HOW MIKE LYNCH SHIELDED HIS FAMILY FORTUNE FROM £700M FRAUD RULING
https://s.yimg.com/ny/api/res/1.2/aOsi7sRi42HbS5WFeASgOw--/YXBwaWQ9aGlnaGxhbmRlcjt3PTEyMDA7aD03NTA-/https://media.zenfs.com/en/the_telegraph_258/601d67b07f19b33379d91a90ca601ae4
✍️ Mike Lynch, a British software tycoon, had his wealth shielded in his wife's name, which may now protect her from legal repercussions after a court ruling ordered him to pay £740m in damages.
👉 Mike Lynch's wife, Angela Bacares, held a large portion of their fortune in her name. 👉 The court ruling ordered Lynch to pay £740m in damages, which would wipe out his estate. 👉 Bacares is sitting on a fortune worth hundreds of millions. 👉 The couple's personal assets, including their superyacht, were also held in Bacares' name.
-- #MikeLynch #AngelaBacares #SushovanHussain #ChrisMorvillo #RecaledoThomas #SanFrancisco #Sicily #Suffolk #London #business
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