Financial Times FT.com

Ex-Broadcom chief faces drugging charges

By Joanna Chung in Washington

Published: June 6 2008 00:15 | Last updated: June 6 2008 00:15

Broadcom’s former chief executive was indicted on Thursday on charges that accuse him of participating in a stock options backdating scheme and engaging in narcotics violations that included spiking an industry executive’s drink with ecstasy.

The federal indictment, unsealed in Los Angeles on Thursday, also accuses Henry Nicholas III – who co-founded Broadcom, a leading global supplier of wireless chips – with hiring prostitutes for himself and customers and supplying them with drugs.

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