WSJ: Broadcom Corp. co-founder Henry T. Nicholas III pleaded not guilty Monday to federal drug and securities fraud charges.
The 48-year-old billionaire entered the pleas to 21 counts contained in two indictments unsealed June 5.
One indictment details what authorities claim was one of the largest stock-option backdating cases in U.S. history while Mr. Nicholas led the giant computer chip company. The other accuses him of drugging his business cohorts, hiring prostitutes and maintaining a drug warehouse.
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