Wednesday, March 25, 2009

Drabinsky, Gottlieb Found Guilty

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.

2 comments:

Cherniak_WTF said...

Not sure what your point is.

Are you saying that fraud and forgery is okay if it helps the arts?
It's a sad day. These two were true driving forces in Toronto's cultural sector.

The Mound of Sound said...

No, they deserve what's coming to them. It's sad they couldn't have done it right.