A three-month long preliminary hearing in the fraud trial of Toronto-based Live Entertainment of Canada co-founder and former CEO Garth Drabinsky begins today (Jan. 10) in Toronto.

A three-month long preliminary hearing in the fraud trial of Toronto-based Live Entertainment of Canada co-founder and former CEO Garth Drabinsky begins today (Jan. 10) in Toronto.

The preliminary hearing takes place in a special hearing at Toronto's Old City Hall courthouse. More than two years have passed since the Royal Canadian Mounted Police charged Drabinsky and Livent co-found Myron Gottlieb with 19 counts of fraud. Also charged were former Livent executives Robert Topol and Gordon Eckstein.

The defendants of the failed theatrical company are accused of defrauding creditors as well as investors of more than C$460 million ($372 million) between 1989-1998. Livent was the largest live theater company in North America before it filed for bankruptcy protection in 1998. It handled Canadian productions of "Joseph and the Amazing Technicolor Dreamcoat," "The Phantom of the Opera," and "Kiss of the Spider Woman."