The former chairman of Gemstar-TV Guide International Inc. will plead guilty to obstructing a Securities and Exchange Commision investigation into accounting irregularities at the company.
Following an investigation by the Federal Bureau of Investigation, the U.S. Attorney's Office in Los Angeles said that, under terms of the deal, Henry C. Yuen will serve six months of home detention over two years of probation. He will also pay a $250,000 fine and be required to contribute $1 million to charities representing low-income victims of fraud. Gemstar settled with the SEC last year for $10 million.
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