Broadway Producers Garth Drabinsky and Myron Gottieb have been convicted of two counts of fraud and one count of document forging.
Drabinsky and Gottieb are the co-founders of the production company Livent Inc.
Livent won a Tony Award for producing Fosse, and was nominated for producing Ragtime.
The fraud ruling was made by Ontario Superior Court Justice Mary Lou Benotto. An investigation has been underway at the Toronto-based company for the past ten years.
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