Feeds

Henry Nicholas III pleads not guilty to options, drugs charges

Wanna hear the indictment again? Nah

The Power of One Infographic

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. ®

Boost IT visibility and business value

More from The Register

next story
Yorkshire cops fail to grasp principle behind BT Fon Wi-Fi network
'Prevent people that are passing by to hook up to your network', pleads plod
UK government officially adopts Open Document Format
Microsoft insurgency fails, earns snarky remark from UK digital services head
Major problems beset UK ISP filth filters: But it's OK, nobody uses them
It's almost as though pr0n was actually rather popular
HP, Microsoft prove it again: Big Business doesn't create jobs
SMEs get lip service - what they need is dinner at the Club
ITC: Seagate and LSI can infringe Realtek patents because Realtek isn't in the US
Land of the (get off scot) free, when it's a foreign owner
MPs wave through Blighty's 'EMERGENCY' surveillance laws
Only 49 politcos voted against DRIP bill
Help yourself to anyone's photos FOR FREE, suggests UK.gov
Copyright law reforms will keep m'learned friends busy
prev story

Whitepapers

Designing a Defense for Mobile Applications
Learn about the various considerations for defending mobile applications - from the application architecture itself to the myriad testing technologies.
How modern custom applications can spur business growth
Learn how to create, deploy and manage custom applications without consuming or expanding the need for scarce, expensive IT resources.
Reducing security risks from open source software
Follow a few strategies and your organization can gain the full benefits of open source and the cloud without compromising the security of your applications.
Boost IT visibility and business value
How building a great service catalog relieves pressure points and demonstrates the value of IT service management.
Consolidation: the foundation for IT and business transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.