6.07.2008
Pimping Gone Wrong
Exactly how far do you have to go before tons of money can’t even save your tail? Billionaire Broadcom co-founder Henry T. Nicholas III pushed his luck to the point of no return when he was indicted on June 5 for being nothing short of a giant scumbag, the likes of which we haven’t seen in a fairly young, wealthy dude since that scandal with the Max Factor heir.Nicholas, 48 and worth about $2 billion, was not only picked up for trafficking in coke, Ecstasy, and meth, but he also allegedly roofied business associates and employees, pulled Spitzers, and maintained a number of drug dens, including one below his Los Angeles home. (Someone clearly didn’t follow Biggie’s fifth rule of the Ten Crack Commandments: “Never sell no crack where you rest at.”).
He did try paying his way out, though, but the feds weren’t having it. When he was charged with securities fraud earlier on, Nicholas allegedly “used threats of physical violence and death and payments of money to attempt to conceal his unlawful conduct,” according to his indictment noted on thesmokinggun.com. It appears as though one of his employees found out about his shady activities and agreed on a $1 million settlement with Nicholas and his crew to keep his mouth shut (but if you ask me, he probably could have gotten more out of the deal). Unfortunately, Nicholas’ cockiness eventually got ahead of him and he stopped being stealthy about his drug pushing, lamely concealing his packaging with clients and dealing/smoking tons of pot on private plane flights, then eventually getting picked up.
Like Steven Seagal said..."No one is above the law"!
A PimpWiz Exclusive
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