The Canadian Press

2002-10-22 | Livent Charges

Preview Clip

The founders of one of Canada's most prominent entertainment companies were charged October 22nd with 19 counts of fraud. Former Livent owners Garth Drabinsky and Myron Gotlieb faced accusations of falsifying financial statements at their former theatre company. RCMP Inspector Craig Hannaford said investigators suspected the two former executives and others at the defunct company defrauded creditors and investors of about 500 million dollars.

Date: 2002-10-22
Placeline: TORONTO, Ontario.
Source: The Canadian Press
Length: 15 seconds

Transcript Prediction: << I would say bye based on that the dollar value of what we're Legend here this would have to be one of the larger commercial frauds that the RCMP has investigated I can't say for certain that this is the largest but it certainly would be a very significant one >>