Silicon Valley's next great fraud trial begins

The big picture: Buying Autonomy might have been the worst of HP's many disastrous deals, resulting in an $8.8 billion write-down and setting the stage for its 2016 breakup.

Behind the scenes: Prosecutors allege that Lynch and a colleague inflated Autonomy's revenue, thus tricking HP.

• Lynch has long argued that HP and its former CEO Meg Whitman bungled Autonomy post-acquisition, but neither he nor other former Autonomy executives have gotten U.S. or U.K. courts to agree in prior civil and criminal cases.
• He also raised around $1.2 billion for a venture capital fund called Invoke Capital after being fired by HP, and was extradited to the U.S. last spring.

The bottom line: If found guilty, Lynch could be sentenced to prison.