MISSING British billionaire tycoon Mike Lynch's ex-colleague and co-defendant in his US fraud trial has died in hospital after being hit by a car, it has emerged. Stephen Chamberlain was fatally struck by the vehicle on Saturday morning and died yesterday, just hours before Lynch disappeared after a yacht he was sailing on sunk on Monday. 14 Stephen Chamberlain has died after being hit by a car 14 Chamberlain was involved in a fraud case in the US which concluded this year 14 British technology tycoon Mike Lynch is missing after the luxury yacht, Bayesian sank in bad weather off the coast of Sicily Credit: PA 14 Italian firefighters transport a body bag amid the search Credit: Reuters 14 The 'Bayesian' sailing boat, in Palermo, Sicily Credit: EPA 14 Chamberlain was flown to hospital following the incident in Cambridgeshire.
But it's understood his life support was switched off on Sunday. A source told The Telegraph: "Our dear client and friend Steve Chamberlain was fatally struck by a car on Saturday while out running. "He was a courageous man with unparalleled integrity, and we deeply miss him.
He fought successfully to clear his good name, which lives on through his wonderful family." Chamberlain, Autonomy's former vice president of finance, had faced the same US charges of fraud and conspiracy as his former boss Lynch for allegedly scheming to inflate the company's value before it was sold. Both had been acquitted of all charges by a jury in San Francisco in June.
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