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Lawyer for Broadcom Co-Founder Pleads Guilty, Cooperates

Law Blog (Free subscription) | 10/11/2008

... co-founder Henry T. Nicholas, former All Pac-10 wide receiver and U.S. District Judge Cormac Carney had said no way to a plea deal proposed for Henry Samueli, the company’s other co-founder. The deal between prosecutors and Samueli had called for five years’ probation and $12 million in payments. But Judge Carney said that would erode the public's trust in the judicial system. Samueli...

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Orange County man admits to $28 million golf scam

SI.com (Free subscription) | 22/10/2008

SANTA ANA (AP) — An Orange County man has pleaded guilty to using $28 million from investors in a nonexistent firm to prop up his unprofitable golf companies and to fund a lavish lifestyle. Colin Nathanson admitted Monday to Santa Ana federal judge Cormac Carney that he induced hundreds of people to invest in a fictitious Internet-based technology firm. Prosecutors say the 59-year-old...