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by marv from West Hollywood

Last Post 30 days, 14 hours Ago


Broadcom, Henry Nicholas
Jun 5, 2008 | 2:30 PM
Category: News
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Nicholas, 48, served as CEO and president from Broadcom's inception until he resigned in 2003.  the guy is a smart dude who knows about electronic circuit boards and integrated circuits.  he is my age. 

I feel this is another example of govt employees getting a scent of excitement.  the fraud accounting statements i view as serious crime if true.   the drugs charges are not cool in my view.

Indicted on Thursday, June 5  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. charges were contained in two indictments unsealed by federal authorities.

One indictment  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.

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Moogie read my blog view my photos
Jun 5, 2008 | 6:23 PM

Marv, I agree the government was probably "piling on" charges, but they really want something to stick. A person of his ilk, who would defraud on paper, is probably not a person you want to have coffee with. And consider the ethics. This guy was not a casual user of something non addictive, like marijuana (OK some will disagree with the "non addictive"), nor was he prescribed these drugs. If the allegations are true, he victimized people by spiking their drinks. I do not have a drug-using mentality, so I regard that as a serious violation of a person.

I want to know what "warehousing his supply" means. Was it in someone's garage? A self-storage unit? A hangar at the airport? A locker at the gym? "Warehousing" brings to mind a significant supply, but it could just be wordplay.
Abe_Oltulever read my blog
Jun 9, 2008 | 5:51 PM

marv, i agree the govt employees are being pricks. seems that in August 2007 Nicholas attorney Susan Szabo of Munger Tolles & Olson wrote e-mails and faxes to YouTube and parent Google (GOOG) demanding they take down a video of Nicholas, which, she said, invaded his privacy.

A YouTube support rep e-mailed Szabo back explaining that the company couldn’t process a privacy complaint “based on what a video ‘purports’ to portray,” so he invited her to confirm that the video really did show her client in a private setting without his consent.

Szabo complied: “I can confirm that the video portrays my client and that the video was taken surreptitiously in his bedroom, without his knowledge and consent, and that any distribution of the video is without his consent.”

Now, in a motion asking that Nicholas be detained pending his trial on the two indictments, the government cites the video - which, it claims, shows Nicholas using drugs at a time when he knew the government was investigating him and when he was publicly denying drug use to the media - as tending to show that Nicholas presents a risk to the community and a flight risk. Prosecutors write: “There can be no doubt it was defendant in the video as his attorneys sent an e-mail and letter to YouTube confirming that the person in the video using drugs is, in fact, defendant.” (The judge ultimately ordered certain “home detention” measures for Nicholas.)

An e-mail to attorney Szabo was not immediately returned. Nicholas’s criminal defense attorney, Brendan Sullivan, wrote: “I adhere to a policy that I should not discu
Abe_Oltulever read my blog
Jun 9, 2008 | 5:53 PM

Nicholas’s criminal defense attorney, Brendan Sullivan, wrote: “I adhere to a policy that I should not discuss matters in litigation.”

The government’s 18-page detention motion, with 100 pages of appended exhibits, also levels a variety of other unflattering accusations beyond those already contained in the indictments. During a June 2007 flight on one of his private jets, for instance, Nicholas allegedly accused a “longtime friend, personal attorney, and employee” of wearing a “wire”; threatened to “chase him to the ends of the earth” if the friend “screwed” him; and then struck the friend in the face, causing him to fall to the ground.

The papers also allege that in November 2007 Nicholas, while driving with his son, crashed his black Lamborghini into a lamp post while returning from a Shake Shack. He switched cars with a security staffer in his convoy and then left the scene while the staffer waited for the police and took the rap. Through an attorney, Nicholas later admitted to local police that he’d been driving the Lamborghini, but claimed that the security staffer had suggested Nicholas drive home for “security reasons,” and that Nicholas had never intended that the staffer take responsibility for the crash. (The staffer, according to prosecutors, has refused to testify about the incident notwithstanding an immunity order, and is currently incarcerated on contempt charges.)
Moogie read my blog view my photos
Jun 10, 2008 | 7:10 PM

Brandon Sullivan is not a potted plant !
marv read my blog view my photos
Jun 11, 2008 | 8:16 AM

yeah, did you read the article in today's (wed June 11, 2008) Wall Street Journal? underground huge addition to the personal residence!
Isaac_Seymour view my photos
Jun 12, 2008 | 7:52 AM

How far has Dr. Henry T. Nicholas III, the billionaire co-founder of Broadcom Corp., fallen?

Federal prosecutors argued that Nicholas should be locked up while he awaits trial on drug and options backdating charges, calling him a "danger to the community."

U.S. Magistrate Judge Arthur Nakazato ordered Nicholas to post a $3.4 million bond from real estate assets of friends and family, including his mother's $2.1 million home in Malibu.

For now, Nicholas is finishing up rehab at Cliffside Malibu, where he transferred from Betty Ford in May. The defense team provided a sample Cliffside treatment schedule in their papers, arguing that he be released on bond: On Wednesday, Nicholas might have begun his day at 7 a.m. with a community meeting, had "Life Coaching with Sherry" at 10, moved on to "Boundary Power with Robyn at 1 p.m., then on to yoga and "Recovery Group with Denny."

Once Nicholas finishes rehab, he will be in home confinement at the two-story Tuscan-style villa in Laguna Hills, originally built for the owners of St. John, the luxury brand for whom Angelina Jolie is a signature model. "It's nice to have a house like this, but it really isn't happiness," Nicholas told the Orange County Register in an August 2007 profile.

Not happiness, indeed. His "home detention" to the Newport Coast villa includes "active electronic monitoring." The judge also ordered this requirement: "Defendant shall come in for drug testing on random basis at courthouse or other location deemed appropriate." He will be back in court for an arraignment hearing on June 16.

Nicholas
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marv

I was born on a cold winter morning in 1960. When Palestinians began hijacking airplanes forty years ago I was disappointed by the US leadership in dealing with the barbarian habit. I admire President GW Bush for leading US into Iraq. I feel our military forces will be given authorization to rid the barbarians.

Member Since: 3/25/2007


 

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