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Livent founders get prison terms

August 06, 2009|TIMES WIRE REPORTS

Two founders of a Broadway theater company that produced 1990s hits "Ragtime" and "Show Boat" have been sentenced to prison in Canada for accounting fraud.

Livent co-founders Garth Drabinsky, 63, and Myron Gottlieb, 66, were convicted in March of two counts of fraud and one count of forgery each.

Drabinsky was sentenced to a seven-year term; Gottlieb was given a six-year term.

Toronto-based Livent filed for bankruptcy in 1998 after the fraud was revealed.

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