2 former Broadway producers sentenced for fraud

TORONTO (AP) -- Two co-founders of a Broadway theater company that produced hit shows such as "Ragtime" and "Show Boat" have been sentenced to prison for fraud.

Ontario Superior Court Justice Mary Lou Benotto sentenced Garth Drabinsky to seven years in prison and Myron Gottlieb to six years.

Drabinsky and Gottlieb were co-founders of Livent, a major Broadway theater company in the 1990s. They were convicted of fraud and forgery in March.

A judge ruled the Tony award-winning producers knowingly submitted financial statements to investors misrepresenting their company's circumstances.

(Copyright 2009 by The Associated Press. All Rights Reserved.)

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