TMZ is reporting that Henry Nicholas III -- the billionaire co-founder of tech giant Broadcom -- was arrested after cops say they found cases of hard drugs in his Las Vegas hotel room.
Law enforcement sources told TMZ that Nicholas couldn't get into his room at the Encore Tuesday and when security assisted, they discovered his girlfirend, Ashley Fargo, was unresponsive with a semi-deflated balloon in her mouth.
Paramedics responded and revived Fargo, but security began questioning Nicholas about the balloon and canisters, which he admitted were nitrous oxide.
Sources also say security noticed 2 cases in the room which needed to be inspected per hotel rules ... because they looked like the kind used to carry weapons.
Instead of weapons, Vegas PD found one case full of marijuana and another full of what appeared to be narcotics. The couple was arrested and booked for felony drug trafficking of multiple controlled substances ... including heroin, cocaine, meth and MDMA. Some of the pills were stamped with Winnie the Pooh.
Nicholas, whose company manufactures semiconductors, has a history of serious legal issues. He faced felony securities fraud and drug distribution charges a decade ago, but they were later dropped.
Commentary: People, even rich people, can be so stupid. And WTF is up with the balloon and nitrous oxide?
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