Nicholas III. Photo: AP Broadcom co-founder Henry T. Nicholas III has pleaded not blameworthy to federal narcotic and shelter deceit charges. The 48-year-old billionaire entered the suit to 21 calculate contained in two indictments unsealed on Jun 5. Solitary indictment fact what dominion assert was single of the largest stock-option backdating box in US narration while Nicholas led the titan pc splinter company.

The other accuses of him of drugging his line cohorts, hiring trollop and maintaining a drug warehouse. Prior Broadcom CFO William J. Ruehle pleaded not culpable to 21 protection sharp practice burden at the Monday hearing. A check hour was fix representing The middle of summer 29. Both men at the end chargeless on bond.

The weight against Nicholas depict a high-flying lifestyle that prosecutors said featured the previous CEO jetting approximately the macrocosm in his two confidential planes, construction a shrouded earth covered by his apartment and hiring strippers to aggregation at a undisclosed store stocked with cocaine, methamphetamine and ecstasy.

Endure month, safe keeping regulators designated in a lay make appropriate that Ruehle, Nicholas, Broadcom co-founder Henry Samueli and Broadcom typical info David Stupid falsified the company's reported income, meaningful to what is believed to be the largest-ever accounting restatement affiliated to wrong accounting championing backdated inventory options.

Broadcom had to restate its fiscal end result in Jan 2007 as of the plan and reported else than $2 billion in compensation outgoings it hadn't accounted for. Nicholas served as CEO and head of the state from Broadcom's inception until he resigned in 2003.

Ruehle, 65, joined the corporation in 1997 as vice-president and manager economic public official and retired in 2006. Samueli stepped down as chairman of the company's scantling of principal and deliberate to catch a permit of non-appearance as chief technology officer, according to a May allegation from the Irvine-based company.

Don't absent oneself from your costless reusable impulse redemptory refresher stickers, one shot with The Sun-Herald this Sunday. 300 437 AP http: www.smh.com.au ffximage 2008 06 17 th modern nic index-thumb 60x40.jpg 60 40 http: www.smh.com.au ffximage 2008 06 17 henrytnicholas syndicated 294x430.jpg Henry T. The Sydney Forenoon Herald.

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