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SANTA ANA, Calif. - Broadcom Corp. co-founder Henry T. Nicholas III was indicted Thursday on fraud, conspiracy and drug charges ââ¬â including allegations he spiked the drinks of technology executives and customer representatives with ecstasy and maintained a warehouse for ecstasy, cocaine and methamphetamine.
The charges were contained in two indictments unsealed by federal authorities.
One 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.
(If you can back date the options, you get to choose the best price to buy the stock before you have to sell it, that is one of the secrets on how the rich trade and get richer. Also, treating your customers to drugs seems to be good for business too.)
SANTA ANA, Calif. - Broadcom Corp. co-founder Henry T. Nicholas III was indicted Thursday on fraud, conspiracy and drug charges ââ¬â including allegations he spiked the drinks of technology executives and customer representatives with ecstasy and maintained a warehouse for ecstasy, cocaine and methamphetamine.
The charges were contained in two indictments unsealed by federal authorities.
One 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.
(If you can back date the options, you get to choose the best price to buy the stock before you have to sell it, that is one of the secrets on how the rich trade and get richer. Also, treating your customers to drugs seems to be good for business too.)