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Ducks owner Henry Samueli pleads guilty in Broadcom stock options case

June 23, 2008 |  2:18 pm
Broadcom co-founder Henry Samueli pleaded guilty to lying to authorities

Henry Samueli, the co-founder of Broadcom and owner of the Anaheim Ducks hockey team, pleaded guilty to lying to federal authorities who were investigating stock-options fraud at the Irvine-based chip maker.

The agreed-upon penalty: five years of probation and $12.2 million in fines. Samueli won't have to testify for the government, according to court documents.

Read the full story for more details.

-- Chris Gaither

Photo by Christine Cotter / Los Angeles Times