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 Send to email | Billionaire Broadcom (BCOM) Founder Indicted For Drugging Customers and "Warehousing" Ecstasy, Meth, and Cocaine. And Stock-Option Backdating in General |  By Silicon
el 05-Jun-2008 |
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 Broadcom's founder is in a heapload of trouble. AP:
A founder of the Broadcom Corporation, Henry T. Nicholas III, was indicted Thursday on fraud, conspiracy and drug charges - including accusations that he spiked the drinks of colleagues and customers with ecstasy and maintained a warehouse for ecstasy, cocaine and methamphetamine. In addition, he is accused of running a stock options backdating scheme.
The charges were contained in two indictments unsealed by federal authorities.
One details the drug accusations and the other accuses Mr. Nicholas of improper accounting in the backdating stock options while he led the company, a computer and cellphone 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 United States Attorney's office, said Mr. Nicholas was in custody after turning himself in to FBI agents in Santa Ana.
Henry is No. 258 on Forbes' billionaire list.
Photo: Forbes
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| Pixar Backdating Scandal Reverberates At Google (GOOG) | | Remember the big backdating scandal of, um, 2005 and 2006? It hasn't gone away. And it's touching companies that have so far remained unscathed: Today Google disclosed that board member Ann Mather is about to face civil charges from the SEC relating to backdating violations at Pixar, where she was CFO.
On April 23, 2008, Ann was advised by the staff of the Los [..] Read complete article | | Published 28-Apr-2008 by Silicon in SECAAPL
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| Nerdblog | Blogger | Provides news about hardware, software, notebooks, laptops, PCs, Mac, PDAs
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| David Kernell indicted; faces five years in prison for accessing Palin?s email | | The saga continues. David Kernell, University of Tennessee student and son of Tennessee Democratic state representative Mike Kernell, has now been indicted by a grand jury in Knoxville Tennessee. What started as a prank that Kernell laughingly bragged about in an online forum has now become a nightmare that may land the 20-year-old in prison. [...] [..] Read complete article | | Published 08-Oct-2008 by Zach Epstein in NewsDavidEmailhackKernellMcCainMichaelPalinSarahYahoo
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