LOS ANGELES (CelebrityAccess) — A business manager convicted of stealing more than $7 million from Canadian singer Alanis Morissette and others, was sentenced to a six-year stint in federal prison and ordered to pay $8.6 million in restitution.
According to the Los Angeles Times, Jonathan Todd Schwartz, 47, wept and apologized at the hearing. He expressed remorse and took full responsibility for his behavior.
"I alone am responsible for the devastation," he said, per the Times. "I will spend the rest of my life asking for forgiveness."
Schwartz, who handled Morissette’s finances between 2009 and 2016, was charged with fraud and tax crimes. He acknowledged stealing nearly $5 million from Morissette between May 2010 and January 2014 and admitted to stealing more than $2 million from five unnamed clients when he worked at GSO Business Management.
In a victim statement, Morissette said that Schwartz had robbed her of her "trust and money."
"He did this in a long, systematic, drawn-out and sinister manner" that would have bankrupted the singer within three years had the thefts continued, Morissette said. – Staff Writers