Broadcom Co-Founder Indicted on Cocaine, Ecstasy, Meth and Fraud Charges

[babylonsister]

Broadcom co-founder faces drug, securities charges

Broadcom co-founder Henry Nicholas indicted on drug charges, securities fraud

GILLIAN FLACCUS
AP News

Jun 05, 2008 14:57 EST


Broadcom Corp. co-founder Henry T. Nicholas III was indicted Thursday on fraud, conspiracy and drug charges — including allegations he spiked the drinks of technology executives and customer representatives with ecstasy and maintained a warehouse for ecstasy, cocaine and methamphetamine.

The charges were contained in two indictments unsealed by federal authorities.

One details the drug accusations and the other charges Nicholas with violations related to improperly accounting for backdating stock options while he led the computer and cell phone chip maker.

That indictment also names Broadcom's former chief financial officer, William J. Ruehle, who faces conspiracy, securities fraud and other charges. He is not charged with drug violations.

Thom Mrozek, spokesman for the U.S. Attorney's office, said Nicholas was in custody after turning himself in to FBI agents in Santa Ana.

Nicholas and Ruehle were scheduled to appear in court later Thursday.

Nicholas faces a total of 21 counts on both indictments. The drug indictment charges Nicholas with conspiracy to distribute and acquire controlled substances but provides few details.

more...

http://talkingpointsmemo.com/news/2008/06/broadcom_cofounder_faces_drug.php

[orwell]

1. Holy Crap...

Who'd a thunk it. These are some big fish...

[Prefer]

2. what is it like when you take extasy?

[babylonsister]

3. Ya got me; that's one I managed to avoid. nt

[RadiationTherapy]

4. Overwhelming sense of goodwill and "love". Heightened body sensation.

Big grins and shallow thoughts.