Behind every billionaire there is a story!

Broadcom ex-CEO indicted over drugs, options

The playboy former chief executive of Broadcom Corp took cocaine and spiked customers’ drinks with ecstasy as he directed a stock-options backdating conspiracy which cost the company $2.2 billion, indictments released on Thursday charged.Former CEO and technology company co-founder Henry Nicholas hired prostitutes for himself and others and then used threats of violence and payoffs to keep the conduct secret, one federal indictment alleges.

Nicholas, 48, surrendered to the Federal Bureau of Investigation on Thursday and is expected to appear in court along with former Chief Financial Officer William Ruehle, 66, who is indicted as conspiring with his former boss on the backdating charges between 1999 and 2005, the U.S. Attorney’s office said.

read the rest published by Reuters here:

http://www.reuters.com/article/businessNews/idUSN0538382320080605