Music Biz News:
Music Biz: Alanis Morissette’s Manager Pleads Guilty Stole $4.8 Million
Turns out Alanis Morissette wasn’t the only one with a hand in her pocket — her former business manager admits to ripping her off for millions, and has now copped a plea with federal prosecutors.
Jonathan Schwartz pled guilty to 2 felonies connected to an embezzlement scheme that fleeced Alanis of $4.8 million. According to the feds … Schwartz, who has also managed Beyonce and Mariah, admits to jacking the cash from the singer over 4 years. He says he also took about $1.7 mil from other clients.
However, he’s not pleading to the embezzlement — instead the feds got him on wire fraud and filing a false tax return … for the money he stole. He had been facing up to 23 years in federal lockup, but is now hoping the judge will provide leniency.
TMZ broke the story — Alanis sued Schwartz last year for the theft. According to court records, she reached a settlement with him in June 2016.
