BUSINESS BRIEFING / ENTERTAINMENT
TIMES WIRE REPORTS
Two founders of a Broadway theater company that produced 1990s hits “Ragtime” and “Show Boat” have been sentenced to prison in Canada for accounting fraud.
Livent co-founders Garth Drabinsky, 63, and Myron Gottlieb, 66, were convicted in March of two counts of fraud and one count of forgery each.
Drabinsky was sentenced to a seven-year term; Gottlieb was given a six-year term.
Toronto-based Livent filed for bankruptcy in 1998 after the fraud was revealed.
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