Henry T. Nicholas
III: Secrets of sex and drugs below
Henry T. Nicholas III had a
layer underneath his house, where guests indulged in drugs and
sex.
Broadcom founder and once one of the richest men in the
world Henry T. Nicholas III spared nothing to entertain his
guests and himself. According to reports, an underground layer
was built under Nicolas house, where visitors and the host would
entertain themselves with drugs and prostitutes. According to
Orange County Superior Court documents, the underground layer
even had a name - "Ponderosa".
On the exterior, Henry T. Nicolas III was a businessman
with all the perks of the billionaire - the mansion, trophy
wife, the country clubs. But hidden from prying eyes, a
construction of an underground level in his mansion took place,
while Nicholas and his wife were away. Little did anyone know,
he was creating a "secret and convenient lair" to be used for
"Mr. Nicholas's manic obsession with prostitutes" and his
"addiction to cocaine and Ecstasy", according to court papers
reports the LA Times. He used his private jet to pick up
prostitutes "and bring them back to the Pond for his rock star
friends."
The allegations were made by a construction company which
says it was not paid. The claims have been denounced as
falsehoods by Nicholas's lawyer but echo other claims made by
Kenji Kato, Nicholas's former assistant. Kato says he is owed
US$150,000 and alleges serial drug use and other debauchery at
the mansion.
Henry T. Nicholas III was the founder of
the company Broadcom in 1991, making the innards of cable TV
boxes at his Redondo Beach apartment. In January 2003, Nicholas
quit Broadcom, saying he intended to spend more time with his
children and tend to his marriage. Among the many legal troubles
he now faces is a divorce battle with his wife Stacey, with whom
he controls US$1.1 billion in Broadcom shares.
Published on 07/19/2007
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