Broadcom Founder Indicted For Backdating, Drugs

Law360, New York (June 5, 2008, 12:00 AM EDT) -- The co-founder of Broadcom Corp. has been charged in two separate indictments alleging he engaged in a massive stock options backdating scheme at the California tech company by day, and spiked the drinks of industry executives with ecstasy by night.

Federal prosecutors said the grand jury indictments were unsealed after Dr. Henry T. Nicholas III surrendered to FBI agents Thursday.

The U.S. Attorney's Office for the Central District of California said Nicholas and Broadcom's former chief financial officer William Ruehle were charged with 21 counts in...
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