Livent’s Garth Drabinsky Sentenced to Seven Years in Prison
Livent founder Garth Drabinsky has been sentenced to seven years in prison for accounting fraud which led to the company’s collapse, according to a report in The Toronto Star. Drabinsky’s business partner and co-defendant Myron Gottlieb was sentenced to six years. In March, the two men were convicted on two counts of fraud and one count of forgery.
Under Drabinsky’s leadership, Livent became a theatrical production company with a world-wide reputation. Shows produced by the company include Ragtime, Show Boat, and Kiss of the Spider Woman, which won three Tony Awards including best musical.