Broadway producer begins hearing with Ontario Securities Commission

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Livent founder Garth Drabinsky, the Broadway producer of such Tony-winning works as Ragtime and Kiss of the Spider Woman, began his hearing with the Ontario Securities Commission earlier this week. He was convicted of fraud in Canada in 2009.

Drabinsky admitted to his role in creating a fraud. He is not challenging those charges but is seeking to overturn the penalties, which include barring him from trading securities and acting as an officer or director of a company, according to The Globe and Mail.

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This article is summarized by Canadian Fraud News Inc.