T. Nicholas III, the billionaire founder of chip-maker Broadcom,
has been arrested by Las Vegas police on drug trafficking charges. According
to the Associated
Press, Nicholas was arrested on suspicion of
trafficking heroin, cocaine, meth and ecstasy.
was called when Nicholas couldn’t get into his room at the Encore,
a Las Vegas casino hotel. When security arrived, they reportedly
found Nicholas with Ashley Fargo, the ex-wife of an heir to the
Wells Fargo banking fortune. Fargo was passed out with a
semi-deflated balloon in her mouth, but was revived by paramedics.
security subsequently found canisters of nitrous oxide inside the
room, and a subsequent search by cops turned up more drugs inside
a suitcase. Nicholas’s attorney, David Chesnoff, told
Press that they will “deal with the facts in court.”
was arrested on drug trafficking charges, but according to CBS
Los Angeles, that may be because of where the drugs
were found or the quantities, not because police have evidence he
was actively selling drugs. “It sounds like his biggest crime
is being an addict,” legal analyst Alex Kazarian said. “He’s a
billionaire. He’s not a person that’s trying to make money off of
drugs. He’s a person that’s trying to make friends off of drugs.
Unfortunateley, the way the laws are written, if you’re giving
away drugs or if you’re selling drugs, you’re trafficking.”
founded chipmaker Broadcom in 1991, and remained as CEO until
2003. He was indicted on securities fraud and narcotics charges in
2008, although those charges were subsequently dismissed. Nicholas
is also an advocate for victim’s rights in the legal system, a
cause he founded after his sister Marsy was murdered by her
ex-boyfriend in 1983.
Source: Las Vegas Police Department