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Mike Lynch among bodies recovered from sunken superyacht Bayesian as Italian coastguard identifies five victims

The search will now focus on Mr Lynch's teenage daughter, who is still unaccounted for after the tragedy.

Thursday 22 August 2024 09:19, UK

British tech entrepreneur Mike Lynch has been confirmed as among the dead after a superyacht sank off Sicily this week.

The Italian coastguard also said the bodies of Morgan Stanley chairman Jonathan Bloomer and US lawyer Chris Morvillo had been recovered, along with their wives, Judy Bloomer and Neda Morvillo.

Mr Lynch's 18-year-old daughter Hannah remains missing.

Superyacht search - follow latest

Recaldo Thomas, the yacht's chef, also died and was found soon after the vessel sank early Monday morning.

The confirmation of identities comes as another victim was brought up from the wreck in a blue body bag on Thursday, after divers recovered four yesterday.

Mr Lynch's wife, Angela Bacares, is among 15 survivors, as is a British woman who survived with her baby because they were sleeping on deck.

Six people were originally missing when the UK-flagged Bayesian capsized during a storm.

The ship is now at a depth of around 50m (164ft) off Porticello near Palermo, where it had been anchored.

Divers have said navigating the wreck is hard due to debris, darkness, narrow spaces and only a 12-minute window on each descent.

The search will now focus on finding the one person still unaccounted for, Hannah Lynch

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Her 59-year-old father was nicknamed the " British Bill Gates " and had been in the headlines over a high-profile fraud case in the US.

In June, he was cleared of all charges related to the sale of his software company Autonomy to Hewlett-Packard in 2011.

He could have spent years in jail but was instead celebrating his freedom along with friends including Christopher Morvillo, a lawyer who worked on his case.

David Tabizel, Mr Lynch's co-founder at Autonomy, said: "It looks like we've lost our dear Dr Mike Lynch. RIP. The world has lost a genius. His family have lost a giant of a man."

As investigators look into how the sinking happened, the boss of the company that built the Bayesian told Sky News superyachts of that type are "unsinkable" .

Read more: Why search of yacht wreck has been so difficult Who was on the superyacht that sank?

Giovanni Costantino, CEO of The Italian Sea Group, said there were no flaws with the design and construction.

"This incident sounds like an unbelievable story, both technically and as a fact," he said, adding their structure and keel made them "unsinkable bodies".

Meanwhile, the brother of the man in charge of the yacht has said he is a "very good sailor" and "well respected".

Keep up with all the latest news from the UK and around the world by following Sky News

New Zealander James Cutfield, 51, was captain of the Bayesian and - in reference to the extreme weather - previously told Italian media "we didn't see it coming".

His brother Mark said he was a "well respected" mariner who had captained luxury yachts for eight years and previously worked for a Turkish billionaire.

He told the New Zealand Herald he'd been involved in building yachts for 30 years and also raced dinghies competitively in his youth.

Related Topics

• Superyacht sinking

Watch CBS News

Here's what to know about Mike Lynch, the tech tycoon missing in the Sicily yacht disaster

By Aimee Picchi

Edited By Anne Marie Lee

Updated on: August 21, 2024 / 12:05 PM EDT / CBS News

Mike Lynch, once hailed as "Britain's Bill Gates," is now among the six people missing after his luxury yacht sank in a violent storm off the coast of Sicily. At the time of the disaster, Lynch had been trying to shake more than a decade of legal entanglements that ended in June when he was cleared of fraud and conspiracy charges . 

On Wednesday, two bodies had been brought to shore in Porticello, near Palermo, and two more were in the process of being brought ashore. Britain's Telegraph newspaper reported that the bodies of Lynch and his 18-year-old daughter were among the remains recovered Wednesday, but the civil protection chief would not confirm that report to CBS News. 

Lynch, 59, rose to prominence in the late 1990s with the development of his software company, Autonomy, which helped businesses quickly find information buried in email and other digital documents. In 2011, Lynch sold the business to Hewlett-Packard for $11 billion, giving him a $800 million payday and cementing him as one of the U.K.'s richest people. 

But the acquisition was later called one of the "most notorious failed mergers and acquisitions" after HP discovered alleged accounting issues, leading to Lynch's firing by HP's then-CEO, Meg Whitman. HP claimed that Autonomy had used accounting improprieties to bolster its underlying financials ahead of the acquisition, charges that Lynch steadfastly denied. 

The case stretched into a 12-year legal fight that ended in June 2024 when a federal court jury in San Francisco delivered not-guilty verdicts.

"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 in a statement after the verdict.

Here's what to know about Lynch. 

What company did Mike Lynch start?

Lynch, who earned a PhD in mathematical computing from the U.K.'s Cambridge University, first cofounded a company called Cambridge Neurodynamics, based on the cofounders' work with pattern recognition. The firm used the tech to match fingerprints and car license plates, according to a 1997 article in The Guardian.

From there, Lynch cofounded Autonomy in 1996, which relied on a statistical model called Bayesian inference, named after a theorem developed by the 18th century statistician Thomas Bayes. (Lynch's luxury yacht was christened the "Bayesian.")

The company tapped into the growing need of businesses to sort through and find information within the vast reams of data created by the increasing use of computers and digital documents.

Autonomy's steady growth during its first decade resulted in Lynch being awarded one of the U.K's highest honors, the Office of the Most Excellent Order of the British Empire in 2006.

Lynch told The Guardian in 1997 that people didn't quite believe that a growing tech business could emerge from the U.K. 

"I have actually heard the comment, 'England, software? I thought you made bone china,'" he told the newspaper. 

What happened after Autonomy's acquisition by HP?

At first, HP celebrated the purchase as a huge coup that would propel the Palo Alto, California, company down a promising new path, but then quickly came to regret it under then-CEO Meg Whitman.

HP claimed it found accounting irregularities, and the company ended up recognizing $8.8 billion in losses in the Autonomy deal. Whitman eventually fired Lynch in 2012, while also laying off thousands of workers as HP's fortunes sagged. 

Throughout the past 12 years, Lynch rejected the allegations. He told the Wall Street Journal in 2012 that he was "ambushed" by the claims, which he described as "completely and utterly wrong."

What happened with Mike Lynch's legal case?

Lynch maintained his innocence while testifying earlier this year before a jury during a 2 1/2 month trial in San Francisco. U.S. Justice Department prosecutors called more than 30 witnesses in an attempt to prove allegations that Lynch engaged in accounting duplicity that bilked billions of dollars from HP.

The jury, as noted above, delivered not-guilty verdicts in June, vindicating Lynch, who pledged to return to the U.K. and to find new ways to innovate. 

Who is Mike Lynch's wife? 

Mike Lynch is married to Angela Bacares, who is one of the people rescued from the Mediterranean after the yacht sank. Lynch and Barares have two daughters. One of them, Hannah, 18, is among the missing, according to the BBC. 

Bacares, 57, owns shares in Darktrace, a British cybersecurity company she and Lynch co-founded, the Sun noted . She sat in the front row of the courtroom during her husband's trial, but generally has preferred to stay out of the public eye, the Times of London reported in July.

"We made the decision that Angela would not be involved in the case. She stayed completely separate. Her focus was the family and children," Lynch told the Times last month.

— With reporting by the Associated Press.

Aimee Picchi is the associate managing editor for CBS MoneyWatch, where she covers business and personal finance. She previously worked at Bloomberg News and has written for national news outlets including USA Today and Consumer Reports.

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Who Was on the Sunken Yacht? Tech Mogul Mike Lynch, His Family and Friends.

Mr. Lynch, the former chief executive of the software firm Autonomy, who was acquitted on fraud charges in June, was with friends and family when the yacht went down in a severe storm.

• Share full article

By Michael J. de la Merced

Michael de la Merced reported on Mike Lynch’s career and legal battles over the course of 13 years across two continents.

A cruise on the Mediterranean Sea aboard a superyacht was supposed to be a celebratory event for the British tech entrepreneur Mike Lynch , who was acquitted in June of fraud charges tied to the sale of his company, Autonomy, to the tech giant Hewlett-Packard.

Instead, it turned into a disaster after the yacht, a 180-foot boat called the Bayesian, sank off the coast of Sicily in a violent storm. Of the 22 people aboard, 15 were rescued and seven others died . Search operations ended on Friday after the final body was recovered from the site of the sunken yacht .

Here’s what we know about the passengers.

Mike Lynch and his family

Mr. Lynch, 59, is a British software entrepreneur who had once been described as his country’s Bill Gates. He founded the software firm Autonomy, which analyzed clients’ unorganized data, and turned it into one of the most prominent British technology companies of its time. He became a widely known corporate leader, who advised David Cameron, the British prime minister at the time, and joined the board of the BBC.

In 2011, Mr. Lynch sold Autonomy to Hewlett-Packard for $11 billion, which was far above its market value, earning him hundreds of millions. But HP investors almost immediately soured on the transaction, and the American tech giant quickly fired its chief executive — and then Mr. Lynch.

HP later accused Mr. Lynch of misleading it about the state of Autonomy’s business, setting off a decade-long legal ordeal for the British executive, who denied the accusations. U.S. prosecutors charged him and other executives with fraud, and Autonomy’s chief financial officer was convicted in 2018.

Despite appeals to the British government, Mr. Lynch was extradited to the United States last year and was confined to a townhouse in San Francisco ahead of his criminal trial, which began in March. Facing the possibility of decades in prison if convicted, Mr. Lynch and another colleague were instead acquitted of all charges.

An official in Palermo, Sicily’s capital, said on Thursday that Mr. Lynch’s body had been recovered. His wife, Angela Bacares, 57, accompanied him on the yacht, and she was rescued on Monday when it sank. She was a consistent presence at his trial in the United States. Records show that she controlled Revtom, the company listed as the owner of the Bayesian.

The body of Hannah Lynch , Mr. Lynch and Ms. Bacares’s 18-year-old daughter, was thought to be recovered on Friday.

The other guests

Jonathan Bloomer, 70, chair of Morgan Stanley’s international arm and the chairman of Hiscox, an insurance provider that trades on the London Stock Exchange, was on the yacht when it sank, along with his wife, Judy Bloomer, 71. Their bodies are thought to be among those recovered, but Italian authorities have not identified them.

Christopher J. Morvillo, 59, a New York-based partner at the international law firm Clifford Chance, was also on the yacht. A former federal prosecutor who comes from a family of prominent lawyers, Mr. Morvillo represented Mr. Lynch during his criminal trial in San Francisco. His wife, Neda, 57, was with him on the yacht. Their bodies are also assumed to be among those recovered.

“We are in shock and deeply saddened by this tragic incident,” a representative of Clifford Chance said in a statement.

Surviving passengers rescued from the yacht include Charlotte Golunski, a partner at Mr. Lynch’s venture firm, Invoke Capital; Ms. Golunski’s husband, James Emslie; and their one-year-old daughter Sophie. Also rescued were Ayla Ronald, a lawyer at Clifford Chance, and her partner, Matthew Fletcher.

The yacht had a crew of 10, and nine were rescued. The body of the chef, Recaldo Thomas, was recovered from the water, the Sicilian Civil Protection Department said.

Elisabetta Povoledo contributed reporting, and Kitty Bennett and Susan Campbell Beachy contributed research.

Michael J. de la Merced has covered global business and finance news for The Times since 2006. More about Michael J. de la Merced

Body of British tech magnate Mike Lynch recovered from sunken superyacht as search enters final stages

PORTICELLO, Italy — The body of British tech magnate Mike Lynch was recovered from the wreck of a superyacht that sank off Sicily , a source familiar with the matter told CNBC on Thursday.

The source said rescuers were still searching for Lynch’s 18-year-old daughter, Hannah, the l ast p er son missing from the luxury boat , which went down in what authorities said was a freak storm early Monday.

A massive search effort was launched, and four bodies were recovered from the 180-foot Bayesian on Wednesday after an operation hampered by the depth to which the wreck had sunk and the debris that blocked divers’ path through its narrow passages.

Salvatore Cocina, head of Sicily’s civil protection agency, confirmed to NBC News on Thursday morning that a fifth body had been recovered. And hours later, CNBC reported that the body of Lynch, regularly described in U.K. media as “Britain’s Bill Gates,” was among them.

The U.K.'s Royal Academy of Engineering said Thursday morning that it was “deeply saddened to learn of the death of Mike Lynch,” who is one of its fellows. “Our thoughts are with his family and friends at this time,” the academy said in a statement on X .

The others missing were Lynch's associates, who had successfully defended him in a blockbuster U.S. fraud trial earlier this summer: Jonathan Bloomer, chairman of Morgan Stanley International and the British insurance firm Hiscox, and his wife, Judy; and a well-known New York City defense attorney, Christopher Morvillo, and his wife, Neda.

The body of Recaldo Thomas, a Canadian Antiguan national who was the ship’s cook, was recovered shortly after the accident Monday. 

Fifteen of the 22 people onboard survived.

Waves gently crashed against the rocks of Porticello, a port near the Italian island’s main city, Palermo, with the sea calm as rescuers brought ashore green body bags Wednesday — a stark contrast to just three days ago, when officials believe the yacht was hit by a tornado over the water, known as a waterspout.

The vessel was anchored about a half-mile offshore when it sank, leaving divers to search its hull on the seabed 164 feet underwater.

The dock has swarmed for days with journalists, photographers and curious onlookers taking photos with their smartphones as rescue teams traveled to and from the site of the wreck.

Claudio Lavanga reported from Porticello and Yuliya Talmazan from London.

Claudio Lavanga is Rome-based foreign correspondent for NBC News.

Yuliya Talmazan is a reporter for NBC News Digital, based in London.

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• 2,127 sqft 2,127 square feet
• 1,124 sqft lot 1,124 square foot lot

$905K in 2024

Property details

Enjoy island life living in this beautiful newly updated end unit waterfront townhome. Tranquil views of the bay, Grand Canal, Marina and Residence Inn. Quick access to the ocean with your deeded 50' boat slip and newer 13, 000 lb lift, a boaters paradise. Enjoy your morning coffee on the balcony ov erlooking the large cove and watch the dolphins, manatee and birds that visit daily. This beautifully updated townhome features all new wood look porcelain tile throughout, new paint, trim, ceiling fans and lights. plantation shutters, quartz countertops, kitchenaid appliances, induction cooktop, all bathrooms updated. An electric fireplace with marble ledger surround for those cooler evenings The owners love the side windows for watching the boats in the Grand Canal, the stunning sunsets and the pedestrians on the Pinellas trail. Private driveway with 3 car tandem garage plus large carport Palms of Tierra/ Yacht Club is one of the few communities on the island allowing larger dogs. The community has plans for new landscaping and dock repairs for this year. Show less

Property features

• Bedrooms: 3
• Primary Bedroom Level: Third

Other Rooms

• Total Rooms: 3
• Great Room Level: Second
• Total Bathrooms: 3
• Full Bathrooms: 3

Interior Features

• Ceiling Fans(s)
• Eat-in Kitchen
• Kitchen/Family Room Combo
• Open Floorplan
• PrimaryBedroom Upstairs
• Skylight(s)
• Solid Surface Counters
• Vaulted Ceiling(s)
• Window Treatments
• Furnished Description: Furnished
• Flooring: Tile
• Window Features: Shutters
• Built-In Oven
• Electric Water Heater
• Exhaust Fan
• Refrigerator
• Laundry Features: Laundry Closet

Heating and Cooling

• Cooling Features: Central Air
• Heating Features: Central

Kitchen and Dining

• Kitchen Level: Second

Exterior and Lot Features

• Road Surface Type: Asphalt

Waterfront and Water Access

• Water Features: Gulf/Ocean
• Canal - Saltwater

Garage and Parking

• Attached Garage: Yes
• Carport Spaces: 1
• Garage Spaces: 3
• Lot Size Acres: 0.0258035
• Lot Size Square Feet: 1124

Homeowners Association

• Association: Yes
• Association Fee: 529
• Association Fee Frequency: Monthly
• Association Fee 2: 136
• Association Fee 2 Frequency: Annually
• Association Fee Includes: Cable TV, Common Area Taxes, Pool, Escrow Reserves Fund, Maintenance Structure, Maintenance Grounds, Maintenance, Management, Pool, Recreational Facilities, Water
• Calculated Total Monthly Association Fees: 540
• Association Name: Resource Property Management Susan Poirer
• Pets Allowed: Cats OK, Dogs OK
• Pet Description: Pet Restrictions: up to 2 pets allowed, max weight 100 lbs each, Number Of Pets: 2

Rental Info

• Lease Term: Minimum Lease: 1-2 Years

Amenities and Community Features

• Community Features: Buyer Approval Required, Clubhouse, Community Mailbox, Fitness Center, Pool, Sidewalks, Tennis Courts

Other Property Info

• Community Association WaterFeatures
• Annual Tax Amount: 6303
• Source Listing Status: Closed
• County: Pinellas
• Directions: Head South on Pinellas Bayway. At the traffic circle, continue straight onto Pinellas Bayway S. Turn left onto Yacht Club Ln. Unit is first end unit on the left # 105
• Tax Year: 2022
• Ownership: Fee Simple
• Source Property Type: Residential
• Area: 33715 - St Pete/Tierra Verde
• Property Subtype: townhouse
• Source Neighborhood: PALMS OF TIERRA
• Parcel Number: 20-32-16-65905-002-0010
• Postal Code Plus 4: 1987
• Subdivision: PALMS OF TIERRA
• Township: 32
• Zoning: RM-15
• Property Subtype: Townhouse
• Source System Name: C2C

Building and Construction

• Total Square Feet Living: 2127
• Year Built: 1998
• Building Area Source: Public Records
• Building Area Total: 2127
• Building Name: YACHT CLUB
• Construction Materials: Block, Wood Frame
• Direction Faces: South
• Foundation Details: Slab
• Levels: Three Or More
• Property Age: 26
• Roof: Shingle
• Sewer: Public Sewer
• Cable Connected
• Electricity Connected
• Water Source: Public

Find out more about this property.

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The following table summarizes the chart by comparing the earliest historic estimate, last year's estimate, and a forecasted projection to this month's current estimate for each valuation provider.

Our home values come from independent valuation providers, whose solutions are used by many financial institutions, insurance companies, and real estate agents. Each valuation provider applies a unique approach and methodology resulting in a range of values that consumers can use as a starting point for discussions with a real estate agent.

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Facts about 105 yacht club ln.

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is located in neighborhood in the city of Tierra Verde, FL.

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See 105 Yacht Club Ln, Tierra Verde, FL 33715, a townhome. View property details, similar homes, and the nearby school and neighborhood information. Use our heat map to find crime, amenities, and lifestyle data for 105 Yacht Club Ln. The property-related information displayed on this page is obtained from public records and other sources.While such information is thought to be reliable, it is not guaranteed and should be independently verified. Properties labeled Not for Sale are classified as such either because we do not have a record of such properties currently being for sale or because we are not permitted, by contract, law, or otherwise, to designate such properties as currently for sale. For the most accurate and up to date status of this or any other property, please contact a REALTOR®.

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