Two theatre heavyweights who defrauded investors by systematically cooking the books for years at Livent Inc. were each sentenced to several years in prison Wednesday by an Ontario judge keen to denounce the dangers of corporate fraud.
Garth Drabinsky was sentenced to seven years in prison and his business partner Myron Gottlieb was sentenced to six years.
They were granted bail of $350,000 each pending appeal and were free Wednesday afternoon. Drabinsky and Gottlieb must surrender their passports and not act as the director of any company.