13 Apr 2017 01:37 PM EST
-by Laura Tucker, Staff Writer; Image: Alanis Morissette (Image Source: livepict.com via Wikimedia Commons)
It doesn't sound like Alanis Morissette is very convinced that her ex-business manager is truly sorry for embezzling millions from her. He did finally admit to it earlier this year and is now apologizing for stealing from her and other clients, but she remains guarded, to say the least.
Jonathan Todd Schwartz was charged with wire fraud and filing a false tax return for not reporting the funds he embezzled. This missing money was discovered after Morissette switched managers, and her money manager found millions of dollars missing.
When initially confronted about stealing from Morissette, he lied and said he invested her money in "sundry/personal expenses."
Schwartz was working for GSO Business Management who routinely works with entertainers. They reviewed his other work and found the other thefts, and he was let go. The company eventually repaid what he had stolen.
Morissette filed a lawsuit against Schwartz last May, and they eventually reached a confidential settlement.
A few months made a difference, as he admitted back in January to embezzling more than $7 million from Morissette and other clients. Nearly $5 million alone was from Morissette over a period of four years. His other victims have gone unnamed.
He agreed to a plea deal that would give him between four and six years in federal prison but could have been sentenced up to 23 years for his crimes. His sentencing is scheduled for May 3.
Now just weeks before he is sentenced, Schwartz wrote an open letter that was published by The Hollywood Reporter. In it, he explains what happened, that he took the money to pay off his gambling debts that were accrued from an addiction that he used to help him deal with his stressful job.
"At first I 'borrowed' a little from clients with the hopes that I would pay them back if I won that night's bet," he wrote. "That snowballed, and as I kept losing, I kept stealing. I kept telling myself that I just needed one lucky break, and I'll pay them back."
But he never found that lucky break before getting caught."[W]hen I was finally caught, a bright spotlight shined on my deplorable conduct," he continued. "I could not hide any longer and hit rock bottom. By seeing how pathetic I had become, I finally got the courage to ask for help."
"[W]hen I was finally caught, a bright spotlight shined on my deplorable conduct," he continued. "I could not hide any longer and hit rock bottom. By seeing how pathetic I had become, I finally got the courage to ask for help."
He has now been more than 300 days sober and is trying to make amends by apologizing to those he hurt.
Morissette issued a response to his letter.
"I would be apprehensive to believe any words that come out of Jonathan Schwartz's mouth," she said.
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