Alanis Morissette’s former business manager is headed to the slammer after admitting to stealing millions of dollars from the singer. A California federal judge reportedly sentenced Jonathan Schwartz to six years in prison on charges of embezzlement, wire fraud and filing a false tax return.
After admitting to stealing nearly $5 million from Morissette, Schwartz initially asked to serve one year and one day in prison followed by a year of house arrest and 2,000 hours of community service. During trial, the former GSO manager blamed his actions on a gambling addiction and in an open letter published in The Hollywood Reporter in April promised to right his wrongs and repay his debts. His requests were denied.
While testifying during Schwartz's sentencing Wednesday, Morissette told the judge that her ex-manager’s actions have had an adverse effect on her ability to trust people. Regarding Schwartz's gambling addiction claim, which his lawyers asked the judge to consider in her ruling, Morissette said she believed Schwartz “had an alibi set up from the start.”
In addition to serving the prison sentencing, Schwartz will have to pay $8.6 million in restitution—he also admitted to stealing about $2 million from other GSO clients. Following his release, Schwartz will be supervised for three years, during which time he will have to participate in outpatient addiction treatment, regular drug testing and mental health counseling.
To be fair, Schwartz isn't the only person who has been accused of stealing assets from an artist under management. Check out this list of a few others:
1. Matthew Knowles: Beyoncé fired her father, who was her longtime manager, in 2011 after Live Nation came forward with accusations that Knowles had stolen money the singer earned from her 2011 world tour.
2. Frank Webber: “Piano Man” Billy Joel sued his former brother-in-law in 1989, alleging he stole $30 million, and sought another $60 million in the lawsuit for punitive damages. They eventually settled for $8 million.
3. Jerry Heller: The man responsible for N.W.A’s rise to fame was accused of skimming money off the top by Dr. Dre and Ice Cube, which ultimately led to the group’s separation in 1991 after the two decided to part ways from Heller. Eazy-E, the third member of the rap group, remained friends with Heller, who denied Cube and Dre’s accusations. He died in 1995.
4. Keith Moore: Sting’s former financial adviser swindled $9.8 million from the rock star over the course of 15 years. Moore was eventually sentenced to six years in prison after creating 100 different financial accounts for the “Desert Rose” singer and stealing money out of each of them.
5. Andrew Haydon: Sir Elton John in 2000 sued Haydon, his former business manager, and Haydon's entire accounting firm, PricewaterhouseCoopers, over claims that they mismanaged $29 million of assets he earned from his tour. John ended up losing the lawsuit due to a lack of evidence.
6. Berdon LLP: The Caribbean-born pop star Rihanna in 2012 sued her former accountants, Berdon LLP, after discovering members of the firm had pocketed 22 percent of the money generated from her Last Girl on Earth tour (she saw only 6 percent of the profits). Eventually RiRi and the firm came to terms on a settlement, with Berdon LLP having to cough up $10 million.
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