Court File: Lurid Lifestyle Alleged

min read

This month's Vanity Fair magazine profiles the ultimate entrepreneur gone-wild (allegedly), Broadcom co-founder Henry Nicholas, who was charged in June with securities fraud and drug trafficking. The story paints a lurid picture of a man who made more than $1 billion after helping to launch Broadcom, a successful microchip maker that supplies iPhones and other products with its technologies.

Nicholas is on the list of Forbes 400 list of Richest Americans. Vanity Fair digs up evidence that Nicholas had an adult playground built beneath his $30 million Laguna Hills, Calif., home, allegedly so that he could entertain friends, do cocaine and ecstasy, and employ prostitutes. Nicholas resigned from Broadcom in 2003 amid employee lawsuits and now faces federal charges stemming from allegations that Broadcom allegedly back-dated stock options for certain employees without telling stockholders. One of two federal indictments thrown at him accuses the billionaire of spiking the drinks of fellow executives. Nicholas has pleaded not guilty to all federal charges and will likely face trial next year.

More from Entrepreneur

Grow Your Business at Entrepreneur LIVE! Join us on Nov. 16 in Brooklyn, NY, to learn from legends like Danica Patrick and Maria Sharapova, pitch our editors, meet with investors, and potentially walk away with funding!
Register here

One-on-one online sessions with our experts can help you start a business, grow your business, build your brand, fundraise and more.
Book Your Session

In as little as seven months, the Entrepreneur Authors program will turn your ideas and expertise into a professionally presented book.
Apply Now

Latest on Entrepreneur

My Queue

There are no Videos in your queue.

Click on the Add to next to any video to save to your queue.

There are no Articles in your queue.

Click on the Add to next to any article to save to your queue.

There are no Podcasts in your queue.

Click on the Add to next to any podcast episode to save to your queue.

You're not following any authors.

Click the Follow button on any author page to keep up with the latest content from your favorite authors.