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Broadcom co-founder aims to clear name

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June 5, 2009 03:48 PM EST | AP


SANTA ANA, Calif. — Broadcom co-founder Henry Nicholas III is speaking out in hopes of clearing his name after federal prosecutors accused the billionaire of throwing drug parties and slipping ecstasy into the drinks of business associates.

Nicholas told The Orange County Register in an interview published Friday that there was no so-called secret lair beneath the mansion where he lived, except a room his children used for band practice.

"Enough is enough," he told the newspaper. "There have been some pretty preposterous allegations made about me which have been reported in the media. While we have, can and will demonstrate that these allegations are false, what I have found is that if you don't respond, the stories are going to keep snowballing."

Nicholas has pleaded not guilty to drug charges and to conspiring to backdate $2.2 billion in employee stock options while at the helm of the Irvine-based computer chip company.

Prosecutors have accused Nicholas of keeping a warehouse where he stashed and distributed cocaine, methamphetamine and ecstasy. They say he also hired prostitutes and escorts for himself, his employees and customers.

Nicholas' attorney James Brosnahan said the drug allegations would not stand in court because witnesses made them in the pursuit of money.

A trial is scheduled for next year.

Two earlier civil lawsuits filed against Nicholas by a personal assistant and construction crew accused him of drug use and hiring prostitutes.

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Information from: The Orange County Register, http://www.ocregister.com