My selection of industri news

Myron Gottlieb and Garth Drabinsky, who co-founded Broadway theatre company Livent in the 90s are facing criminal charges for accounting fraud. The Tony award-winning duo established the Broadway theatre company which produced successful shows such as “Show Boat” and “Ragtime.” The Toronto-based organization was once the most successful theatre company in North America as it controlled theatres in Chicago, New York, Vancouver and Toronto.
The row dates back to 1999 when the two were indicted for allegedly submitting false financial statements that helped increase the corporation’s shareholder value by over $100 million. After nearly a decade the two ex-producers finally received their sentence as the judge gave them a maximum of 14 years behind bars. Turns out, even Broadway has its share of fraud and corruption.