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6.16.2008

Ex-CEO of Broadcom pleads not guilty on 21 charges


SANTA ANA, Calif. - Broadcom co-founder Henry T. Nicholas III pleaded not guilty Monday to federal drug and securities fraud charges. The 48-year-old billionaire entered the pleas to 21 counts contained in two indictments unsealed June 5.
One indictment details what authorities claim was one of the largest stock-option backdating cases in U.S. history while Nicholas led the giant computer chip company.

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