{"id":85577,"date":"2018-08-10T06:57:06","date_gmt":"2018-08-10T13:57:06","guid":{"rendered":"https:\/\/www.casino.org\/news\/?p=85577"},"modified":"2018-08-10T06:57:06","modified_gmt":"2018-08-10T13:57:06","slug":"tech-boom-billionaire-henry-nicholas-drug-bust-at-wynn-encore","status":"publish","type":"post","link":"https:\/\/www.casino.org\/news\/tech-boom-billionaire-henry-nicholas-drug-bust-at-wynn-encore\/","title":{"rendered":"Broadcom Billionaire Henry Nicholas, Ex-Wife of Wells Fargo Heir Busted at Wynn Encore in Las Vegas for Alleged Drug Trafficking"},"content":{"rendered":"

Henry Nicholas III — the billionaire Broadcom founder — was arrested by Las Vegas Metro police on Thursday on suspicion of drug trafficking after a large stash of heroin, methamphetamine, cocaine and ecstasy was discovered in his room at the Wynn Encore on the Strip.<\/p>\n

\"Henry
Henry Nicholas III and Ashley Fargo were arrested in their hotel room after hard drugs were found in cases that staff at first suspected might have contained guns. (Image: Daily Mirror\/LV Metro\/Casino.org)<\/figcaption><\/figure>\n

Nicholas — worth $3.1 billion, according to Forbes<\/em> — was detained along with his girlfriend, Ashley Fargo, who was formerly married to Wells Fargo heir and video game designer Brian Fargo.<\/p>\n

\n

TMZ<\/em> reported that Nicholas called security to help when he got locked out of his room. When security staff let him in, they discovered Fargo unconscious on the bed with a partially deflated balloon hanging out of her mouth. Nicholas admitted the balloon had been used for the recreational inhalation of nitrous oxide (sometimes referred to as “hippy crack” or “laughing gas”) — a misdemeanor offense in Nevada.<\/span><\/p>\n<\/div>\n

Police were called when staff noticed two cases that looked like they might contain weapons. Since the October 1, 2017 Mandalay Bay mass shooting, Strip hotels aren’t taking any chances, but officers found them to be stuffed not with firearms, but with hard drugs.<\/p>\n

Chesnoff Takes the Case<\/strong><\/h2>\n

Las Vegas\u2019 most celebrated criminal defense attorney David Chesnoff\u00a0was quickly on the job. The former law partner of Oscar Goodman has successfully represented everyone from organized crime figures to A-list celebrities, many of whom — like Mike Tyson, Paris Hilton, and Bruno Mars — were also arraigned on drug charges.<\/a><\/p>\n

\u201cWe\u2019re gathering the facts and we will address the facts in court,\u201d Chesnoff said Thursday about the Nicholas case.<\/p>\n

Earlier this week, another Chesnoff client, ex-NBA star Charles Oakley<\/a>, was handed a $1,000 fine by a Las Vegas judge after admitting to cheating at an Ultimate Texas Hold\u2019em game at the Cosmopolitan. Oakley was initially facing up to six years in prison for casino fraud.<\/p>\n

Marsy\u2019s Law<\/strong><\/h2>\n

Nicholas made his fortune from microchips for mobile phones and broadband internet devices. His company Broadcom was acquired by Avago in 2016 for $37 billion, although Nicholas all but retired from professional life in 2004.<\/p>\n

He has devoted much of his time and money over the past 15 years campaigning for the instatement of Marsy\u2019s Law, a bill of rights for crime victims that will appear on the Nevada ballot in November. The law is named for Nicholas\u2019 sister, Marsy Nicholas, who was murdered by a stalker ex-boyfriend in 1983.<\/p>\n

Not His First Brush<\/h2>\n

Nicholas has found himself on the wrong side of the law before. In June 2008, he and several other Broadcom executives were indicted for securities fraud and options backdating.<\/p>\n

At the same time, he was also charged with a string of drug offenses, which included, according to the indictment, “marijuana smoke [wafting into] the cockpit [of the plane Nicholas was on] … requiring the pilot flying the plane to put on an oxygen mask.\u201d<\/span><\/p><\/blockquote>\n

All charges were later thrown out when the judge found that prosecutors had attempted to stop three key defense witnesses from testifying, had improperly contacted defense witnesses\u2019 lawyers, and had leaked information about grand jury proceedings to the media.<\/p>\n","protected":false},"excerpt":{"rendered":"

Henry Nicholas III — the billionaire Broadcom founder — was arrested by Las Vegas Metro police on Thursday on suspicion of drug trafficking after a large stash of heroin, methamphetamine, cocaine and ecstasy was discovered in his room at the Wynn Encore on the Strip. Nicholas — worth $3.1 billion, according to Forbes — was […]<\/p>\n","protected":false},"author":36,"featured_media":85579,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[21,18,16693],"tags":[],"acf":[],"yoast_head":"\nTech Boom Billionaire Henry Nicholas Drug Bust at Wynn Encore<\/title>\n<meta name=\"description\" content=\"Henry Nicholas III, billionaire co-founder of Broadcom, and girlfriend Ashley Fargo, were arrested at the Wynn Encore on suspicion of drug trafficking.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.casino.org\/news\/tech-boom-billionaire-henry-nicholas-drug-bust-at-wynn-encore\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Tech Boom Billionaire Henry Nicholas Drug Bust at Wynn Encore\" \/>\n<meta property=\"og:description\" content=\"Henry Nicholas III, billionaire co-founder of Broadcom, and girlfriend Ashley Fargo, were arrested at the Wynn Encore on suspicion of drug trafficking.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.casino.org\/news\/tech-boom-billionaire-henry-nicholas-drug-bust-at-wynn-encore\/\" \/>\n<meta property=\"og:site_name\" content=\"Casino.org\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/Casino.OrgNews\" \/>\n<meta property=\"article:published_time\" content=\"2018-08-10T13:57:06+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/08\/henry.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1400\" \/>\n\t<meta property=\"og:image:height\" content=\"788\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Philip Conneller\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@casinoorgphilc\" \/>\n<meta name=\"twitter:site\" content=\"@Casino_Org\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Philip Conneller\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.casino.org\/news\/tech-boom-billionaire-henry-nicholas-drug-bust-at-wynn-encore\/\",\"url\":\"https:\/\/www.casino.org\/news\/tech-boom-billionaire-henry-nicholas-drug-bust-at-wynn-encore\/\",\"name\":\"Tech Boom Billionaire Henry Nicholas Drug Bust at Wynn Encore\",\"isPartOf\":{\"@id\":\"https:\/\/www.casino.org\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.casino.org\/news\/tech-boom-billionaire-henry-nicholas-drug-bust-at-wynn-encore\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.casino.org\/news\/tech-boom-billionaire-henry-nicholas-drug-bust-at-wynn-encore\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/08\/henry.png\",\"datePublished\":\"2018-08-10T13:57:06+00:00\",\"dateModified\":\"2018-08-10T13:57:06+00:00\",\"author\":{\"@id\":\"https:\/\/www.casino.org\/news\/#\/schema\/person\/58769b72851c8cf117fb58ca150ebf8b\"},\"description\":\"Henry Nicholas III, billionaire co-founder of Broadcom, and girlfriend Ashley Fargo, were arrested at the Wynn Encore on suspicion of drug trafficking.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.casino.org\/news\/tech-boom-billionaire-henry-nicholas-drug-bust-at-wynn-encore\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.casino.org\/news\/tech-boom-billionaire-henry-nicholas-drug-bust-at-wynn-encore\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.casino.org\/news\/tech-boom-billionaire-henry-nicholas-drug-bust-at-wynn-encore\/#primaryimage\",\"url\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/08\/henry.png\",\"contentUrl\":\"https:\/\/www.casino.org\/news\/wp-content\/uploads\/2018\/08\/henry.png\",\"width\":1400,\"height\":788,\"caption\":\"Henry Nicholas III and Ashley Fargo were arrested in their hotel room after hard drugs were founded in cases that staff suspected mat have contained guns. 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He currently focuses his coverage on gaming law, white-collar crime, global money laundering, tribal gaming, politics, and regulation. Philip was the original features editor for poker\u2019s Bluff Magazine and editor for Bluff Europe, which he helped launch. His writing has also been featured in ESPN, Forbes, Time Out, The Sun, and The Daily Star, as well as iGaming Business, eGaming Review, and numerous other industry news and tech websites. His news stories for Casino.org\/news have been linked by The Washington Post, The Daily Mail, People Magazine, and Jimmy Fallon's Tonight Show, among many others. Philip once won $20,000 with 7-2 off-suit. He has been reprimanded for unwittingly playing Elton John\u2019s piano on two separate occasions on both sides of the Atlantic. He became a writer because he is a lousy pianist. Philip lives outside London with his wife and children, where he spends his time agonizing about Arsenal FC. 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