Travel is OKd for Nicholas
Broadcom Corp. co-founder Henry T. Nicholas III will be able to ditch his electronic monitoring bracelet and travel freely throughout the U.S. while awaiting trial on criminal charges, a federal judge ruled.
U.S. Magistrate Judge Arthur Nakazato granted Nicholas’ request Monday but said the billionaire former executive would have to consent to random drug testing and obtain advance approval from court officials to travel outside Southern California.
Nicholas, free on $3.3-million bail, is scheduled to stand trial Feb. 9, 2010, on charges he manipulated stock options to reward the chip maker’s employees. Nicholas is also accused in a separate indictment of providing narcotics and prostitutes to friends and business associates.
In a request to ease the conditions of his release, Nicholas’ attorneys said he had made all court appearances and complied with prior conditions of his release. Before the ruling, Nicholas could leave his Orange County home only for certain activities, including employment and medical and mental health treatment.
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