Drabinsky goes down.
- Thread starter rafterman
- Start date
stang said:
Brings the play/movie "The Producers" to mind. Zero Mostel would have made a great Garth.
jwm
Was watching the news on TV and someone used a baseball analogy. Both baseball players and businessmen cheat. Baseball players cheat using steroids and businessmen use accounting tricks.
About Greespan, yes last high profile client in jail and another on his way but if they didn't have him it would've been more years and yes he did get Conrad a lighter sentence. Imagine how he feels, playing poker and you already know the guy next to you already has 3 aces and you have a pair. What are the odds of you winning?.
If they can't accept responsibility and at least pretend to show some remorse, fuck them.
Throw the book at them.
I wouldn't be surprised it they only get a 2-3 year sentence.
I wonder what they would be looking at in the US.
10+ years?
Throw the book at them.
I wouldn't be surprised it they only get a 2-3 year sentence.
I wonder what they would be looking at in the US.
10+ years?
I have a couple of questions???...
Why did take Canadian authorities 11 years to bring this to trial and get a conviction?It took the Americans half that time to convict Conrad and look how quickly they handled Enron.
Secondly,when is the last time Eddie Greenspan actually won a case???
Why did take Canadian authorities 11 years to bring this to trial and get a conviction?It took the Americans half that time to convict Conrad and look how quickly they handled Enron.
Secondly,when is the last time Eddie Greenspan actually won a case???
Drabinsky is a crook
Op-ed from Today's Globe.
Got to love the quote from his 'henchman'... "these are the real #$%# numbers."
Wonder if the poor whistleblower they sued for libel and forced to apologize for saying their numbers were wrong in 2005 has any recourse thirteen years later.
Op-ed from Today's Globe.
Got to love the quote from his 'henchman'... "these are the real #$%# numbers."
Wonder if the poor whistleblower they sued for libel and forced to apologize for saying their numbers were wrong in 2005 has any recourse thirteen years later.
It cost the whistlblower...
$350k out of his own pocket and now he is vindicated.
$350k out of his own pocket and now he is vindicated.
rafterman said:
I knew a few folks high and low who worked inside the Garth hothouse, and it wasn't pretty. I wish I felt sorry for Garth.
LancsLad said:Jew think that one up by yourself, or do you have a team of writers?????
.
Are you Anglican for a reply?
Throw the book at these remorseless lying assholes!!
I hope they get 10 years.
THE WITNESSES
14 people testified at the trial of Garth Drabinsky and Myron Gottlieb. Peter Small recaps what some of them said
GORDON ECKSTEIN
Livent's senior vice-president of finance and administration testified that Drabinsky and Gottlieb ordered him to falsify the books to make the company appear more profitable. "We would start off with a loss and make certain adjustments to end up with a profit." He said he prepared documents for his bosses clearly showing the real and fraudulent numbers so they could not later deny their role.
RAYMOND CHEONG
Livent's former IT manager testified he modified the firm's accounting program so staff could erase entries without leaving an audit trail. "A change was made to allow intercompany transactions to be unposted," he said. He agreed under cross-examination that Drabinsky and Gottlieb had no access to the computerized accounting system and couldn't use computers.
PETER KOFMAN
The engineering consultant for Livent testified he was persuaded to pay invoices to Gottlieb and Drabinsky for millions of dollars in services he never performed, recouping money by inflating his bills. Kofman said in 1997 he was asked to buy thousands of dollars in tickets for Livent's Ragtime production in L.A. His firm would later be repaid by billing the same amount.
GRANT MALCOLM
Livent's former production controller said his full-time job was hiding or misreporting expenses to boost the theatre production company's bottom line. He said he knew it was wrong. "I did what was expected of me." Livent accounting staff didn't think they would get caught, he said. "We believed the nature of the manipulations we were doing were for the most part undetectable."
ROBIN PULLEN
The former vice-president of administration for Echo Advertising said Eckstein asked him to cancel December 1994 bills worth $500,000 and reissue them the following year. He got a similar request for 1995. At first, he issued credit notes to Livent for the cancelled bills, but eventually Livent was heading off Echo's invoices before they were issued. "So there was no need to issue a credit note."
DIANE WINKFEIN
Livent's former corporate controller ensured the numbers presented to Livent's board of directors coincided with the false numbers in financial statements. She said Gottlieb "smirked and looked away" when she asked if he wanted her to lie to the new team taking over Livent about financial irregularities. She said she understood Drabinsky ran Livent and "very little happened without his ... approval."
MARIA MESSINA
Formerly an outside auditor, she was hired to be Livent's chief financial officer. She said she was unaware of the fraud at first, and when she found out she was paralyzed with fear of her two bosses, "men of power and money ..." It was a year before she could summon the courage to blow the whistle. She pleaded guilty in 1999 to the U.S. charge of making false statements about Livent's finances. She has still not been sentenced.
CHRIS CRAIB
He was an outside auditor before joining Livent to take charge of budgeting and forecasts. He said he attended a meeting on April 24, 1998, where Drabinsky and Eckstein made "completely arbitrary" changes to the financial records. The judge, however, concluded the meeting did not take place. Craib said he prepared executive summaries that clearly showed expenses improperly "rolled forward" into future quarters.
TONY FIORINO
Livent's former construction controller created bogus accounting categories in which to disguise production expenses as capital costs. He said he took his orders from Eckstein, who bullied staff and behaved as if he were omnipotent. He agreed he never discussed the improper accounting with Drabinsky and relied on Eckstein's word, largely, for his belief the theatre producer played a role in cooking the books.
ROY WAYMENT
The former operator of Execway Construction testified that in 1990 Drabinsky and Gottlieb's private company, King Commodity Services, would bill his company for tens of thousands of dollars in services and he in turn would invoice the executives.
"Myron's chauffeur would take a cheque to my office and my office would give the driver a cheque of equal amount made out to King Commodities."
I hope they get 10 years.
THE WITNESSES
14 people testified at the trial of Garth Drabinsky and Myron Gottlieb. Peter Small recaps what some of them said
GORDON ECKSTEIN
Livent's senior vice-president of finance and administration testified that Drabinsky and Gottlieb ordered him to falsify the books to make the company appear more profitable. "We would start off with a loss and make certain adjustments to end up with a profit." He said he prepared documents for his bosses clearly showing the real and fraudulent numbers so they could not later deny their role.
RAYMOND CHEONG
Livent's former IT manager testified he modified the firm's accounting program so staff could erase entries without leaving an audit trail. "A change was made to allow intercompany transactions to be unposted," he said. He agreed under cross-examination that Drabinsky and Gottlieb had no access to the computerized accounting system and couldn't use computers.
PETER KOFMAN
The engineering consultant for Livent testified he was persuaded to pay invoices to Gottlieb and Drabinsky for millions of dollars in services he never performed, recouping money by inflating his bills. Kofman said in 1997 he was asked to buy thousands of dollars in tickets for Livent's Ragtime production in L.A. His firm would later be repaid by billing the same amount.
GRANT MALCOLM
Livent's former production controller said his full-time job was hiding or misreporting expenses to boost the theatre production company's bottom line. He said he knew it was wrong. "I did what was expected of me." Livent accounting staff didn't think they would get caught, he said. "We believed the nature of the manipulations we were doing were for the most part undetectable."
ROBIN PULLEN
The former vice-president of administration for Echo Advertising said Eckstein asked him to cancel December 1994 bills worth $500,000 and reissue them the following year. He got a similar request for 1995. At first, he issued credit notes to Livent for the cancelled bills, but eventually Livent was heading off Echo's invoices before they were issued. "So there was no need to issue a credit note."
DIANE WINKFEIN
Livent's former corporate controller ensured the numbers presented to Livent's board of directors coincided with the false numbers in financial statements. She said Gottlieb "smirked and looked away" when she asked if he wanted her to lie to the new team taking over Livent about financial irregularities. She said she understood Drabinsky ran Livent and "very little happened without his ... approval."
MARIA MESSINA
Formerly an outside auditor, she was hired to be Livent's chief financial officer. She said she was unaware of the fraud at first, and when she found out she was paralyzed with fear of her two bosses, "men of power and money ..." It was a year before she could summon the courage to blow the whistle. She pleaded guilty in 1999 to the U.S. charge of making false statements about Livent's finances. She has still not been sentenced.
CHRIS CRAIB
He was an outside auditor before joining Livent to take charge of budgeting and forecasts. He said he attended a meeting on April 24, 1998, where Drabinsky and Eckstein made "completely arbitrary" changes to the financial records. The judge, however, concluded the meeting did not take place. Craib said he prepared executive summaries that clearly showed expenses improperly "rolled forward" into future quarters.
TONY FIORINO
Livent's former construction controller created bogus accounting categories in which to disguise production expenses as capital costs. He said he took his orders from Eckstein, who bullied staff and behaved as if he were omnipotent. He agreed he never discussed the improper accounting with Drabinsky and relied on Eckstein's word, largely, for his belief the theatre producer played a role in cooking the books.
ROY WAYMENT
The former operator of Execway Construction testified that in 1990 Drabinsky and Gottlieb's private company, King Commodity Services, would bill his company for tens of thousands of dollars in services and he in turn would invoice the executives.
"Myron's chauffeur would take a cheque to my office and my office would give the driver a cheque of equal amount made out to King Commodities."
The man cheated, just like those baseball players on steroids. He will not go into the Threatre Hall of Fame. He should go to jail, just like Conrad Black and Peter Puck.
