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Who is Mike Lynch? UK entrepreneur among those missing after superyacht sinks off Sicily

Mike lynch, a 59-year-old british technology entrepreneur, was among the six missing passengers who were aboard the bayesian, a yacht that sank in sicily, italy..

Six people remain missing after a luxury superyacht sank off the coast of Palermo in Sicily, Italy on Monday, including British technology entrepreneur Mike Lynch.

Lynch, 59, was aboard the Bayesian, an 184-foot-long British-registered sailboat that sank into the water right before sunrise. While six individuals are missing — including American, British and Canadian nationals — one person has been confirmed deceased from the sinking that capsized the yacht's 22 passengers, Italy's coast guard said in a statement.

Of the 15 rescued passengers, eight were taken to a local hospital for treatment and were in stable condition, CNN reported. A 1-year-old was among those rescued. The large vessel sank after heavy rainfall from strong storms caused flooding and landslides in parts of Italy.

Prosecutors in a town near Palermo have since opened an investigation into the events leading up to the sinking, which may shed some light on why Lynch was aboard the superyacht. Lynch's wife, Angela Bacares, was one of the rescued passengers, the BBC reported.

Here is what we know about Lynch.

What companies did Mike Lynch found?

In 1996, Lynch co-founded the Autonomy Corporation, an enterprise software company now known as HP Autonomy. He also founded Invoke Capital , a venture capital fund.

Through Invoke Capital, Lynch became a co-founder of Darktrace, a British cyber security company established in 2013 and headquartered in Cambridge, England.

Why was Mike Lynch charged with fraud?

Soon after Lynch sold Autonomy to Hewlett-Packard (HP) for $11 billion in 2011, a sale in which he made around $800 million, he was hit with civil and criminal charges.

In November 2012, HP announced an $8.8 billion writedown of assets and claimed Autonomy artificially inflated its value by hiding "serious accounting improprieties, disclosure failures and outright misrepresentations," the Guardian reported.

Although the UK Serious Fraud Office ended its investigation of the sale due to insufficient evidence, Lynch and Stephen Chamberlain, former vice president of finance at Autonomy, were indicted for fraud in the U.S. in November 2018. Sushovan Hussain , Autonomy's former finance chief officer, was found guilty of fraud in 2018 and sentenced to five years in prison, according to the U.S. Attorney's Office for the Northern District of California .

HP won a civil action in the High Court in London in January 2022 against Lynch and Hussian, the BBC reported. Damages were to be decided later, with the judge saying the amount would be "significantly less" than the $5 billion claimed by HP, according to the outlet.

Was Mike Lynch found guilty?

Lynch was extradited to the US in May 2023 to face 16 counts of wire fraud, securities fraud and conspiracy. He and Chamberlain, who was charged with 15 counts of wire fraud and conspiracy, pleaded not guilty.

On June 6, 2024, the men were found not guilty of all charges.

Lynch told BBC Radio 4 in August that although he knew he was innocent at the onset of this 11-week trial, he felt his wealth allowed him to prove his case in U.S. court.

"You shouldn't need to have funds to protect yourself as a British citizen," he said.

Stephen Chamberlain on life support

On Saturday, two days before Lynch's disappearance, Chamberlain was seriously injured in a road accident, Reuters reported, citing a person familiar with the matter.

Chamberlain was struck by a car in Cambridgeshire on Saturday morning and was placed on life support, the person said, per Reuters.

Contributing: Reuters and Cybele Mayes-Osterman/ USA TODAY

Superyacht sinks latest: Mother of crew survivor speaks out; CCTV captures yacht seconds before it sinks

The search for six people missing after a superyacht sank in a tornado off Sicily continues. Listen to a Daily podcast special as you scroll - as our correspondents and guests examine why the disaster happened.

Wednesday 21 August 2024 06:30, UK

• Superyacht sinking
• Search for survivors after superyacht disaster in 'critical 24 hours'
• Six missing - including tech boss, Morgan Stanley executive and top lawyer
• Crew survivor 'spared by grace of God' - as staff named
• Captain speaks out for first time
• Divers limited to 10 minutes underwater struggle to access cabins
• Watch: CCTV captures yacht seconds before it sinks
• Explained: What causes waterspouts? | Inside the superyacht
• Listen to the Daily podcast above and tap here to follow wherever you get your podcasts

The Italian coastguard has not ruled out the possibility that those missing may still be alive, with experts speculating air pockets could have formed as the yacht sank.

That the vessel sank at speed and remains intact on its side "could favour the formation of small air pockets inside", said Dr Jean-Baptiste Souppez, a senior lecturer of mechanical, biomedical and design engineering at Aston University.

"This is obviously highly speculative and impossible to predict accurately."

Jeremy Bloomer, the twin brother of missing Morgan Stanley International bank chairman Jonathan Bloomer, told the BBC his fingers were crossed.

"It's a slow process and it will take time. So there might be air pockets, but we don't know. It's still wait and see, so fingers crossed."

Dr Souppez said a sign the rescuers may be looking for is a "banging noise at regular intervals".

"This is common practice on submarines and was one of the signs the search mission for the Titan submarine was looking for after it went missing last year."

Yesterday, Vincenzo Zagarola of the Italian coastguard said the missing were unlikely to be alive.

"Never say never, but reasonably the answer should be not."

Welcome back to our live coverage of the Bayesian shipwreck, as the search for six missing tourists, including four Britons, enters its third day.

Still unaccounted for are British tycoon Mike Lynch and his 18-year-old daughter Hannah; Morgan Stanley International bank chairman Jonathan Bloomer and his wife, Judy Bloomer; and Clifford Chance lawyer Chris Morvillo and his wife, Neda Morvillo.

Divers spent Tuesday struggling to enter the cabins of the superyacht on the seabed off the Sicilian coast, after confirming the bridge was empty.

Italian authorities said their working theory was the missing were still inside the boat, as search crews cut a hole in the hull in an attempt to gain access.

An engineer who led the salvage operation for the wrecked cruise ship Costa Concordia in 2012 warned rescue divers entered a "critical" 24 hours yesterday.

The coastguard confirmed a body found after the yacht sank yesterday was that of chef Recaldo Thomas, a Canadian-Antiguan national who was working on the Bayesian superyacht.

And he captain of the Bayesian spoke for the first time on Tuesday, saying of the storm: "We didn't see it coming."

We're pausing our coverage for tonight but here is a recap of what we know:

• Six people are still missing after the sinking of the Bayesian superyacht, with rescue teams searching off the Sicilian coast for survivors;
• The Italian coastguard confirmed that the body found after the yacht sank yesterday is that of chef Recaldo Thomas;
• The coastguard also named more survivors - Leah Randall, Katja Chicken and Leo Eppel;
• An engineer who led the salvage operation for the wrecked cruise ship Costa Concordia said rescue divers have entered a "critical" 24 hours; 
• The captain of Bayesian spoke for the first time, saying: "We didn't see it coming" in reference to the storm that sank the boat.

Images are emerging of emergency crews working near the site where the yacht sank in Porticello.

Search and rescue efforts by sea and air have so far delivered no results and experts have said we are in a "critical" 24 hours.

Bayesian was moored around half-a-mile off the coast of Porticello when it sank at around 5am local time yesterday.

A friend of Recaldo Thomas, the chef who was killed as the yacht sank, has described him as a "calm spirit" who had a "smile that lit up the room".

Gareth Williams, who grew up with Mr Thomas in Antigua, told the BBC : "I can talk for everyone that knew him when I say he was a well-loved, kind human being with a calm spirit.

"He would come over to mine over the weekend and he would sing. He had the deepest, most sultry voice in the world, and a smile that lit up the room.

"He told me just the other day that he needed to work two more seasons to fix up his late parents' house. He loved yachting, but he was tired."

Mr Thomas was also a Canadian citizen. The country's foreign ministry said it was "aware of reports that a Canadian citizen has died" and that consular officials were in contact with local authorities.

Mike Lynch "lost the last 12 years fighting a ridiculous case", his co-founder has told Sky News.

David Tabizel, who founded the software company Autonomy with Mr Lynch - the sale of which became the subject of the US fraud case - said he was a "legend" and that he had a "very soft spot for him".

"I'm just heartbroken for him and his family and I hope there's a miracle about to occur," he said.

Mr Tabizel said Mr Lynch's "resilience" and "importance to British economy cannot be overstated". 

"Now he has passed through this great trauma we were hoping he would lead a new national revolution to help Britain out of its current moribund state," he said.

"If anyone has the resilience to survive this - he does. And I hope he's found an air pocket."

Mr Tabizel added: "He has been one of the most influential, intelligent and most honourable human beings I have ever had the honour of knowing."

Mr Lynch sold Autonomy to US computing giant Hewlett-Packard for $11bn (£8.6bn).

He was accused of conspiracy and attempted fraud over the sale to HP and an intense, multiyear legal battle in the US ensued.

He was acquitted of multiple fraud charges in June after more than a year under house arrest.

CCTV footage showing the yacht moments before it sank has been released.

We reported on separate footage earlier, shot from a villa 200m away from the site of the disaster in Porticello.

The owner of the villa told outlet Giornale Di Sicilia the shots showed the boat sinking in 60 seconds: "You can clearly see what is happening. There was nothing that could be done for the vessel. It disappeared in a very short time."

Experts have said we're in a critical 24 hours in the search for survivors.

Earlier, Nick Sloane, who led the salvage operation for the wrecked cruise ship Costa Concordia, said survivors might be trapped in air pockets, but that time was running out to save them (see post at 12.50pm).

Now Dr Jean-Baptiste Souppez, senior lecturer in mechanical engineering at Aston University, has said the speed at which the vessel sank (a few minutes, according to accounts) and the fact that it remains intact "could favour the formation of small air pockets inside".

While the formation is "highly speculative", he says, there are records of survivors found in such pockets.

"A sign the rescuers may be looking for is a banging noise at regular intervals: this is common practice on submarines, and was one of the signs the search mission for the Titan submarine was looking for after it went missing last year," he says.

"But whether air pockets formed on the Bayesian is simply impossible to predict."

There is a "big question mark" over how the superyacht sunk, the editor-in-chief of BOAT International has told Sky News.

Stewart Campbell said "nothing like this had happened before" in his recollection.

"These boats are built extremely tough. They are built to take on the biggest seas the ocean can throw at them," he said.

"Big volume aluminium boats are very capable. So the fact that a boat like Bayesian can sink in a storm like this is incredibly surprising."

He said even if a ship like this was knocked down "it should be been able to right itself".

"Even if the boat had been dismasted, theoretically the boat should have been even more stable as it would have meant less weight and the keel would then have anchored the boat more firmly in the sea.

"There are lots of questions to be answered.

"At the moment from my point of view and from the people I have spoken to, including captains of similar boats, there is a big question mark over how this happened."

The action of the boat when it was struck by the storm "would have been incredibly violent" and "it should have woken everybody up".

"The crew would have sprung into action and tried to get everyone into life rafts if they thought the boat was in danger," he said.

"We just don't know what situation the boat was in when this storm struck."

The life raft on which survivors are understood to have escaped the sinking yacht has been pictured in the harbour at Porticello in Sicily. 

Earlier, Karsten Borner, the captain of a boat that came to their aide, described how he and his crew found the raft with 15 survivors inside and brought them to his ship until help arrived.

He described the situation as "awful and traumatic" for those involved - you can read his comments in full in our post at 10.55am.

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Bayesian yacht sinking live updates: search and rescue teams confirm recovered body is superyacht’s chef.

Crews are working relentlessly to find missing passengers of the doomed Bayesian yacht that capsized off the coast of Italy during a violent storm on Monday.

The boat left the Sicilian port of Milazzo on Aug. 14 and was last tracked east of Palermo on Sunday evening, according to vessel tracking app Vesselfinder.

The 160-foot luxury sailboat with 22 people aboard sank off the port of Porticello when the storm struck at sunrise Monday, the Italian coast guard said. 

Latest news:

• Missing NYC lawyer shared haunting final post before vanishing on Bayesian yacht with jewelry designer wife
• Captain of doomed yacht that capsized off Italian coast speaks out as desperate search for survivors is carried out
• Morgan Stanley International chair Jonathan Bloomer among 6 missing after yacht, the Bayesian, sinks off Italy

Fifteen of the ship’s passengers and crew have survived, including a mother who was clutching her 1-year-old daughter above her head to keep her from drowning. 

The search for those missing has been slow because the Bayesian now sits 50 meters below the surface, where divers can only stay for up to 12 minutes, fire rescue officials said in a statement Tuesday. 

Follow the Post’s live coverage of the ongoing rescue mission.

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Inside the luxury Bayesian superyacht as Brits missing from boat sunk after tornado

The Bayesian was known for its single 75-meter (246-feet) mast, one of the world’s tallest made of aluminum and which was lit up at night, just hours before it sank

• 20:05, 19 Aug 2024

The £30million luxury Bayesian superyacht that sank off Sicily leaving one person dead and six others missing was just around 700 metres from the harbour before tragedy struck.

British tech magnate Mike Lynch and several other people were among those missing after their luxury superyacht sank during a freak storm off Sicily early Monday, Italy’s civil protection and authorities said. Lynch’s wife and 14 other people survived.

Mr Lynch , who was acquitted in June in a huge US fraud trial, was among the six people who remain unaccounted for after their sailboat sank off Porticello, when a tornado over the water known as a waterspout struck the area overnight, said Salvo Cocina of Sicily’s civil protection agency. One body has been recovered, and police divers were trying to reach the hull of the ship, which was resting at a depth of 50 meters (163 feet) off Porticello, near Palermo, where it had been anchored.

It had a crew of 10 people and 12 passengers, the Italian coast guard said. A sudden fierce storm had battered the area overnight, and struck the place precisely where the 56-meter (184-foot) British-flagged Bayesian had been moored. The luxury superyacht is said to have a 75m (246ft) long mast.

“They were in the wrong place at the wrong time,” said Cocina, noting that another superyacht nearby wasn’t as badly damaged and was able to rescue some of the 15 survivors, including Lynch’s wife Angela Bacares. The crew and passengers hailed from a variety of countries: In addition to Britain, passengers and crew were from Antigua, France, Germany, Ireland, Myanmar , the Netherlands, New Zealand and Spain.

The yacht, built in 2008 by the Italian firm Perini Navi, can accommodate 12 passengers in four double cabins, a triple and the master suite, plus crew accommodations, according to Charter World and Yacht Charters. It had an initial asking price of £30million.

The vessel, which previously was named Salute when it flew under a Dutch flag, featured a sleek, minimalist interior of light wood with Japanese accents designed by the French designer Remi Tessier, according to descriptions and photos on the charter sites.

The Bayesian was known for its single 75-meter (246-feet) mast, one of the world ’s tallest made of aluminium and which was lit up at night, just hours before it sank. Online charter sites list it for rent for up to 195,000 euros (about $215,000) a week. The Bayesian was awarded the best exterior styling at the 2009 World Superyacht Awards.

Witnesses have said the vessel was still at anchor in front of the port of Porticello when the tornado struck and the storm broke the large sail mast which is believed to have led the boat to capsize. The 15 people were saved by the ship Sir Robert Baden Powell, which was anchored by the stricken vessel. Captain Karsten Borner of the Dutch ship said that it was able to hold its position in the sea using engines during the storm but then the saw the Bayesan had disappeared.

“We realized that the boat next to ours was no longer there. We saw a red signal flare coming from the area of the boat, so my first officer and I climbed into the tender and went to provide assistance: we recovered 15 survivors, including a little girl. After raising the alarm, the coast guard units also arrived. We heard screams, we continued to search the area but we did not find anyone other than the 15 survivors who had already been rescued."

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