Broadcom Co-Founder Pleads Not Guilty - TheStreet

Broadcom Co-Founder Pleads Not Guilty

Henry Nicholas III is facing drug and securities fraud charges.
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Broadcom

(BRCM)

co-founder Henry Nicholas III pleaded not guilty to drug and securities fraud charges at a hearing Monday, the Associated Press reported.

Nicholas was facing two separate indictments, one claiming he was tied to a stock-option backdating scandal and another alleging he used and distributed drugs.

William Ruehle, Broadcom's former financial chief, pleaded not guilty to securities fraud charges at the hearing, the report said.

This article was written by a staff member of TheStreet.com.