
Jason Ma
Jason Ma
Weekend Editor
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August 23, 2024, 1:22 PM ET
Mike Lynch
Mike Lynch, former CEO of Autonomy, in 2019. Simon Dawson—Bloomberg/Getty Images
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Italian authorities are reportedly investigating the sinking of the Bayesian superyacht that killed British tech entrepreneur Mike Lynch and six others earlier this week.

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According to local media, the public prosecutor of Termini Imerese has launched a probe into the shipwreck and multiple counts of culpable homicide, which are equivalent to manslaughter charges.

Termini Imerese authorities did not immediately respond to a request for comment.

The Italian coast guard also confirmed Friday that it had recovered the body of Lynch’s 18-year-old daughter, Hannah.

Sources told Italian news agency Adnkronos that divers found most of the victims outside their cabins, indicating they fled to the opposite end of the yacht as they looked for a way to escape, according to the Guardian.

How did Mike Lynch’s Bayesian yacht sink?

Investigators think the Bayesian’s bow was the first part of the ship to sink before capsizing onto its right side, the report added.

Italian media also said investigators are talking to the crew and looking at videos and photos before the yacht sank as well as CCTV footage of the port, the Daily Mail reported.

The superyacht sank off the coast of Sicily on Monday morning with more than 20 passengers on board amid violent storms. In addition to Lynch and his daughter, the other victims included Morgan Stanley International chair Jonathan Bloomer and his wife, Judy Bloomer; Clifford Chance lawyer Chris Morvillo and his wife, American jewelry designer Neda Morvillo; and chef Recaldo Thomas.

Authorities are looking into possible reasons Lynch’s Bayesian yacht quickly sank, when other boats nearby seemed to weather the same storm without issue.

Who was Autonomy founder Mike Lynch?

Hailed as “Britain’s Bill Gates,” Lynch was celebrating his acquittal after a lengthy fraud trial when the yacht sank.

He had sold his software firm Autonomy to Hewlett-Packard for $11 billion in 2011. But a year later, HP reported an $8.8 billion write-down that included more than $5 billion due to Autonomy, sparking the fraud allegations. While former CFO Sushovan Hussain was found guilty of fraud in 2018 by a U.S. jury, Lynch was acquitted in June on all charges.

“I am looking forward to returning to the U.K. and getting back to what I love most: my family and innovating in my field,” Lynch said after the verdict.

Many of the 22 people aboard Mike Lynch’s yacht were colleagues and friends from Autonomy and Invoke Capital, an investment firm started by Lynch and a large investor in Darktrace, a cybersecurity company in the middle of a $5 billion acquisition.

About the Author
Jason Ma
By Jason MaWeekend Editor

Jason Ma is the weekend editor at Fortune, where he covers markets, the economy, finance, and housing.

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