Wednesday, March 4th-0.7°C
25405
22952

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 TSX15055.93-77.92
S&P CDNX697.10-5.20
DJIA18114.75-88.62
Nasdaq4968.816-11.085
S&P 5002098.03-9.75
CDN Dollar0.8054+0.0048
Gold1200.10-3.90
Oil52.19-0.31
Lumber289.70-4.70
Natural Gas2.762+0.05

 
Okanagan Companies
Pacific Safety0.13-0.005
Knighthawk0.010.00
QHR Technologies Inc1.55-0.05
Cantex0.035-0.005
Anavex Life Sciences0.1750.00
Metalex Ventures0.04-0.005
Russel Metals24.82-0.39
Copper Mountain Mining1.24-0.01
Colorado Resources0.125-0.01
ReliaBrand Inc0.0065-0.0015
Sunrise Resources Ltd0.045-0.005
Mission Ready Services0.21-0.005

 



24279

FEATURED Property
21995422750 Lakeview Road
4 bedrooms 3 baths
$669,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Refinance your mortgage?

Canadian Mortgage rates are low and could be dropping down in time for the spring market following a drop in the Bank of Canada Rate on January 21 by 1/4% which will save new buyers and those with mo...


Creating your retirement vision

A vision means different things to different people. To the head of a large corporation, it’s the ability to chart a course that will deliver success (think Steve Jobs and Apple), to a shaman, i...


It's OK to say 'I'm sorry'

Photo: ContributedStand-up comedians and sitcoms have been making fun of Canadians for being polite as long as I can remember. Being known for our niceness is certainly not a bad thing and I wish more...

_








Member of BC Press Council


24681