Agile backdating

Posted by / 22-Apr-2019 14:39

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The charges say he “spiked the drinks of others with MDMA (ecstasy) without their knowledge, including, without limitation, the drinks of technology executive and representatives who worked for Broadcom’s customers” and that he “hired prostitutes and escorts for himself and customers, representatives and associates of Broadcom and other business entities with which he was affiliated and supplied such prostitutes and escorts with controlled substances.” The indictment reads like a Dragnet-style PI’s report of dates and places and says at one point that the marijuana smoke on a private plane flight in 2001 was so dense the pilot had to put on an oxygen mask.

Broadcom’s other co-founder Henry Samueli stepped down as chairman last month because of civil charges and its general counsel David Duff and former CFO William Ruehle are also up to their neck in trouble.

Broadcom co-founder and ex-CEO Henry Nicholas, 48, whose last reported whereabouts was in rehab for alcoholism, was busted Thursday after two grand jury indictments were unsealed.

One accuses him of a raft of titillating drug charges; the other of backdating-related securities and wire fraud, false certification of financial reports, filing false statements with the SEC and conspiracy.

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