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Weekend at Broadcom

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Can one party too hardy?

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Henry T. Nicholas III, the co-founder and former CEO of chip-maker Broadcom (BRCM), was recently arrested and charged with 21 counts of securities fraud as well as multiple felony drug charges.

Federal authorities say Nicholas was behind one of the most extensive stock-option backdating cases in American history while he was chief executive of the company.

Prosecutors also say he built a secret lair underneath his Los Angeles mansion where he partied with strippers and prostitutes, used and distributed ecstasy, cocaine and crystal meth, and covertly drugged business associates.

Nicholas resigned in 2003 to spend more time with his family after being caught in delicto flagrante in one of his subterranean hideouts by his wife-with a woman who was not his wife.

The 48-year-old Nicholas has pleaded not guilty.

Hoofy and Boo were able to get the inside scoop on this story:

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