Disgraced theatre mogul Drabinsky granted full parole after emotional hearing
TORONTO - Disgraced theatre mogul Garth Drabinsky has been granted full parole.
Drabinsky, 64, thanked the two-member parole board panel after an emotional two-hour hearing during which he described the strain of living apart from his family after being convicted of fraud.
He will now be allowed to serve out the rest of his sentence at the Toronto home he shares with his wife.
The ex-CEO of the now defunct Livent Inc. and his friend Myron Gottlieb were convicted in 2009 in connection with a book-cooking scheme that eventually led to the company's bankruptcy.
The demise of the publicly traded company ultimately cost investors an estimated $500 million.
Drabinsky's earlier bid for full parole failed because that panel couldn't reach a unanimous decision.
He has been living in a halfway house since his release on day parole last February.
Read more Business News
- RDCO Diesel Spill UpdateKelowna
- Challenge pro field heats upPenticton / S. Okanagan
- Knox, Dilworth parks reopenKelowna
- Underwear run a big hitPenticton / S. Okanagan
|QHR Technologies Inc||1.20||-0.01|
|Anavex Life Sciences||0.265||+0.005|
|Copper Mountain Mining||2.99||+0.11|
|Sunrise Resources Ltd||0.025||-0.005|
|Mission Ready Services||0.26||+0.045|
There are several things to consider when deciding how much home to buy. 1. Draw up a budget including the new mortgage payments. While the rules used by most lenders require that the mortgage paym...
Photo: ContributedI would call it a joy ride... You see a planned project or business has a destination. It may be an ongoing revenue stream, it may be a business value or an exit strategy. If you don...
Establishing a joint account may seem like a great strategy at first glance. However, there are many factors that must be considered before taking this action. This article will explore the use of &ls...