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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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.

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