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Tech billionaire Henry T. Nicholas III arrested in Vegas on drug trafficking counts

August 10, 2018  |  Posted by: Michael Falzarano
Tech billionaire Henry T. Nicholas III arrested in Vegas on drug trafficking counts

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Associated Press – Tech billionaire and advocate of crime victims Henry T. Nicholas III is facing drug counts after being arrested along with a woman Tuesday at a Las Vegas Strip casino-resort.

Nicholas was arrested on suspicion of trafficking heroin, cocaine, meth and ecstasy, Las Vegas police officer Larry Hadfield said Thursday. He added police responded to the casino-resort following a report from security, which had found contraband in a room.

Nicholas’ attorney, David Chesnoff, told The Associated Press his team is doing its own investigation and will “deal with the facts in court.” Court records show Nicholas has been released on his own recognizance.

Henry T. Nicholas III co-founded high-tech chipmaker Broadcom Corp. in 1991 and resigned as president and CEO in 2003. In 2008, he was indicted on narcotics and securities fraud charges. The charges in the securities case were dismissed in 2009 and the narcotics case in 2010.

The billionaire is an advocate for crime victims and has bankrolled ballot measures in the U.S. to guarantee them and their family members some rights. The so-called “Marsy’s Law” victims’ bill of rights is named after Nicholas’ sister, Marsalee “Marsy” Nicholas, a California college student who was stalked and killed in 1983 by an ex-boyfriend.

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