Manager Admits He Embezzled $4.8M From Alanis Morissette
Jonathan Todd Schwartz, an entertainment and sports manager, admitted in court papers today that he embezzled more than $6.5 million from his clients – including $4.8 million from singer Alanis Morissette. Schwartz, a former partner at GSO Business Management in Sherman Oaks, CA, admitted in a plea agreement with the U.S. Attorney’s office that he took clients’ money for himself and falsified account records to conceal the embezzlement of client funds. He’s been charged with wire fraud and subscribing to a false tax return for failing to disclose the embezzled funds to the Internal Revenue Service.
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