Wednesday, July 1st30.2°C
25936
26015

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 TSX14553.33+63.18
S&P CDNX671.49+4.40
DJIA17757.91+138.40
Nasdaq5013.12+26.26
S&P 5002077.42+14.31
CDN Dollar0.7942-0.0003
Gold1168.70-2.80
Oil57.65-0.05
Lumber288.90+0.60
Natural Gas2.801+0.018

 
Okanagan Companies
Pacific Safety0.16-0.01
Knighthawk0.010.00
QHR Technologies Inc1.52-0.01
Cantex0.04-0.01
Anavex Life Sciences0.451+0.001
Metalex Ventures0.075+0.010
Russel Metals22.73+0.05
Copper Mountain Mining1.16-0.01
Colorado Resources0.08-0.02
ReliaBrand Inc0.006-0.000
Sunrise Resources Ltd0.04+0.01
Mission Ready Services0.185+0.015
Decisive Dividend Corporation2.50+0.42

 





FEATURED Property
2222017619 Denali Drive
4 bedrooms 4 baths
$1,149,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Active listening

Has this ever happened to you? You had an initial meeting with a prospect. You asked that prospect what seemed to be all the right questions. You had what felt to you like a good conversation, and bas...


The price of money

Money is not a commodity. By definition, a commodity is a generic product that is bought and sold on price alone. Money, Canadian bills for example, look the same, smell somewhat the same, and are ava...


TFSA strategies

Photo: Thinkstock.comThe federal government has increased the annual contribution limit of Tax-Free Savings Accounts (TFSA) to $10,000. Going forward, the annual limit will no longer be indexed to inf...

_



26370




Member of BC Press Council


26432