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Semiconductor Drug Dens, Sex Caves and Death Threats
Seriously. What the hell?
08:59AM Friday Jun 06 2008 by Karl Bode
tags: business · Oddities
Tipped by kamm See Profile

Last month, along side other Broadcom executives, co-founder Henry T. Nicholas III was charged with multiple counts of conspiracy, options backdating, securities fraud and lying about income. This morning things get a little stranger, with the New York Times reporting that Nicholas is also facing several narcotics charges, which include allegations he slipped ecstasy into the drinks of business associates, "maintained a drug warehouse" and concealed his illegal conduct with bribes and death threats. Last year it was revealed he used his fortunes to build a giant underground party cave where he hosted prostitutes.

Musicians? Please. Everybody who's anybody knows it's the fabless semiconductor executives you need to keep one eye on.

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Forums » Semiconductor Drug Dens, Sex Caves and Death Threats
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satellite68

join:2007-04-11
Louisville, KY
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THIS GUY??

Holy. Crap.

So now that this guy's gonna go play Bubba's leapfrog partner in the pokey for a while, who's gonna manage the "Ponderosa"?

In addition, I can never eat at "Ponderosa" again without thinking of this guy. Ewwwwwwww.

TK Junk Mail
Go ahead, make my day
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join:2002-03-03
Margate City, NJ
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And shareholder lawsuits against Broadcom will surely follow

Aside from the SEC civil charges and the criminal charges, this will also trigger an avalanche of shareholder lawsuits against Broadcom. Their lawyers are going to be awfully busy and the stock may be in for a bumpy ride for some time.
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MattE
Obama '08
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Re: And shareholder lawsuits against Broadcom will surely follow

said by TK Junk Mail See Profile :

Aside from the SEC civil charges and the criminal charges, this will also trigger an avalanche of shareholder lawsuits against Broadcom. Their lawyers are going to be awfully busy and the stock may be in for a bumpy ride for some time.
Do you see this affecting their virtual dominance of integrated network interface chips in Dell/HP/IBM servers?

TK Junk Mail
Go ahead, make my day
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Re: And shareholder lawsuits against Broadcom will surely follow

said by MattE See Profile :

said by TK Junk Mail See Profile :

Aside from the SEC civil charges and the criminal charges, this will also trigger an avalanche of shareholder lawsuits against Broadcom. Their lawyers are going to be awfully busy and the stock may be in for a bumpy ride for some time.
Do you see this affecting their virtual dominance of integrated network interface chips in Dell/HP/IBM servers?
I doubt it will have any effect on long term contracts for chips. The major strategic issue would be if lost lawsuits would have an affect on the financing capabilities of the company going forward. This could raise the cost of capital for Broadcom and make their products more expensive versus their competitors.
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Mr Matt

join:2008-01-29
Eustis, FL

SEE Nobody is perfect.

I wonder if prosecutors will so overcharge him that his battery will explode?

ScottMo
Premium,MVM
join:2000-12-15
Stony Brook, NY

Betterment of society

His mom must be so proud.

supergirl

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Re: Betterment of society

said by ScottMo See Profile :

His mom must be so proud.
The Devil doesn't have a mom. The guy looks like a Russian Mob Boss.
--
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cdru
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join:2003-05-14
Fort Wayne, IN
·Verizon FIOS

Re: Betterment of society

said by supergirl See Profile :

The Devil doesn't have a mom. The guy looks like a Russian Mob Boss.
The devil? He's not quite THAT bad. Before this article I never heard about the guy. Slipping the ecstasy into an associates drink aside, his alleged crimes are either against him (prostitution), society (drugs), or investors (securities issues). These aren't victimless crimes, but they lean more towards the hurt-yourself-more-than-others type of crimes.

If you look at his life in general, he actually appears to be a fairly decent guy. Check out his list of philanthropic efforts including a variety of charities. Some of his main efforts resulted from the murder of his sister and ironically have been towards law enforcement, criminal justice, and victims rights.

Jeffrey
Bye George, 1937-2008
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join:2002-12-24
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Guy sure new how to party...

That's just about the only thumbs-up I can give him. Party cave, hookers, narcotics--the ingredients for a lovely evening.

sporkme
drop the crantini and move it, sister
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join:2000-07-01
Budd Lake, NJ

Re: Guy sure new how to party...

said by Jeffrey See Profile :

That's just about the only thumbs-up I can give him. Party cave, hookers, narcotics--the ingredients for a lovely evening.
Seriously, too much coke I think:

"The workers claimed Nicholas failed to pay them millions of dollars and used intimidation and death threats to prevent them from leaving the project, which was kept secret from Nicholas' wife and city inspectors."
kidron

join:2008-06-04
Philadelphia, PA

It's been reported before

Years ago, the WSJ did a front page story about his outrageous parties with strippers. Not surprised this is going on.
brianiscool

join:2000-08-16
Miami, FL

hah

Reminds me of the movie Iron Man

supergirl

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Re: hah

said by brianiscool See Profile :

Reminds me of the movie Iron Man
I thought it was funny when Robert Downey Jr. called Stan Lee "Hef".
--
Saving the world keeps me busy. However, I find Earth very primitive from my home planet of Krypton.
-Supergirl

NetAdmin

join:2008-05-22

Just another example...

This guy is just ANOTHER example of why the "war on drugs" is an abject failure and can never be "won". When you've got money and power and are still getting high, clearly it shows that all the law enforcement actions and government propaganda about drugs aren't working. With that said, this guys certainly needs to be locked away - getting yourself high is a victimless crime, but dosing other people, apparently without their knowledge, is a whole other ball of wax.
j_on_fire

join:2005-02-24
canada

Re: Just another example...

said by NetAdmin See Profile :

this guys certainly needs to be locked away - getting yourself high is a victimless crime, but dosing other people, apparently without their knowledge, is a whole other ball of wax.
This is about the lowest of the low.
jarthur31

join:2006-04-14
Carlsbad, NM

Re: Just another example...

Didn't you hear? We lost the war on drugs in the early 90's. What a waste of money that was.

NetAdmin

join:2008-05-22

said by j_on_fire See Profile :

said by NetAdmin See Profile :

this guys certainly needs to be locked away - getting yourself high is a victimless crime, but dosing other people, apparently without their knowledge, is a whole other ball of wax.
This is about the lowest of the low.
Yeah, right down there with some wanker dosing his date with GHB, having his way and then proclaim that she had it coming.

Steve
Security is inefficient
Consultant
join:2001-03-10
Tustin, CA

said by NetAdmin See Profile :

but dosing other people, apparently without their knowledge, is a whole other ball of wax.
How come I never get invited to that kind of party? :-(

cdru
Go Colts
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join:2003-05-14
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·Verizon FIOS

said by NetAdmin See Profile :

getting yourself high is a victimless crime, but dosing other people, apparently without their knowledge, is a whole other ball of wax.
The NYT article doesn't really go into details on this, but I wonder under what circumstances he did this. Obviously the guy has a drug and prostitute issue...and it also appears that some of his co-workers may have also partook in some of the festivities. And prosecutors appear to be rightfully throwing the book at the guy. But I wonder if the drugs in the associates drink is exaggerated some and was just part of the party. I'm not saying that isn't right, but things aren't always what they appear either.

phoneboy3

@shawcable.net

Bribing wrong people

Sounds to me like he just wasn't bribing the right people. That's probably why this story came out in the first place.

Socialator

@rr.com

Re: Bribing wrong people

said by phoneboy3 :

Sounds to me like he just wasn't bribing the right people. That's probably why this story came out in the first place.
Not in Orange County. There is no one left to bribe. Even the Sheriff is going to jail. Wish the feds would spend the same amount of time investigatng LA...

The politically incorrect explanation for Nicholas is simple: he's a [rich] nerd, and is trying to make up for lost time with the ladies, but once married and the head of a major corporation, you can't just hang out in the local nightclub, so you literally have to party "underground".

The simple solution to this phenomenon would be to make brothels legal and regulated, and for women to learn tolerance for men's needs.

Mizzat
This space for rent
Premium
join:2003-05-03
Atlanta, GA

Pics

Pics or it didn't happen. I wanna see this place!
--
-M

Henry T Nicholas

@comcast.net

Re: Pics

That might be arranged, what are you wearing?

Backspace
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But the Price of the Stock Rises

From »www.philly.com/philly/wires/ap/n···894.html

Shares rose 65 cents, or 2.3 percent, to $28.75 on Thursday, amid a general upswing in the stock market. Its 52-week trading range was between $16.38 and $43.07.

From Yahoo
Today
BROADCOM CORP CL A
(NasdaqGS: BRCM)

After Hours: 27.50 Up0.13 (0.48%) 5:58pm ET

apeface

join:2000-09-16
Mckinney, TX

If..

I had that kind of money, I would do the exact same thing. Taking debauchery to epic levels.
Forums » Semiconductor Drug Dens, Sex Caves and Death Threats


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