SEC accuses Broadcom co-founders of fraud

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Summary: The agency says in a civil complaint that Henry Nicholas and Henry Samueli backdated stock options. Samueli steps down as chairman amid allegations. Seeking the best and brightest during the tech...  Click to expand...

The agency says in a civil complaint that Henry Nicholas and Henry Samueli backdated stock options. Samueli steps down as chairman amid allegations. 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
 
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