The co-founder and former chief technical officer of Broadcom Corp., Henry Samueli, pleaded guilty Monday to making a false statement to the Securities and Exchange Commission during an investigation of stock options backdating at the company. Samueli is the latest executive at the Irvine, Calif.-based broadband communications manufacturer to be indicted in a criminal stock option backdating case that lead the company to restate more than $2.2 billion in January 2007.
Broadcom Co-Founder Enters Guilty Plea
The National Law Journal
June 24, 2008