SEC accuses Broadcom co-founders of fraud - Los Angeles Times

KK Hockey found this 5/14/2008 on www.latimes.com [flag]

Seeking the best and brightest during the tech boom, Broadcom Corp. founders Henry T. Nicholas III and Henry Samueli tossed out millions of stock options to attract and reward favored employees, whose Porsches and Lamborghinis gleamed in the parking lot as they worked late into the night. On Wednesday, federal regulators accused the Orange County billionaires of manipulating the options ... [link]

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Ducks Owner in Hot Water
Published 5/14/2008 by Alanah at KK Hockey
... also names former Chief Financial Officer William J. Ruehle and General Counsel David Dull. None of the current and former officials at the Irvine-based chip maker could be reached for comment immediately. The complaint comes on the heels of an SEC lawsuit filed against Broadcom on April 22 alleging that Nicholas, Samueli and other senior Broadcom executives “orchestrated and carried out” a long-running scheme to backdate stock options. continued...

Ducks in legal trouble
Published 5/15/2008 by Earl Sleek (noreply@blogger.com) at The Battle of California
Well, I don't know what to make of it just yet, but apparently Ducks owner Henry Samueli is in a bit of hot water. He was named yesterday in a civil fraud complaint against the Broadcom Corporation, and has subsequently stepped down from his position of chairman. ...

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