Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

Thursday, June 5, 2008

Broadcom Co-Founder Indicted on Backdating and Drug Charges

Federal officials unsealed two indictments of Broadcom co-founder Henry T. Nicholas III.  One relates to securities fraud violations in connection with the company's backdating options scandal.  The other indictment charges Nicholas with conspiracy to distribute and acquire controlled substances, including ecstasy, cocaine and methamphetamine, which he allegedly used to spike the drinks of employees and customers.  Nicholas resigned as CEO in 2003.  WSJ, Broadcom Ex-Chief Nicholas Faces Fraud, Drug Charges.

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