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Pleading Doesn’t Work for Samueli

From Reuters,

A California judge on Monday rejected a proposed plea agreement sentence of probation and a fine for Broadcom Corp co-founder Henry Samueli as too lenient, and postponed the sentencing until later this month.

Samueli, 53, pleaded guilty in June to a charge of making a materially false statement to U.S. Securities and Exchange Commission investigators, following the company’s restatement last year of $2 billion in compensation expenses.

continued…

A story by the Associated Press further states that the judge’s written ruling expressed concern that to allow this deal would erode the public’s trust in the judicial system. 

The original deal had “recommended that Samueli get five years probation and pay at least $12 million in penalties.”  But today’s ruling means that that Samueli—owner of the Anaheim Ducks—may in fact “warrant a significant prison sentence,” according to the Reuters report.

Filed in: NHL Teams, Anaheim Ducks, | KK Hockey | Permalink
  Tags: henry+samueli

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About Kukla's Korner Hockey

Paul Kukla founded Kukla’s Korner in 2005 and the site has since become the must-read site on the ‘net for all the latest happenings around the NHL.

From breaking news to in-depth stories around the league, KK Hockey is updated with fresh stories all day long and will bring you the latest news as quickly as possible.

Email Paul anytime at pk@kuklaskorner.com