Alanis Morissette's Former Manager Admits to $4.8M Embezzlement From Musician - NBC Bay Area

Alanis Morissette's Former Manager Admits to $4.8M Embezzlement From Musician

He used the money personally and falsely listed the cash withdrawals as "sundry/personal expenses" to cover up the crime

    processing...

    NEWSLETTERS

    Alanis Morissette's Former Manager Admits to $4.8M Embezzlement From Musician
    Kevin Winter / Getty Images, File
    Singer Alanis Morissette performing during the 2015 American Music Awards.

    The former business manager for Alanis Morissette admitted embezzling more than $7 million from the singer and other celebrities and agreed to plead guilty to federal charges, prosecutors said Wednesday.

    Jonathan Todd Schwartz, 48, of Los Angeles, was charged with wire fraud and filing a false tax return for failing to report the embezzled funds, prosecutors said. 

    Schwartz admitted stealing nearly $5 million from Morissette between May 2010 and January 2014. He used the money personally and falsely listed the cash withdrawals as "sundry/personal expenses" to cover up the crime. 

    When confronted about the theft, Schwartz lied and said he invested the money in an illegal marijuana growing business, prosecutors said. 

    ‘Tonight’: Jimmy Fallon and Lin-Manuel Miranda Sing Holiday Parodies

    [NATL] ‘Tonight’: Jimmy Fallon and Lin-Manuel Miranda Sing Holiday Parodies

    Lin-Manuel Miranda and Jimmy Fallon sing a medley of popular songs from 2018, like Migos' "Stir Fry," Ariana Grande's "No Tears Left to Cry" and Cardi B's "I Like It," and change the lyrics to make them about the holiday season.

    (Published Tuesday, Dec. 18, 2018)

    Schwartz also admitted to stealing $2.3 million from five other clients who were not named in court documents or disclosed by attorneys in the case.

    Defense lawyer Nathan Hochman said Schwartz had fully cooperated with investigators and accepted responsibility.

    He faces up to 23 years in federal prison if convicted, though his plea deal calls for a sentence between four and six years.

    Schwartz had worked for GSO Business Management, a company whose website touts the financial guidance it provides to several high-profile celebrities. A company representative said Schwartz no longer worked there.

    Morissette sued Schwartz last year in Los Angeles Superior Court, but the lawsuit was dismissed after GSO and Morissette announced a settlement. Morissette's publicist had no comment.

    Schwartz is scheduled to appear Feb. 1 in U.S. District Court.

    'Late Night’: Ronan's 'Mary Queen of Scots' Costume Altered Her

    [NATL] 'Late Night’: Ronan's 'Mary Queen of Scots' Costume Altered Her

    Saoirse Ronan talks about the physically altering effects of the costumes for "Mary Queen of Scots," acting with Margot Robbie and orchestrating dramatic plots for her childhood dolls.

    (Published Tuesday, Dec. 18, 2018)