United States District Judge Cormac J. Carney dismissed all charges against
Broadcom Corp.'s former Chief Financial Officer William J. Ruehle,
who was charged with 14 counts of
Conspiracy, falsifying Broadcom's books and lying to securities regulators, based
on the Judge's finding that that there had been prosecutorial misconduct
in the case.
Federal prosecutors allege that Ruehle conspired with the Irvine chip company's
co-founders, Henry Samueli and Henry T. Nicholas III, to backdate employee
stock options -- making them more valuable -- without disclosing the compensation
in regulatory filings.
The judge acquitted Ruehle after determining that prosecutors tried to
influence the testimony of three key witnesses, improperly contacted witnesses'
attorneys and leaked information about grand jury proceedings to the media.
Judge Carney also dismissed the government's narcotics case against
Broadcom's co-founder and CEO, Henry T. Nicholas. It was alleged that
Nicholas hired prostitutes for himself and customers, drugged business
associates, kept a warehouse to store illicit drugs and distributed cocaine,
methamphetamine and ecstasy to his clients, co-workers and friends. The
indictment stated that in 2001, Nicholas smoked so much marijuana on his
private jet that his pilot was forced to don an oxygen mask.
If you or someone you know has been charged with a
Federal Crime related to
Drug Possession or
contact Los Angeles Criminal Defense Attorney Robert M. Bernstein today.