LOS ANGELES (VIP-NEWS) — The former business manager of Alanis Morissette has admitted stealing over $7m from the singer and other celebrities, US prosecutors say.
Jonathan Schwartz was charged with fraud over claims he transferred the singer`s money into his own accounts.
When initially confronted about the theft, Mr. Schwartz lied and said he had invested the money in an illegal marijuana growing business.
Mr. Schwartz handled Morissette`s finances between 2009 and 2016.
He was responsible for collecting revenue, managing her accounts and organizing the payment of bills on her behalf.
At the federal court in Los Angeles on Wednesday, Mr. Schwartz admitted to stealing $4.8m from Morissette and more than $2m from other celebrity clients, who have not been named.
His lawyer, Nathan Hochman, said Mr. Schwartz had co-operated fully with the investigation and had accepted responsibility. – Staff Writers