Gemstar Requests Second Probe Into $248M Fraud

Law360, New York (November 22, 2005, 12:00 AM EST) -- Dissatisfied with a sentence imposed by a California court on former CEO Henry Yuen, Gemstar TV-Guide has asked Florida prosecutors to investigate the $248 million accounting fraud allegedly orchestrated by Yuen during his tenure with the company.

Gemstar requested the new probe after a district court in California sentenced Yuen to six months of home detention, and a $250,000 fine. The judge also said that Yuen must donate $1 million to three Los Angeles area charities that benefit victims of fraud.

Gemstar campaigned heavily against the...
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