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Broadcom execs charged with securities fraud

Posted on 05. Jun, 2008 by admin.

The Securities and Exchange Commission (SEC) today charged the founders of Broadcom, Henry Nicholas III and Henry Samueli (photo on right), with securities fraud by falsifying the company’s income. The executives backdated options to the date of the underlying stock’s lowest price, thereby increasing the worth of the options and earnings from the options [...]

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