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henry t. nicholas iii

Lurid charges dropped in Broadcom founder case

Salacious charges in a federal case against Henry T. Nicholas III, co-founder and former CEO of chip giant Broadcom, have been dropped, bringing the scandal-packed case to a close.

On Thursday, a judge threw out the remaining charges against Nicholas, granting a request by the prosecutor to dismiss drug-trafficking counts, according to a report in the Los Angeles Times. This comes after the judge dismissed criminal charges connected to stock-option backdating against Nicholas and co-founder Henry Samueli.

Nicholas was indicted in 2008 on charges that he had provided cocaine and Ecstasy to friends and business associates. One of the more … Read more

Former Broadcom CEO indicted on conspiracy, drug charges

Broadcom co-founder and former CEO Henry T. Nicholas III is facing two federal indictments that allege conspiracy and securities fraud related to options backdating, as well as numerous drug violations.

The federal indictments, unsealed on Thursday, include a total of 25 counts against Nicholas. According to an Associated Press report, the charges include conspiracy, securities fraud, false certification of financial reports, filing false statements with the U.S. Securities and Exchange Commission, wire fraud, and conspiracy to distribute and acquire controlled substances.

The indictment also names Broadcom's former chief financial officer, William J. Ruehle, who faces conspiracy, securities fraud, … Read more