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Former Autonomy execs face fraud charges in HP deal

Tammy Whitehouse | December 3, 2018

A federal grand jury has delivered indictments against former Autonomy executives in connection with HP’s failed acquisition of the U.K. technology business.

According to the U.S. Department of Justice, Autonomy founder and former CEO Michael Lynch, as well as Stephen Chamberlain, former vice president of finance at Autonomy, will face charges of fraud and conspiracy in connection with HP’s $11 billion acquisition of Autonomy in 2012. The pair are accused of taking a number of measures to obscure the true financial condition and growth prospects for Autonomy.

Autonomy’s former CFO, Sushovan Hussain, was convicted on 16 counts of conspiracy, wire fraud, and securities fraud in connection with the transaction. Hussain is reportedly appealing that conviction, which prompted U.K. regulators at...

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