canadianphan Posted January 22, 2009 Report Share Posted January 22, 2009 Pay no attention to the creative billionaires who created entire new industries Broadcom co-founder and billionaire Henry T. Nicholas lived the life of a hedonist, handing out hundreds of thousands of dollars of coke and Ecstasy at parties in drug dens constructed in houses he owned, supplying prostitutes to employees and clients, and paying off one employee to keep quiet about his partying ways, according to a federal indictment filed Thursday in California. Broadcom, a manufacturer of integrated circuits, went public in 1998 and now has more than 6,000 employees. In 2007, the company was forced to restate its financials to the tune of $2.24 billion, due to unreported back-dated stock options. In May, the Security and Exchange Commission charged him and three other employees of secretly backdating stock options for over five years. Among the allegations. At the Woodstock 1999 concert in Rome, New York, Nicholas drugged an unnamed tech executive with Ecstasy without his knowledge Nicholas's party planners gave him invoices for drugs, including one bill for $15,000 labeled "party favors for 300 hits of Ecstasy. In 2000 Nicholas built out a commercial warehouse and office space in Laguna Niguel, California with plush digs, including private rooms, to share and do drugs. In early 2000, while in New Orleans, Nicholas spiked another tech executive's drink with Ecstasy. In 2001, Nicholas directed subordinates to keep piles of coke, Ecstasy and meth, among other drugs on hand permanently at the Warehouse. In January 2001, to celebrate the Superbowl at his warehouse, Nicholas bought 225 tabs of Ecstasy. In 2001, on a private plane headed to Las Vegas, Nicholas and his crew smoked enough pot that the pilot had to don his oxygen mask to escape from the marijuana smoke and fumes. In 2001, Nicholas directed an employee to give an envelope of $5 to $10K in cash to a drug courier in exchange for an envelope of drugs. This hand-off happened in the lobby of Broadcom's offices in Irvine, California. In June 2002, Broadcom signed a settlement agreement with an employee, paying out $1 million for silence about Nicholas's illegal drug activities. From 2003 to 2006, Nicholas and friends conspired to get prescription drugs -- namely Vicoprofen (similar to the pain killer Vicodin) and Valium. Link to comment Share on other sites More sharing options...
TheSloth Posted January 22, 2009 Report Share Posted January 22, 2009 including one bill for $15,000 labeled "party favors for 300 hits of EcstasyReally? Link to comment Share on other sites More sharing options...
gentlemonkey Posted January 22, 2009 Report Share Posted January 22, 2009 including one bill for $15,000 labeled "party favors for 300 hits of EcstasyReally? Corporate mark-up. Link to comment Share on other sites More sharing options...
livingstoned Posted January 22, 2009 Report Share Posted January 22, 2009 Corporate mark-up. Ahahaha Link to comment Share on other sites More sharing options...
TheAlphaNerd Posted January 22, 2009 Report Share Posted January 22, 2009 including one bill for $15,000 labeled "party favors for 300 hits of EcstasyReally?My first thought's too. I wonder what it says that our immediate reactions were that he paid too much, instead of upset that he had been rolling balls. Link to comment Share on other sites More sharing options...
mattm Posted January 22, 2009 Report Share Posted January 22, 2009 In 2001, on a private plane headed to Las Vegas, Nicholas and his crew smoked enough pot that the pilot had to don his oxygen mask to escape from the marijuana smoke and fumes.hehehehehehe Link to comment Share on other sites More sharing options...
YearsAlongTheSea Posted January 22, 2009 Report Share Posted January 22, 2009 I'm more baffled that you would have a documented invoice for and illegal substance; regardless of how custie the price was... Link to comment Share on other sites More sharing options...
TheAlphaNerd Posted January 22, 2009 Report Share Posted January 22, 2009 I'm more baffled that you would have a documented invoice for and illegal substance; regardless of how custie the price was...How else are you supposed to "write it off"? Link to comment Share on other sites More sharing options...
YearsAlongTheSea Posted January 22, 2009 Report Share Posted January 22, 2009 Not as "party favors for 300 hits of ecstacy." That would be a good start... Link to comment Share on other sites More sharing options...
phishtaper Posted January 22, 2009 Report Share Posted January 22, 2009 i wonder how you write off a 'ho? Link to comment Share on other sites More sharing options...
afro poppa Posted January 22, 2009 Report Share Posted January 22, 2009 i wonder how you write off a 'ho?current portion of long term debt Link to comment Share on other sites More sharing options...
tigger Posted January 22, 2009 Report Share Posted January 22, 2009 Is he one of the top 10 employers in the States. Link to comment Share on other sites More sharing options...
hamilton Posted January 22, 2009 Report Share Posted January 22, 2009 i wonder how you write off a 'ho?"Party favours for 300 thrusts of ecstasy." Link to comment Share on other sites More sharing options...
balogna pogna Posted January 23, 2009 Report Share Posted January 23, 2009 Billionaires get the best drugs. Link to comment Share on other sites More sharing options...
SaggyBalls Posted January 23, 2009 Report Share Posted January 23, 2009 I think a zero was omitted with the letter u. Link to comment Share on other sites More sharing options...
sam stone Posted January 24, 2009 Report Share Posted January 24, 2009 you know the whole spiked drink thing can go more then one way, the other night we were partying at the bar and we didnt have any drugs left, well my buddys wife says "oh my god I think that dude over there just put something in my drink, do something", so I'm like, "well if your worried about it, I guess I could drink it!" Link to comment Share on other sites More sharing options...
edger Posted January 24, 2009 Report Share Posted January 24, 2009 So did that dude end up taking advantage of you before the end of the night? Link to comment Share on other sites More sharing options...
balogna pogna Posted January 24, 2009 Report Share Posted January 24, 2009 In a similar Billionaires and drugs note, the National Enquirer has found some court papers which indicate that Oprah used to smoke crack cocaine (and her ex-lover says she has relapsed).I bet she has the best crack on the planet. Link to comment Share on other sites More sharing options...
Vanagon Scott Posted January 24, 2009 Report Share Posted January 24, 2009 Too bad I can`t work in the States... Link to comment Share on other sites More sharing options...
Tricky Posted January 24, 2009 Report Share Posted January 24, 2009 In a similar Billionaires and drugs note, the National Enquirer has found some court papers which indicate that Oprah used to smoke crack cocaine (and her ex-lover says she has relapsed).I bet she has the best crack on the planet.I wish for once you'd stop talking about Oprah's crack...geeesh! Link to comment Share on other sites More sharing options...
SaggyBalls Posted January 25, 2009 Report Share Posted January 25, 2009 "I bet she has the best crack on the planet."No she's just the only one spiritually motivated enough to cook it down 10 times. Link to comment Share on other sites More sharing options...
balogna pogna Posted January 25, 2009 Report Share Posted January 25, 2009 Here's the link to this guys book about Oprah:http://www.thewizardofo.com/He blames her for getting him hooked on crack and ruining his life. Link to comment Share on other sites More sharing options...
can-o-phish Posted January 25, 2009 Report Share Posted January 25, 2009 i wonder how you write off a 'ho? Gardening equipment to sew seeds... Link to comment Share on other sites More sharing options...
SaggyBalls Posted January 25, 2009 Report Share Posted January 25, 2009 So the guy went to see Oprah to Make amends?That doesn't seem like it to me.There's nothing good that can come out of this book. Crack or not, her name/image raises huge amounts of money for charities and her programs and magazines are a positive force in peoples' lives.this guy just wants to score more rock, and at volume prices. He obviously hasn't changed his life for the good if he's trying to take someone down a notch (or eighty) out of spite.Nothing good will come of his message or anyone's lives from reading this book. Link to comment Share on other sites More sharing options...
Tricky Posted January 25, 2009 Report Share Posted January 25, 2009 Nothing good will come of his message or anyone's lives from reading this book. Well, I find it all frightfully entertaining. That seems pretty good to me considering Oprah's a celebrity and her life is now based in/on the entertainment industry. Link to comment Share on other sites More sharing options...
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