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Broadcom Billionaire Nicholas Indicted for Drugs Charges - Including Slipping Ecstasy into Employees Drinks!

posted 10:52 PM EST, Thu June 05, 2008
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Broadcom Billionaire Nicholas Indicted for Drugs Charges - Including Slipping Ecstasy into Employees Drinks! © Photo: Hector Garcia

Henry Nicholas faces as many as 370 years in federal prison if convicted on all financial and drugs charges arrayed against him. He surrendered to FBI agents today.

Broadcom co-founder, the billionaire executive Henry Nicholas, was indicted today on federal charges relating to the financial manipulation of stock option backdating – and more shockingly, he was also charged with a slew of drugs offenses including spiking his employees drinks with ecstasy and maintaining a secret warehouse filled with narcotics.

Nicholas's lawyer had no comment after his client's surrender to FBI officials in Washington today. If convicted on all charges he faces a maximum possible sentence of 370 years in prison.

Court documents unsealed today allege that the 48 year old billionaire:

Doctored his employees drinks with narcotics

Maintained properties for the storage of cocaine, methamphetamine, ecstasy and prescription medications

Consumed so much marijuana on a flight between L.A. and Las Vegas, that the pilot was forced to breathe clean air through an oxygen mask

Constructed an underground "sex lair" at his Laguna California home, kept it secret from his wife and city officials, and then refused to pay the construction company that has built it millions of owed dollars. He is alleged to have resorted to death threats and intimidation to frighten away the company's owners.

Investors don't seem worried about his prospective incarceration though - traded shares of Broadcom rose 52 cents today.

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