Autonomy paid its own customers to pump up revenues, claims HPE

Autonomy paid its own customers to pump up revenues, claims HPE

5 years ago
Anonymous $Dftgs0JzgE

https://www.theregister.co.uk/2019/03/25/autonomy_paid_own_customers_boost_revenues_hpe_lynch_hussain_trial/

Autonomy Trial Mike Lynch's Autonomy Corporation pumped up its value by paying its own customers to buy its products so Autonomy could inflate its accounts, London's High Court was told this morning.

Laurence Rabinowitz QC, counsel for HPE, told Mr Justice Hildyard that under Lynch and former CFO Sushovan Hussain, Autonomy "engaged in a programme of widespread and systematic fraudulent accounting".