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: Southern California Criminal Defense Blog

Orange County Federal Crime Plea Agreement Denied on Samueli Case

By Walin & Klarich

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$12.2 million payment and five year probation plea for Orange County billionaire and Broadcom co-founder Henry Samueli rejected On Monday September 8, 2008 a federal judge in Orange County Federal Court rejected the felony plea deal for Henry Samueli to pay $12.2 million in penalties and serve five years probation as punishment after pleading guilty in June to federal crime charges in Orange County. The judge rejected the deal that prosecutors struck with the Orange County billionaire saying that it created the impression that ?justice is for sale.? Samueli, who co-founded Broadcom, an Irvine-based computer chip manufacturer, plead guilty to the charges after in 2007, Broadcom announced that the company?s executives had misdated stock option grants in order to underreport its compensation expenses...continue to full post

Full post as published by Southern California Criminal Defense Blog on October 15, 2008 (boomark / email).

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