In one of the largest fines ever handed down to an individual charged with accounting fraud, a federal judge has ordered the former chairman and chief executive of Gemstar-TV Guide International Inc. to pay $22 million in penalties, interest and restitution.
Henry C. Yuen plans to appeal the ruling, handed down in Los Angeles federal court. In a civil trial in December brought by the Securities and Exchange Commission, Yuen was found guilty of securities fraud for inflating the company's revenues.
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