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The body of a man recovered near the Bayesian yacht is believed to be that of Recaldo Thomas, a Canadian-Antiguan chef who was working on the boat

Six people are still missing after British luxury yacht sank off Sicily on Monday

They include Morgan Stanley International chairman Jonathan Bloomer , his wife Judy, British tech tycoon Mike Lynch, and jewellery designer Neda Morvillo

Divers are struggling to reach the cabins of the yacht, with a "world of objects" blocking access to the rooms

Of the 22 people on board, 15 survived, six are missing, and one body, believed to be Recaldo Thomas, has been found

Live Reporting

Edited by Sean Seddon, with Mark Lowen reporting from Sicily

Rescue workers continue the search for six missing people published at 20:28 British Summer Time 20 August 20:28 BST 20 August

Search crews say their efforts to recover the six people still not accounted for after a yacht sank off the coast of Sicily on Monday will "continue without stopping".

As the second day of that operation comes to close, here's what we have learned:

• Friends of Recaldo Thomas , the chef believed to have died in the sinking, have begun to pay tribute to his "smile that lit up a room"
• Three more survivors have been named as Leo Eppel and South African nationals Leah Randall and Katja Chicken - all members of crew that were on board the ship when it sank
• Six people still remain unaccounted for: Mike Lynch, his 18-year-old daughter Hannah , Jonathan Bloomer and his wife Judy, and Chris Morvillo and his wife Neda
• Divers have been able to reach the lounge of the yacht but their path to the cabins has been blocked by "a world of objects"
• The Italian coastguard says that specialist divers are "evaluating the feasibility of safely entering the wreck", but warn the search is being complicated by its " depth and the position of the hull" around 50m (164ft) below the surface
• Jonathan Bloomer's twin brother has told the BBC his family are "coping the best we can" as they wait for updates from the rescue team's ongoing efforts

We're going to pause our coverage now but you can read more about the second day of the Bayesian search operation here .

This page was edited by Emily Atkinson, Owen Amos and Sean Seddon and was written by Sophie Abdulla, Adam Durbin, Gabriela Pomeroy, Matt Spivey, Barbara Tasch, Jacqueline Howard, Rachel Flynn and Johanna Chisholm.

Who are the six people still missing? published at 20:19 British Summer Time 20 August 20:19 BST 20 August

Technology tycoon Mike Lynch is still missing alongside his 18-year-old daughter

Six people remain unaccounted for after a luxury yacht sank off the coast of Sicily, including a father and daughter, as well as two married couples.

UK businessman Mike Lynch, who helped establish Cambridge Neurodynamics and co-founded the firm Autonomy, is still missing alongside his daughter Hannah Lynch , an 18-year-old student.

Jonathan Bloomer , the chairman of Morgan Stanley Bank International, and his wife Judy Bloomer were also on the yacht when it sank and have not yet been found.

Chris Morvillo , a partner at the law firm Clifford Chance, and his wife Neda Morvillo, a jewellery designer, have also been confirmed as missing.

Earlier we reported that the body of a man recovered near the sunken Sicilian yacht is believed to be that of Recaldo Thomas , a Canadian-Antiguan chef who was working on the boat.

His friends have described him as having "a smile that lit up the room".

Couple missing from yacht are 'incredibly generous people', says reverend published at 20:07 British Summer Time 20 August 20:07 BST 20 August

Jonathan and Judy Bloomer - who are still missing following the sinking of the Bayesian yacht - are “incredibly generous people”, the reverend of their local church says.

Speaking to BBC South East, Rev Tim Edwards, from Knockholt in Kent, says “at the moment there’s an awful lot that we don’t know”.

He describes the couple as being “very much” part of the village community and active with local charities.

What are waterspouts? published at 19:52 British Summer Time 20 August 19:52 BST 20 August

According to vessel tracking app Vesselfinder, the Bayesian left the Sicilian port of Milazzo on 14 August and was last tracked east of Palermo on Sunday evening, with a navigation status of "at anchor".

Witnesses later described seeing a waterspout form during a storm that hit in the area overnight, and - as mentioned in our last post - it is believed to have struck the yacht before it sank.

Most are familiar with what tornadoes look like - they are rotating columns of destructive winds, protruding from the base of clouds down to the ground. According to BBC Weather, waterspouts are just that too, but they form over water rather than land.

Instead of dust and debris swirling around the core of strong winds, it is water mist whipped up from the surface.

Like tornadoes, most are only short-lived, narrow columns and are not easily picked out on weather radars, so many will go unreported.

How could the yacht have sunk? published at 19:39 British Summer Time 20 August 19:39 BST 20 August

It is believed the Bayesian was struck by a tornado over the water - otherwise known as a waterspout - causing the luxury yacht to capsize and sink to the seabed.

There are separate reports the boat's mast snapped during the freak storm, while other factors in the boat's tipping over could include water entering through hatches and doors which might have been left open because of warm weather off the Italian coast.

'Easy to talk to with a sense of humour' - friend describes Mike Lynch published at 19:27 British Summer Time 20 August 19:27 BST 20 August

Another one of Mike Lynch's friends has been telling the BBC a bit more about their neighbour's personality.

"He is so approachable and a very easy person to talk to," Richard Smith, who lives in the Suffolk village of Pettistree, says. "A nice sense of humour."

"You might think with all that money that he would be a difficult person to talk to, but in fact he was a very easy person to talk to."

Mike Lynch's neighbour 'horrified' to learn he's missing published at 19:08 British Summer Time 20 August 19:08 BST 20 August

One of Mike Lynch's neighbours says she was "horrified" to find out he was missing and describes it as the "worst news".

"I just couldn't believe it, I thought this can't be right," Ruth Leigh, of Pettistree in Suffolk, says.

Leigh says they have lived near each other for around 15 years and describes Lynch as a "fantastic neighbour" and a "very charitable man".

"Even though he was incredibly wealthy and a very important person he never ever gave that impression.

"Whenever he met you he always remembers your name, he would chat to you - incredibly friendly and down to earth, which we thought was a great quality," she adds.

Did the yacht’s keel play a role in it sinking? published at 18:46 British Summer Time 20 August 18:46 BST 20 August

By Tom Edgington

There has been speculation about the type of keel on the Bayesian and whether it may have been a factor in it sinking.

The website for Perini Navi – the yacht’s builder – is currently not available. However, by searching internet archives BBC Verify has obtained the boat’s 2018 brochure.

In the “features and performance” section, the document gives dimensions for the keel in an "up" position - 4.05m (13ft) - and in a "down" position - 9.83m (32ft) - suggesting it is retractable.

The BBC has contacted Perini Navi but has not had a reply.

A keel is a support structure underneath the boat which projects downwards and helps keep it balanced on the surface.

Certain boats might require a retractable keel in order to enter shallow water without getting stuck.

We don’t know if the Bayesian’s keel was up or down at the time it was struck by a storm.

However, Andrew Fairbrass who runs a large yacht engineering business says “when you're sailing, you have to keep the keel down and it does make a big difference to stability”.

Name of surviving crew member confirmed by coastguard published at 18:24 British Summer Time 20 August 18:24 BST 20 August Breaking

The Italian coastguard has confirmed the name of another crew member who survived the sinking of the Bayesian.

Leo Eppel was on board the yacht when it capsized, spokesman Vincenzo Zagarola says.

Two other surviving crew members were named by authorities a short while ago .

The BBC understands that Recaldo Thomas, who worked as a chef on the boat, was killed and his body has been recovered.

You can read tributes to the Canadian-Antiguan national here .

British investigators arrive but hopes for miracle vanish published at 18:08 British Summer Time 20 August 18:08 BST 20 August

In cloudy skies and on choppy waters, the search has gone on all day, a helicopter scouring the site where the Bayesian capsized as divers plunged deep below.

They’re trying to access the wreckage of the yacht that was hit by a tornado-like waterspout, and is now 50m (164ft) underwater.

Given the depth, each dive can only be 10 minutes, and with the boat still largely intact it’s hard to get access inside.

British investigators are now here to assess what happened during the extreme weather that hit the Bayesian.

Severe heat and violent storms had prompted a weather alert before the yacht went down.

Tonight the search goes on - but any hope of a Mediterranean miracle survival has all but vanished.

'It's still wait and see,' says twin brother of missing man published at 17:50 British Summer Time 20 August 17:50 BST 20 August

Morgan Stanley International bank chairman Jonathan Bloomer

Jonathan Bloomer's twin brother has told the BBC his family are "coping the best we can" as rescue workers continue to search for him off the coast of Sicily.

The banker is one of six people still missing since the Bayesian yacht capsized.

Jeremy Bloomer tells the BBC he has not received any new updates on the search efforts to find Jonathan, beyond that divers are struggling to access the wreck of the boat.

He says: "It's a slow process and it will take time. So there might be air pockets, but we don't know."

Jeremy continues: "He was my older [brother] by half an hour. So it means a lot when you lose a twin brother. It's still wait and see, so fingers crossed."

Asked how he was coping, he says the situation is "terrible" and something that's "beyond your wildest imagination".

Quote Message I'm just numb, just numb. That's it, you don't know what to think and you can't believe it's happened."

Two members of crew named as survivors of yacht sinking published at 17:39 British Summer Time 20 August 17:39 BST 20 August

We've just heard from the Italian coastguard, which has named two more survivors of the yacht sinking.

South African nationals Leah Randall and Katja Chicken, who worked as crew members on the Bayesian, managed to get to safety after the vessel sank in the early hours of Monday morning.

In total , 15 of the 22 people on board have been rescued . Among them are:

• Mike Lynch's wife, Angela Bacares
• Charlotte Golunski, her husband James and their one-year-old daughter
• Ayla Ronald, who worked as a lawyer for Mike Lynch, and her partner

How Mike Lynch's courtroom joy led to yacht tragedy published at 17:24 British Summer Time 20 August 17:24 BST 20 August

Twelve people were vacationing on Mike Lynch 's yacht, alongside 10 crew members, when it sank in a storm off the coast of Sicily. The gathering was reportedly a celebration.

Earlier this year, Lynch was cleared of fraud and conspiracy charges arising from the sale of his firm Autonomy to US tech giant Hewlett Packard. The decade-long legal battle had led to Lynch's extradition from the UK.

Upon being cleared of the charges in June, the British entrepreneur said he was "elated" and thanked his legal team for their "tireless work". Some of them were on the yacht alongside him when it sank.

Chris Morvillo , a lawyer for Clifford Chance - the law firm that represented Lynch - is among the six people still missing. So is his wife Neda Morvillo , an American jewellery designer.

Ayla Ronald, a senior associate at the same law firm, also worked on Lynch's case. Both she and her partner were invited to the yacht and were rescued when it sank.

Morgan Stanley International chairman Jonathan Bloomer - who appeared as a defence witness for Lynch during his trial - and his wife Judy Bloomer were on the boat when disaster struck. Both are unaccounted for.

Charlotte Golunski, the board director of Luminance - an artificial intelligence platform founded by Lynch - was on board, along with her husband and one-year-old daughter. All three survived.

Lynch's wife Angela Bacares and daughter Hannah were also there. Bacares has been rescued but 18-year-old Hannah is still missing.

In pictures: Search operation at wreck site continues published at 17:03 British Summer Time 20 August 17:03 BST 20 August

A search and rescue operation, which includes boats scouring the surface of the sea and divers examining the wreck of the Bayesian yacht on the seabed, is still ongoing.

As we've been reporting, the specialist diving team have been struggling to access the cabins on the wreck - which is around 50m below the surface - because of debris blocking access.

'A smile that lit up the room': Tributes to chef killed in yacht sinking published at 16:52 British Summer Time 20 August 16:52 BST 20 August

The body of a man recovered near the Bayesian yacht is believed to be that of Recaldo Thomas, a Canadian-Antiguan chef who was working on the boat.

His friends have been paying tribute to him. Gareth Williams, who lives in Antigua, knew Thomas for 30 years.

"I can talk for everyone that knew him when I say he was a well-loved, kind human being with a calm spirit," he told me.

The two grew up together in Antigua, where Recaldo spent his time during off-season.

"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."

Eli Fuller met Recaldo some 25 years ago while out socialising in Antigua.

"He knew everybody and was friends with everybody. He'd always ask how you were doing, how your family was - he was always positive.

"Personality was very important in his job. The world's richest people want to hang out with someone social. He was sought after."

He added that Thomas became an inspiration to young black children who wanted to get into yachting.

"The kids would see all these white people working on yachts. For them to see an Antiguan man travelling all over the world - it was important for our community."

Search efforts complicated by wreck's position underwater, coastguard says published at 16:42 British Summer Time 20 August 16:42 BST 20 August Breaking

The search for the missing six passengers "continues without stopping" but divers have not found anything, the Italian coastguard says.

The coastguard says that specialist divers are "evaluating the feasibility of safely entering the wreck", but that the search is being "complicated by the depth and the position of the hull lying on the seabed" - at 50m below the surface.

It adds there is no trace of "hydrocarbon pollution" - meaning oil or other similar fuel is not leaking from the wreck.

Why is the search and recovery operation for the Bayesian so complex? published at 16:28 British Summer Time 20 August 16:28 BST 20 August

We're well into the second day of search and rescue operations for the six people still missing after the sinking of a luxury yacht off the coast of Sicily.

Here are some of the factors which make this a highly complex process:

• The wreckage is currently 50m (165ft) below the surface of the water
• Furniture and a "world of objects" are blocking access to the cabins of the yacht, hampering the divers' access
• Divers can only spend 12 minutes below the surface of the water, meaning by the time they reach the Bayesian, they only have 10 minutes to search the wreck
• The bridge of the yacht - the room where the captain controls the vessel - is full of electrical cables
• Divers are unable to see inside the yacht , though a possible entry point could be through a 3cm (1.2in)-thick glass window
• Specialist divers who are trained to work in small spaces have had to be flown in from Rome and Sardinia

Ex-MP John Gummer on his 'wonderfully kind' friend Lynch published at 16:10 British Summer Time 20 August 16:10 BST 20 August

Helen Burchell Live reporter

Lord Deben says his friend Mike Lynch is "wonderfully kind and companionable"

Lord Deben, former Conservative MP John Gummer, describes his missing friend Mike Lynch as "a wonderfully kind and companionable" man.

"He is the kind of person who carries this enormously clever mind, but carries it so lightly, and is always interested in what others have to say and might contribute," he says in a statement.

"It is a very serious moment... for if we have lost him, we’ve lost a very wonderful man."

He adds: "It is one of the cruellest blows that could possibly be made if it turns out that he hasn’t survived because he had so much to give, and he was giving it.

"This is a man of outstanding ability, but also the sort of person whom we were all very, very fortunate to know."

Water conditions could have led to waterspout, says oceanographer published at 15:54 British Summer Time 20 August 15:54 BST 20 August

Dr Simon Boxall is a senior lecturer at Southampton University

Dr Simon Boxall, an oceanographer from the University of Southampton, says "there's a lot still to be discovered" about what led to the sinking of the Bayesian.

Asked about reports the boat may have been hit by a waterspout , he tells the BBC they are "not normally dangerous" but that would depend on the intensity of the weather system.

Boxall says: "What's interesting is that we saw very light winds up until the time at which the yacht was hit.

"And then suddenly, the wind went from about three or four miles an hour to 30 or 40 miles an hour, and then dropped again. And that was on land.

"So it's a sort of precursor to there being a major sort of squall or even a waterspout that would have hit the ship."

The ocean to the north of Sicily is more than three degrees warmer than it should be at this time of year, he adds, creating a "perfect storm" for waterspouts to occur.

'Yacht sank in two minutes,' captain of nearby ship says published at 15:41 British Summer Time 20 August 15:41 BST 20 August

The captain of the Dutch-flagged ship that rescued Bayesian passengers from the water before emergency services arrived has spoken again to Reuters.

Captain Karsten Borner has previously explained how he worked to keep his ship upright during the storm, before noticing the luxury yacht that had been behind his vessel had disappeared.

"I don't absolutely know what they did. I only know that they went flat with a mast on the water and that they sank in two minutes," Borner says.

He says the sea temperature, which meteorologists have told us was at an extreme high of 30C, is "way too hot for the Mediterranean, and this causes, for sure, heavy storms".

Sinking of a superyacht adds to questions billionaire Mike Lynch wanted to put behind him

It was a sunny August morning when software entrepreneur Mike Lynch, 59, gathered 10 of his closest friends along with his wife and daughter on the dock of Porto di Milazzo, on the northern coast of Sicily. They had come to celebrate his freedom. Only months before, several of the guests played crucial roles in persuading a San Francisco jury to acquit Lynch of federal charges related to the sale of his software firm Autonomy to HP for $11 billion. 

Five days after the yacht left port, Lynch, his daughter, four guests, and a hired chef were dead in the Mediterranean Sea after a storm flooded the ship. The drowned included the chairman of Morgan Stanley International, a star witness at Lynch’s trial, as well as one of Lynch’s lead defense attorneys. Among the survivors were a former Autonomy exec who went on to become a partner at Lynch’s venture capital firm, a second member of his defense team, and Lynch’s wife, who reportedly owns nearly all his fortune. The same day of the drowning, U.K. news outlets reported that Lynch’s codefendant in the fraud trial, Stephen Chamberlain, who had also been acquitted, had been fatally run over by a car as he was out jogging—a shocking coincidence.

Less than a week after the tragedy, there are far more questions than answers. Did the yacht named Bayesian —an homage to a statistical theorem for predicting future outcomes—simply fall victim to a terrible storm? How did most of the crew and a few passengers escape, and why couldn’t they reach Lynch and the six others who did not make it out? Italian officials are looking into manslaughter charges, but it’s not yet clear who they may have in their crosshairs. Giovanni Costantino, who runs the Italian Sea Group that owns Perini Navi, the Italian maker of the yacht, had harsh words for the crew, whom he blames. “This is the mistake that cries out for vengeance,” he told Reuters .

There are also huge questions swirling around the business ventures of the man dubbed the “British Bill Gates.” While the Bayesian excursion was to serve as a celebration of Lynch’s acquittal on all charges in the U.S.—where he had spent months under house arrest—the reality is that his legal troubles were far from over. In a January 2022 civil trial, the U.K.’s High Court found that the company, which by then had changed its name to Hewlett Packard Enterprise (HPE), had “substantially succeeded” in proving that Autonomy leaders had fraudulently made it look like the company was earning more revenue than it was. In 2019 Autonomy’s CFO was convicted of 16 counts and sentenced to five years in prison. At this time, the U.K. case is in a holding pattern as the judge determines what damages are owed to HPE. (The company’s spokesperson Adam Bauer says HPE is “saddened by this tragic event, and our thoughts are with the families and friends of all those who lost their lives.”)

But Lynch’s passing also looms over Invoke Capital, the venture firm he founded in 2011 and whose managing partner—Charlotte Golunski—survived the yacht disaster and saved her 1-year-old baby. One of Invoke’s most prominent bets was a 2013 seed-stage investment in Darktrace, a cybersecurity firm on whose board Lynch sat until 2018. Darktrace has developed a reputation as a sleek AI cybersecurity startup with ties to spy agencies like MI5 and the U.S. National Security Agency. It also became the target of short-sellers who in 2023 expressed doubt over Darktrace’s financial filings—the same sort of allegations that plagued Lynch’s Autonomy. 

Darktrace insists that the short-sellers’ allegations were baseless, and they say an EY audit it commissioned showed this to be the case. In April Darktrace received a $5.3 billion acquisition offer from the giant private equity firm Thoma Bravo. The deal, which Fortune reported will likely go forward despite Lynch’s death, stood to help rehabilitate Lynch’s business reputation. As of Aug. 14, he and his wife collectively owned 3.21% of the company, which would be worth some $170 million upon the deal’s completion. Invoke Capital has not responded to multiple requests for comment, and Darktrace declined to comment.

Following his U.S. acquittal, Lynch was pleased enough with the state of things that he had begun celebrating weeks before the yacht party. In the days following the not-guilty verdict, Lynch and his wife; Stephen Chamberlain and his wife; the attorney Chris Morvillo—who drowned on the Bayesian —and 20 other lawyers gathered at a restaurant at a hotel near the San Francisco courthouse.

Brian Heberlig, an attorney at Steptoe who gave the closing argument in Lynch’s trial, recalls that Morvillo gave a moving toast, telling those assembled that the trial was more than just a job, but one of their life’s works. “He really was a brilliant man,” Heberlig told Fortune , fighting back tears as he remembered Lynch. “And he ran his legal defense the same way I imagine he ran Autonomy. He let the experts do their jobs, while still having a strong grasp on the material. As he used to say, ‘Let the brain surgeons do the surgery.’”

That night was the last time Heberlig ever saw Lynch or Morvillo.

A ‘virtually unsinkable’ boat

The sailing party departed Aug. 14—five days before the storm—and comprised 12 guests and 10 crew members. The Bayesian was one of the biggest yachts of its kind. Its first stop was a cluster of small islands off the coast of Sicily. Then it jetted across the sea to the Sicilian town of Cefalù, before putting down anchor for the final time on the coast of Palermo, a favorite getaway for the rich and famous, and a former haunt for the Mafia.

Lynch’s wife, Angela Bacares, who reportedly held the couple’s entire $1.1 billion fortune, was jolted awake on Aug. 18 as the boat began to tilt. Glass from a shattered window exploded across the deck, according to reports, cutting her feet as she ran to investigate.

Black and white security  footage  appears to show the outline of what is believed to be the 184-foot sailing yacht, which used call sign 2ICB8, slowly disappearing behind a thicker and thicker veil of rain. Nearby villagers and fishermen say they saw a sea tornado called a waterspout. Soon after, the yacht lay on the ocean floor.

Theories are swirling about why the yacht sank. One holds that a bay door was left open in the storm, causing the ship to flood and sink in minutes. Another holds that the Bayesian’ s 246-foot-tall aluminum mast—one of the tallest in the world— broke in the wind and took the boat down with it.

Most news reports say the yacht sank almost instantly, but the CEO of the company that bought the boat’s maker after it went bankrupt in 2021 disputes that. In a Financial Times report, he called the boat “virtually unsinkable,” and says that it dragged its anchor for 16 minutes before it sank. 

During those fateful moments, a far older nearby yacht, the Sir Robert Baden Powell, built in 1957, was drifting on a similar course as the Bayesian and not only survived, but also came to help. Some onboard saw a red flare shooting across the rainy sky—an emergency signal from those who had fled the doomed yacht, drawing the attention to a life raft filled with 15 of the 22 passengers.

Passenger Golunski, 35, who helped run Autonomy the first year it was at HP, described holding her 1-year old daughter Sophia as she screamed for help. One of Lynch’s most trusted employees, Golunski was a founding partner at Invoke Capital, the London-based firm that backed Darktrace. Lynch’s wife Bacares was also in the life raft along with Clifford Chance lawyer Ayla Ronald, 36, who reportedly texted to her father: “there are deaths.”

The lifeboat survivors were soon plucked from the sea while the Bayesian came to its current resting place 50 meters below the surface. Over the course of the next 72 hours, a team of scuba divers from the Guardia Costiera and specially trained cave divers from the Vigili del Fuoco, the local fire department, used boats and a helicopter to triangulate the yacht’s position. The divers, working in bursts of 8 to 12 minutes, searched the Bayesian’ s six guest suites, master suite, multiple living areas, and dining room.

The body of the yacht’s chef, Recaldo Thomas, was the first to be found, floating on the water’s surface. On Wednesday, two days after the wreck, four more bodies were discovered, and on Thursday a fifth. Among them were Lynch and Chris Morvillo of the prestigious law firm Clifford Chance, who had made the controversial decision to have Lynch testify, and questioned him on the stand right before he was acquitted. The others discovered were Morvillo’s wife, Neda, as well as the Morgan Stanley banker and key witness Jonathan Bloomer, who had been a former executive director at Autonomy, and his wife, Judy. The body of Lynch’s 18-year-old daughter, Hannah, was pulled from the sea on Friday.

The U.K. Maritime and Coastguard Agency tells Fortune it is in contact with the Italian authorities but would not provide further information. The U.K.’s Foreign Office told Fortune it is providing “consular support to a number of British nationals and their families…and are in contact with the local authorities.”

More questions than answers

Even as loved ones and the survivors begin to come to terms with the human toll of the tragedy, the business world has begun assessing Lynch’s complicated past and his many business dealings. 

Lynch was born of modest means to a nurse and firefighter in a suburb of London. From an early age he showed a proclivity toward technology and a fiery determination. He studied natural sciences at Cambridge, then returned for a PhD in artificial neural networks, the building blocks of artificial intelligence. When he was still studying for his PhD, he started his first venture, Cambridge Neurodynamics, monetizing computerized fingerprint recognition, eventually evolving into Autonomy. 

Founded in 1996 with David Tabizel and Richard Gaunt, Autonomy used an early version of artificial intelligence to quickly scan what’s known as “unstructured data,” especially including language. Autonomy quickly became a darling of the U.K.’s fledgling tech scene, and it was seen as a crowning achievement when, in 2011, the company struck an $11 billion deal to be purchased by HP, now HPE. The deal, however, was quickly engulfed in scandal when a year later the new owner alleged accounting fraud and wrote down its investment by $8.8 billion.

Despite the baggage around Autonomy, Lynch continued to ride high in the tech world through his venture firm, Invoke Capital, which he founded in 2012. One of its most profitable investments was Darktrace, which he backed in 2013 and joined as a board member. By 2016 he told TechCrunch that 60 employees from Autonomy were working at Invoke, that he’d raised a billion dollars to invest in startups, and that Darktrace was worth $500 million.

While fighting the legal battle over Autonomy and building Invoke, Lynch enjoyed the trappings of a mogul. The same year he announced his billion-dollar startup fund, he was sailing the Bayesian , worth an estimated $25 million. He reportedly also owned a $6 million, 69-acre Georgian manor.

By early 2020 Darktrace shared deep connections with Autonomy, including half of Darktrace’s board and six of its eight top executives. The following year Darktrace went public, soaring 40% above its pre-market value. But the victory lap was brief. In September 2022, an acquisition talk between private equity firm Thoma Bravo and Darktrace fell through , sending share prices tumbling. In early 2023, the short-selling firm Quintessential Capital Management published a 70-page report accusing Darktrace of similar misconduct that had sunk Autonomy.

“We are deeply skeptical about the validity of Darktrace’s financial statements,” the report read. Darktrace’s shares plunged as much as 17% after the report was published, though the company said at the time that the management team and board had “rigorous controls in place.” Darktrace hired EY to perform an audit, which stabilized its share price after the accounting firm found the company’s earlier financial results did not need to be restated. Darktrace never publicly released the report, however, with a spokesperson saying at the time that it contained “commercially sensitive information.”

More recently, Darktrace’s CEO Poppy Gustafsson wrote in the firm’s Q4 trading report of “shareholders voting overwhelmingly in favour” of the acquisition, and added the company is “awaiting the conclusion of the remaining regulatory processes.”

Until very recently, Darktrace had sought to distance itself from Lynch and his VC firm. In December, shareholders passed a resolution that rejected Invoke non-executive director Patrick Jacob’s reappointment to its board. This April, Invoke lost the right to that same board seat when it was discovered its shares had fallen below the required 10% threshold. Nonetheless, in a memorial to Lynch, Gustafsson wrote : “Without Mike, there would be no Darktrace. We owe him so much.”

While the Italian authorities continue to investigate the crash site, one thing is certain: The swirl of legal and business battles that surrounded Lynch during his lifetime are likely to continue after his death. A local Italian news site reports that the public prosecutor’s office in a nearby town, Termini Imerese, is looking into allegations of manslaughter surrounding the sunken boat. And two months before Lynch died, former U.K. Secretary of State David Davis reportedly said he was working with Lynch to scrap U.S./U.K extradition agreements that allowed Lynch’s trial to happen in the first place. 

On Wednesday, Aug. 21, Davis told GB News he would continue that fight in memory of Lynch. “We need to get a grip of this,” said Davis. “Mike, when he’d won his case, almost the first thing he did was ring me up and say, ‘We’re going to have to defeat this treaty, we’re going to have to overcome this treaty and get it changed for the better.’”

“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.

Lynch’s desire to extend the legal fight even after his not-guilty verdict reflects the scrappiness he displayed throughout his life. This helped him ascend to the highest rungs of business and moguldom—but the success also came with a tenuous quality as questions about his business dealings dogged him for years. The not-guilty verdict and the pending Darktrace sale meant Lynch was in position to finally cast off that shadow. But now his ultimate legacy is poised to be tied forever to a mysterious and tragic hour on the Mediterranean Sea.

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