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
- Amanda Todd case BC - 8:18 am
- Get a massage at the beachPenticton / S. Okanagan - 9:34 am
- Semi flips on 97CBC - 7:30 am
- Vernon parking fees dropVernon / N. Okanagan - 5:00 am
|QHR Technologies Inc||1.29||+0.07|
|Anavex Life Sciences||0.375||0.00|
|Copper Mountain Mining||2.35||-0.07|
|Sunrise Resources Ltd||0.025||-0.005|
|Mission Ready Services||0.25||+0.02|
With all of the adventure activities I have done and still do, I wonder sometimes if the edge still exists. The systematic approach to learning a new adventure or extreme activity combined with the r...
How much time should you put into prospecting? The question is a bit of a puzzle. Ideally, there would be a reference book that lists, by industry, how much time you should invest in prospecting acti...
The Big Picture Valuation fears grip markets Growing concerns about the level of stock market valuations sparked a risk-off trade in global markets this week. Investors are worried that many companies...