It's been 14-years since Toronto's Livent went defunct. Today it's founders, Garth Drabinsky and Myron Gottlieb, were ruled guilty of fraud and forgery.
Prosecutors claimed the two doctored the Livent books which helped them lure in up to $500-million in investment.
Sentencing hasn't come down but, with that kind of money involved, it's a pretty sure bet that Messrs. Drabinsky and Gottlieb are looking at an all-expenses paid stay in Greybar Hotel.
It's a sad day. These two were true driving forces in Toronto's cultural sector.