Alanis Morissette Manager Admits to Stealing Nearly $5M From Singer
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.
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.
His plea…