Jan 20, 2014
By Michael Kramer
Disgraced ex-theatre CEO Garth Drabinsky has been granted full parole.
In 2009 Drabinsky was sentenced to five years in prison after he and his business partner Myron Gottlieb were convicted of fraud in a scheme involving Livent – the theatre production company behind such hits as Phantom of the Opera and Ragtime.
The demise of the publicly traded company ultimately cost investors an estimated $500 million dollars.
Drabinsky served part of his sentence in prison before being released to a Toronto halfway house in late 2012.
For five nights a week he’s been reporting to a halfway house in downtown Toronto after being released on day-parole in February, 2013.