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A former executive with Gemstar-TV Guide International Inc. has agreed to pay more than $305,000 to settle federal fraud charges brought by the Securities and Exchange Commission, the agency said Friday. Jonathan B. Orlick, who served as general counsel, executive vice president and was a member of the media and publishing company’s board of directors, is also prohibited from serving as officer or director of a public company for 10 years, the SEC said. Orlick did not admit or deny any wrongdoing. He left the company in 2002. The settlement amount to be paid by Orlick covers disgorgement, interest and penalties stemming from what investigators alleged was his role in inflating the company’s revenues by nearly $250 million between June 1999 and September 2002. Orlick, of Chatsworth, Calif., was one of several former Gemstar executives charged with participating in the scheme, which regulators say involved recording revenue from expired or contested license agreements. Gemstar, which is 42 percent owned by News Corp., also recorded barter transactions as revenue and engaged in some “round trip” arrangements, paying a third party, which then used those funds to buy advertising from Gemstar, the SEC alleged. In June, the company agreed to pay a $10 million penalty to settle the charges. The company, which publishes TV Guide magazine and licenses its interactive program guide to cable operators and consumer electronics companies, did not admit or deny the allegations as part of the settlement. The SEC has also negotiated settlements with accounting firm KPMG LLP and four of its auditors, and with several other former Gemstar executives. Tentative settlements with three remaining former Gemstar executives, including founder Henry Yuen, are pending court approval. Copyright 2005 Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.

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