Mike Lynch, the British tech entrepreneur known for founding Autonomy, has been confirmed dead after his luxury yacht, Bayesian, sank in a storm off Sicily while he was celebrating his recent acquittal from a high-profile fraud case. The yacht capsized during a violent waterspout, leading to the deaths of at least five individuals, including Lynch and Morgan Stanley chairman Jonathan Bloomer, while his 18-year-old daughter Hannah remains missing. Lynch's legal troubles stemmed from a disastrous 2011 sale of Autonomy to Hewlett-Packard for $11 billion, which resulted in HP writing down $8.8 billion and Lynch facing criminal charges. Although he was acquitted less than two months ago, he was still engaged in a civil lawsuit regarding the transaction. The yacht was carrying 22 people, with 15 survivors rescued, and an investigation into the incident is ongoing. Survivors have recounted harrowing experiences as the yacht sank, including a brave mother who saved her baby from drowning.