Behind every billionaire there is a story!

allegations add to billionaire’s woes

Riding the high-tech wave of the 1990s, Henry T. Nicholas III became one of the nation’s richest people, a brash and innovative billionaire who gave millions to charity and made hundreds of his employees wealthy with stock options.

A decade later, the 47-year-old faces a federal investigation and accusations from a former employee that threaten to tarnish his image as one of the tech industry’s leading entrepreneurs and one of Orange County’s most generous philanthropists.

read the rest published in LA Times here:

http://www.latimes.com/business/la-fi-nicholas14jul14,1,6130550.story?track=rss

Federal authorities are probing Nicholas’ role in the manipulation of stock option grants at Broadcom Corp., the Irvine company he co-founded and led until 2003