Feeds

Henry Nicholas III pleads not guilty to options, drugs charges

Wanna hear the indictment again? Nah

Remote control for virtualized desktops

Henry Nicholas III pleaded not guilty yesterday to a stack of charges ranging from stock options backdating to distributing illegal drugs.

Nicholas, 48, entered his pleas at the Federal Court in Santa Ana, California yesterday. He will return to face trial on July 29, and in the meantime is free on bail.

According to reports, Broadcom co-founder and former CEO Nicholas waived reading of the two sets of indictments he faces “with an emphatic, ‘No thank you’”.

Perhaps he simply didn’t have time to listen to the rundown of the astonishing list of charges he faces.

One indictment relates to alleged illegal stock-option backdating, which forced Broadcom to restate its results to the tune of $2.2bn.

The second indictment contained an array of allegations against Nicholas including distributing drugs from his various homes, supplying controlled substances to prostitutes, and spiking customer and employee drinks with ecstasy. If you really want the full breakdown of the drugs-related indictment, it’s available here (pdf).

Former Broadcom CFO Bill Ruehle also faces the backdating charges. He too entered a not guilty plea yesterday, and like Nicholas is on bail until the start of the trial. ®

Intelligent flash storage arrays

More from The Register

next story
Bladerunner sequel might actually be good. Harrison Ford is in it
Go ahead, you're all clear, kid... Sorry, wrong film
Euro Parliament VOTES to BREAK UP GOOGLE. Er, OK then
It CANNA do it, captain.They DON'T have the POWER!
Musicians sue UK.gov over 'zero pay' copyright fix
Everyone else in Europe compensates us - why can't you?
I'll be back (and forward): Hollywood's time travel tribulations
Quick, call the Time Cops to sort out this paradox!
Megaupload overlord Kim Dotcom: The US HAS RADICALISED ME!
Now my lawyers have bailed 'cos I'm 'OFFICIALLY' BROKE
Forget Hillary, HP's ex CARLY FIORINA 'wants to be next US Prez'
Former CEO has political ambitions again, according to Washington DC sources
prev story

Whitepapers

10 ways wire data helps conquer IT complexity
IT teams can automatically detect problems across the IT environment, spot data theft, select unique pieces of transaction payloads to send to a data source, and more.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
How to determine if cloud backup is right for your servers
Two key factors, technical feasibility and TCO economics, that backup and IT operations managers should consider when assessing cloud backup.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Choosing a cloud hosting partner with confidence
Download Choosing a Cloud Hosting Provider with Confidence to learn more about cloud computing - the new opportunities and new security challenges.