Wednesday, September 2nd17.8°C
27106
26753

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.

The Canadian Press


Read more Business News




Recent Trending




Today's Market
S&P TSX13534.12+52.22
S&P CDNX550.16+2.19
DJIA16221.10+162.75
Nasdaq4701.11+65.00
S&P 5001932.81+18.96
CDN Dollar0.7534-0.0011
Gold1133.10-5.60
Oil45.44+0.03
Lumber235.70+0.70
Natural Gas2.652-0.050

 
Okanagan Companies
Pacific Safety0.21+0.03
Knighthawk0.010.00
QHR Technologies Inc1.19+0.01
Cantex0.04-0.01
Anavex Life Sciences1.25-0.07
Metalex Ventures0.05-0.00
Russel Metals21.10-0.11
Copper Mountain Mining0.60-0.02
Colorado Resources0.075-0.010
ReliaBrand Inc0.0045+0.0005
Sunrise Resources Ltd0.02+0.00
Mission Ready Services0.08-0.01
Decisive Dividend Corp2.62+0.12

 





FEATURED Property
23501891114 Oswell Drive
3 bedrooms 3 baths
$594,800
more details
image2image2image2
Click here to feature your property
Please wait... loading


Agree to ask questions

Photo: Thinkstock.comThe STORY: I think, said Janet to herself, that I just figured out a solution to my problem of letting the prospect run the meeting.With that thought in mind, she got out of her c...


Your business is not a bank

Photo: Thinkstock.comYour plumbing business is not a bank. But when you are giving terms to customers that exceed what you get from your suppliers, you become one. And every time that someone does not...


Begin with the end in mind

Photo: ContributedWe humans love our dates: birthdays, anniversaries, 9/11, the Ides of March - our lives are intimately woven within the tapestry of the calendar. So it should come as no surprise whe...

_





26376


Member of BC Press Council


27438