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Indictment: Broadcom ex-CEO built drug warehouse

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posted on Jun, 6 2008 @ 12:24 PM
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Indictment: Broadcom ex-CEO built drug warehouse


www.kcbs.com

Federal prosecutors may have charged Broadcom co-founder Henry T. Nicholas III in one of the largest stock-option backdating cases in U.S. history, but it was allegations that the billionaire drugged his business cohorts, hired prostitutes and maintained a drug warehouse that grabbed headlines.

Defense attorney Gregory Craig said that Nicholas was innocent and would prevail.

The drug charges carry a maximum combined sentence of 20 years in prison. He could face up to 340 years in prison...
(visit the link for the full news article)


Related News Links:
www.broadcom.com




posted on Jun, 6 2008 @ 12:24 PM
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This is kind of a creepy story.

This guy seems to have been living it up in the basement for quite some time, yet the drug and prostitution charges came as a surprise to him. The false filings with the SEC are what really will cost him if they stick. Broadcom is a pretty major company to have this high level a meltdown in public. Dr. Nicholas and Co. may be made an example of.

www.kcbs.com
(visit the link for the full news article)



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