The company’s two founders – Garth Drabinsky (chief executive) and Myron Gottlieb (president) – and two other executives were charged with falsifying the financial statements at Livent and misrepresenting its financial health, according to a report in the FT.
They have also been charged in the US with conspiracy and securities fraud. The two other executives named are Gordon Eckstein, former vice-president of finance and Robert Topol, the former chief operating officer.
The charges relate to accounting irregularities from 1989 to 1998, and represent Canada’s first high-profile response to serious financial crime, in the wake of accounting disasters across the border in America.
Livent, a live theatre company with venues in Toronto, Vancouver, New York and Chicago collapsed in 1998.
Both men have repeatedly denied any wrong-doing.
Mark McMullen joins the private client services team from Smith & Williamson
Merger between Clear & Lane Chartered Accountants and Magma Chartered Accountants was finalised on 3 February
BDO has taken its new partner intake to 23 during the first half of its financial year, including the appointment of five partners in five weeks
The firm reports 7.6% global fee income growth for the year ending 31 December 2016