U.S wants Mike Lynch to pay back 800m of gains from selling Autonomy

[luisHK]

maybe I am really un infomred.... but how can USA press charges against a non-USA citizen?
does he live in USA? or work in USA?

Where have You been hiding for the last 50 years ?
Clearly not in the ecuadorian embassy...

 

[John9999]

haha... just answer the question. I am hiding here in the USA,,, and frankly, I would seriously consider leaving USA at some point. There is just too much "big brother" crap. And the state of our country is a mess.

 

[ironchef]

Call me stupid, but before I pay 11 B for a company, shouldn't I call out a mechanic to look at the engine instead of just kicking the tires?

The mechanic you hired worked for the seller?

 

[zdreg]

haha... just answer the question. I am hiding here in the USA,,, and frankly, I would seriously consider leaving USA at some point. There is just too much "big brother" crap. And the state of our country is a mess.

if you commit fraud against a US company your foreign residence or your foreign citizenship does not give you a free ride. extradition treaties will result in you being handed over to US authorities,

 

[zdreg]

"

I am hiding here in the USA,,, and frankly, I would seriously consider leaving USA at some point. There is just too much "big brother" crap. And the state of our country is a mess.

idiotic statement. you are not a serious person.

 

[John9999]

"
idiotic statement. you are not a serious person.

WOW,,, chill out.... okay.... maybe start with Gloing back to Texas and leaving California

 

[Sig]

maybe I am really un infomred.... but how can USA press charges against a non-USA citizen?
does he live in USA? or work in USA?

The guy sold his company to a U.S. corporation. Presumably the transaction took place in the U.S. and almost certainly some of the allegedly fraudulent accounting was passed off to HP in the U.S. You don't get to ignore the laws of a country you're in or doing business in just because you aren't a citizen of that country absent some pretty narrow diplomatic immunity and status of forces agreements. Neither of which would apply here. There is also this conncept of extradition treaties you might find interesting.

 

[helpme_please]

The guy sold his company to a U.S. corporation. Presumably the transaction took place in the U.S. and almost certainly some of the allegedly fraudulent accounting was passed off to HP in the U.S. You don't get to ignore the laws of a country you're in or doing business in just because you aren't a citizen of that country absent some pretty narrow diplomatic immunity and status of forces agreements. Neither of which would apply here. There is also this conncept of extradition treaties you might find interesting.

I agree. As long as American money has been cheated, the American government has a duty to punish whichever foreigner who did the cheating.

The question is ... if the fine is too heavy and foreigners perceive as they are being discriminated, it will affect future foreign investments. What that happens, it's going to be lose-lose in the long run.

 

[schweiz]

Call me stupid, but before I pay 11 B for a company, shouldn't I call out a mechanic to look at the engine instead of just kicking the tires?

Perrigo had the same problem a few years ago when they took over Omega Pharma for $4.5 billion. After the take over they had to write off $1.67 billion. They paid too much as there was much competition in the take over of Omega Pharma. And now they want the seller to pay for the stupidities of Perrigo.

Good financial auditors and accountants seem hard to be found in the US...