Former Alanis Morissette Manager 'Apologises' For Ripping Off Millions - Noise11.com
Alanis Morissette, music news, noise11.com

Alanis Morissette

Former Alanis Morissette Manager ‘Apologises’ For Ripping Off Millions

by Music-News.com on April 12, 2017

in News

Alanis Morissette’s former music manager’s has publicly apologised for stealing millions from the singer.

In January (17), Jonathan Schwartz pleaded guilty to stealing $4.8 million (£3.9 million) from the Ironic singer, 42, over a period of four years. He also admitted to taking $2 million (£1.6 million) from other clients.

Schwartz, who will be sentenced for his crimes next month (May17), has penned an open letter of apology to his victims, family and colleagues which was published on Tuesday (11Apr7) via The Hollywood Reporter.

The letter begins, “I am writing this open letter to you so that you can learn from my mistakes and never find yourself in the situation I am now in.

“I am a convicted felon who has fully accepted responsibility and pleaded guilty to federal charges related to my embezzling over $7 million (£5.6 million) from my clients and business partners over a six-year period and not paying tax on it.”

Regretting that he had lost a “great family”, “a job that I loved”, he blamed his actions on a gambling addiction.

“The spiral I was in was toxic,” Schwarz writes. “Winning did not make me feel better but losing was intolerable. If I lost, then I had to make it back and when I lost again, the hole I had dug got deeper and deeper.”

The disgraced manager writes he initially “borrowed” small sums from clients in the hope he could pay them back quickly with the winnings from successful wagers, but kept losing until he had taken millions of dollars from his clients.

Apologising to his clients for violating their trust he adds, “I let everybody down, and for that I will spend the rest of my life asking for forgiveness and making amends to everyone I have hurt.”

Alanis has responded to the letter in a statement, which reads: “I would be apprehensive to believe any words that come out of Jonathan Schwartz’s mouth.”

Alanis sued Schwartz and the partners at his former company, GSO Business Management, but dropped the suit after reaching a settlement with them in June last year (16).

Schwartz initially claimed he had invested the money he stole from Alanis in a marijuana business, but now admits this was not true.

Comments

comments

Related Posts

Guns N Roses perform at the MCG in Melbourne on Tuesday 14 February 2017. Guns N Roses are touring Australia on their Not In This Lifetime tour. Photo Ros O'Gorman
Slash Featuring Myles Kennedy & The Conspirators Australia and New Zealand Dates

Slash will tour Australia and New Zealand with his other band The Conspirators in 2019.

6 hours ago
Dave Leslie
Dave Leslie To Host His First Ever Workshop With A Full Band

Baby Animals’ guitarist Dave Leslie has a Guitar Workshop coming up with a full band to showcase.

2 days ago
Christina Aguilera photo by Ros O'Gorman
Christina Aguilera Cancels Second Show Following Voice Problems

Christina Aguilera was forced to pull out of a weekend show in Detroit, Michigan as she continues to struggle with vocal issues.

4 days ago
Coldplay perform at Etihad Stadium in Melbourne on Friday 9 December 2016. Photo by Ros O'Gorman
Mat Whitecross Prepares His Coldplay Documentary For Release

British director Mat Whitecross has completed work on his Coldplay documentary ‘ A Head Full of Dreams’.

4 days ago
Eminem photo by Craig Mcdean
Eminem Brings Rapture To Australia and New Zealand In 2019

Eminem will be back in Australia and New Zealand with the Rapture Tour 2019.

4 days ago
Soundgarden May Continue Without Chris Cornell

Soundgarden have reunited for their first full interview since the death of frontman Chris Cornell last year (17).

October 10, 2018
Marie Wilson
Marie Wilson To Perform 20th Anniversary Real Life Show

Australian singer songwriter Marie Wilson will return to Melbourne in December for a show to mark the 20th anniversary of her ‘Real Life’ album.

October 9, 2018