Former manager of singer Alanis Morissette to spend six years behind bars for stealing $5M from her
5 May 2017 Entertainment News
Fourth Estate Staff
Los Angeles, CA, United States (4E) – The former manager of singer Alanis Morissette will be spending six years in jail after it was proved that he stole more than $5 million from her.
The manager, Jonathan Todd Schwartz, was sentenced by a California federal judge. He was charged with embezzlement, wire fraud and filing a false tax return. Initially, Schwartz asked to serve only a year and a day in prison and a house arrest for the remaining years on top of 2,000 hours of community service. He and his legal team said his gambling addiction pushed him to steal from Morissette and in a letter he published last month, he promised he will repay his debts. Despite these, his request for a lighter sentence was not granted.
Schwartz will also have to pay $8.6 million in restitution. He will be supervised for three years after he finishes his time in jail. He was also ordered to participate in an outpatient addiction treatment and has to have regular drug testing as well as mental health counseling.
Morissette said during her testimony on Wednesday that because of what Schwartz did, she is having a difficult time to trust people. Morissette added, "He did this in a long, systematic, drawn-out and sinister manner."
Morissette decided to get a new money manager after Schwartz was not able to explain her investments. Morissette said Schwartz stole his dreams.
Schwartz admitted to stealing more than $5 million from Morissette from May 2010 to January 2014. He also said he stole around $2 million from his other clients. He was part of GSO Business Management, which is a firm that helps entertainers manage their money.
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