Billionaire ‘partied with strippers at his private cocaine warehouse’

June 8, 2008 5:53 pm

One of America’s most powerful businessmen has been indicted on multiple counts of using prostitutes, drug abuse and massive financial fraud, in the latest boardroom scandal to hit the US courts.

Henry T Nicholas III, the billionaire founder of the technology company Broadcom, was charged on Thursday with a litany of offences related to a high-flying lifestyle that prosecutors say saw him create a secret underground drugs lair at his home, and invite strippers to parties at a private warehouse stocked with cocaine and ecstasy.

In an 18-page indictment unsealed in Los Angeles on Thursday, Mr Nicholas, 48, was accused of buying and distributing hundreds of thousands of dollars worth of drugs over several years.

read the rest published by Independent here:

http://www.independent.co.uk/news/world/americas/billionaire-partied-with-strippers-at-his-private-cocaine-warehouse-842095.html

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