BUSINESS
September 4, 2009 | By E. Scott Reckard and Stuart Pfeifer
Newly released documents in the divorce proceedings of Broadcom Corp. co-founder Henry T. Nicholas III reveal harsh battles with his former wife, Stacey, over how to divide the couple's $1 billion in community property, his alleged drug use and her relationship with the family's former security chief. The documents show that Stacey Nicholas' recent efforts to force a trial to divide the estate have been complicated by the pending criminal prosecution of Henry Nicholas. Federal indictments have accused Nicholas of distributing illegal drugs to friends and business associates, and of manipulating Broadcom stock options to secretly provide $2.2 billion in benefits to employees of the Irvine microchip company.
BUSINESS
January 23, 2009 | By E. Scott Reckard
Accusing his ex-wife of character assassination, Broadcom Corp. founder Henry T. Nicholas III said her attempt to oust him as co-trustee of their family holdings was filled with "outrageous falsehoods," including misrepresenting herself as unable to meet her expenses when she had spent more than $100 million in the last two years. Stacey Nicholas' attorney, Adam Streisand, said he had not seen the filing in Orange County Superior Court and declined to comment. In a filing in probate court Nov.
BUSINESS
February 3, 2009 | By Stuart Pfeifer
A federal judge has postponed the criminal trial of Broadcom Corp. co-founder Henry T. Nicholas III until 2010, a delay the billionaire requested to help him prepare his defense against charges that he secretly manipulated stock options to reward employees. U.S. District Judge Cormac J. Carney scheduled Nicholas' trial for Feb. 9, 2010, in Santa Ana, according to a ruling made public this week.
BUSINESS
April 19, 2008 | By Kim Christensen, Times Staff Writer
Broadcom Corp. co-founder Henry T. Nicholas III checked into the Betty Ford Center earlier this week and will spend a month in an alcohol-rehabilitation program, the Orange County billionaire's attorney said. Nicholas, 48, is enmeshed in an acrimonious divorce and has been identified as "a potential unindicted co-conspirator" in a federal investigation of illegal backdating of Broadcom stock options.
BUSINESS
May 19, 2008 | By E. Scott Reckard, Times Staff Writer
The Broadcom Corp. founders accused of engineering a massive stock fraud have always been a study in contrasts: Henry Samueli, the professorial strategist who bought the NHL's Anaheim Ducks, and Henry T. Nicholas III, the driven deal maker whose personal life has made headlines. The differences seem to extend to the lawyers they've chosen to defend them against federal allegations. Nicholas has hired a roomful of high-profile lawyers known for famous courtroom defenses, including Brendan V.
BUSINESS
June 6, 2008 | By Kim Christensen and E. Scott Reckard, Times Staff Writers
Somewhere in the skies between Orange County and Las Vegas, federal prosecutors say, Broadcom Corp. co-founder and hard-partying billionaire Henry T. Nicholas III gave new meaning to the term "highflying." Winging their way to Sin City in 2001, Nicholas and his entourage generated so much marijuana smoke that it billowed into the cockpit, "requiring the pilot flying the plane to put on an oxygen mask," according to a federal grand jury indictment made public Thursday.
BUSINESS
June 17, 2008 | By E. Scott Reckard, Times Staff Writer
Henry T. Nicholas III, the billionaire co-founder of Broadcom Corp., pleaded not guilty in Santa Ana on Monday to 21 federal fraud and conspiracy counts accusing him of manipulating stock options to secretly reward employees of the Irvine microchip designer. Nicholas, 48, also answered to a separate four-count indictment accusing him of furnishing drugs to colleagues and associates and secretly spiking customers' drinks with Ecstasy. "Not guilty," he said in a firm voice, facing U.S.
BUSINESS
October 4, 2008, From the Associated Press
Federal agents have seized a private jet belonging to Broadcom co-founder Henry T. Nicholas III, claiming it was used to carry drugs. According to court documents, the FBI took the plane in July at Orange County's John Wayne Airport and contends Nicholas used it to transport drugs to various locations across the globe for further distribution. Nicholas has pleaded not guilty to charges in two separate indictments.
BUSINESS
October 7, 2008 | By William Heisel, Times Staff Writer
The last two years haven't been easy for Broadcom billionaire Henry T. Nicholas III. He split up with his wife. He was accused of manipulating stock options at Broadcom Corp., the Irvine microchip company he co-founded. And federal prosecutors filed criminal charges against him, saying he supplied Broadcom clients with drugs and prostitutes. On Monday, however, Nicholas received some good news: He might be getting his private jet back. U.S. District Judge Cormac J.
BUSINESS
October 10, 2008 | By E. Scott Reckard and Christine Hanley, Times Staff Writers
A Folsom Prison inmate who claims to have supplied drugs to Broadcom Corp. billionaire Henry T. Nicholas III maintains in a federal racketeering lawsuit that he also delivered cocaine to Henry Samueli, the Anaheim Ducks owner and Nicholas' Broadcom co-founder, and former Orange County Sheriff Michael S. Carona. Brian Sun, Carona's attorney, said the allegation was "absolutely preposterous and a complete fabrication." Samueli attorney Gordon Greenberg didn't respond to phone calls and an e-mail.