'Safe Neighborhoods Act' Backer Faces 340 Years in Prison September 23, 2008
News Summary
California's anti-crime "Safe Neighborhoods Act" may have to find a new financial backer after the proposition's key investor was indicted on 21 federal drug and fraud charges, the San Jose Mercury News reported Sept. 21.
Broadcom co-founder and former CEO Henry Nicholas is facing up to 340 years in prison after being accused of backdating stock options, supplying crystal meth and cocaine to friends and prostitutes, and spiking colleagues' drinks with Ecstasy.
Proposition 6, which will be voted on this November, would create more than 40 new crimes and penalties, such as adding 10 years to gang members' sentences and expanding the circumstances under which juveniles as young as 14 could be tried as adults. The measure also would allow counties to force public-housing residents to complete annual background checks, and calls for bail to be denied to undocumented immigrants in many cases.
Nicholas, who has a history of supporting anti-crime initiatives, paid $1 million to support the campaign for Proposition 6.
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