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

Chris Cornell, the Palais Theatre St Kilda. Photo by Ros O'Gorman
Watch The Video For Chris Cornell’s Final Song The Promise

A video for ‘The Promise’, the final song by Chris Cornell, has been released.

3 hours ago
Green Day Gods Favourite Band
Green Day Slam Trump In Scathing New ‘Back In The USA’ Video

Green Day have a new American Idiot and his name is Donald Trump.

3 hours ago
Boyz II Men
Boyz II Men and TLC To Hit Australian Wineries

Boyz II Men and TLC will perform for the first of the RNB Winery Series in February.

20 hours ago
Coolio, Noise11, Photo
Now Coolio Wants To Become A Politician

Rap veteran Coolio has reportedly set his sights on making a bid for the office of U.S. Vice President in 2020, with a former porn star as his running mate.

1 day ago
Christine Anu - Image By Ros O'Gorman, Noise11, photo
Christine Anu To Receive National Songwriting Award

Christine Anu will be recognised for her decades of work with a Lifetime Achievement Award for Contribution to Australia’s First Nations Music.

2 days ago
Stone Temple Pilots
Stone Temple Pilots Recruit Reality Show Contestant As New Singer

Stone Temple Pilots will continue with reality show contestant Jeff Gutt as their new lead singer.

3 days ago
Chuck Mosley
Faith No More Singer Chuck Mosley May Have Died From Heroin Overdose

Chuck Mosley, the original lead singer of Faith No More, is suspected to have died from a heroin overdose.

3 days ago