Skip to content
Photographer: Patrick T. Fallon/Bloomberg
business

Ex-Broadcom CEO Nicholas Cuts Plea Deal in Las Vegas Drugs Case

Ex-Broadcom CEO Nicholas Cuts Plea Deal in Las Vegas Drugs Case

  • Henry Nicholas agrees to ‘stay out of trouble’ as part of deal
  • Broadcom co-founder was arrested last summer at Wynn Encore
Broadcom Is Said to Prepare Proxy Battle If Qualcomm Rejects Bid
Photographer: Patrick T. Fallon/Bloomberg

Former Broadcom Inc. Chief Executive Officer Henry Nicholas cut a plea deal in Las Vegas that will spare him prison over drug-trafficking charges.

Nicholas agreed to enter a so-called Alford plea to two counts of possession of a controlled substance, according to a filing Wednesday in Nevada state court. In this kind of plea a defendant maintains his innocence while acknowledging there’s evidence that could prove his guilt.

Tech Billionaire-Arrest

Henry Nicholas at the time of his arrest in Aug. 2018.

Photographer: Las Vegas Metropolitan Police Department via AP Photo

As part of the agreement, the drug-trafficking charges will be dropped. Nicholas agreed to attend substance abuse counseling twice a month for a year, complete 250 hours of community service, “stay out of trouble,” and donate $500,000 to a state-approved organization involved in treating drug addiction.

“By no stretch of the imagination would anyone consider Dr. Nicholas or Ms. Fargo to be traffickers distributing drugs into the community,” David Chesnoff, Nicholas’s lawyer, said in a statement. “This positive agreement allows them to help people grappling with addiction by providing substantial financial support to programs in Clark County for treatment and rehabilitation.”

Nicholas and his companion, Ashley Fargo, were arrested last summer at the Wynn Encore after police found a wide assortment of narcotics, including heroin and cocaine, in their villa.

Ex-Broadcom CEO Henry Nicholas Charged With Drug Trafficking