Jonathan Todd Schwartz, an accountant who had managed Canadian singer Alanis Morissette among other celebrities, is heading to jail after a court had found him guilty of stealing upwards of $5 million from Morissette and about $2 million more from other clients. According to CNN, Morissette characterized the scheme as "long, drawn-out, calculated and sinister."
When Morissette had originally noticed the missing income, Schwartz had told her he had invested the money in an illegal marijuana growing operation — an especially ironic lie considering Morissette's brief stint on the TV show Weeds about just that. Alanis added that she would have been bankrupted in three years if he had continued to steal in this way.
"Mr. Schwartz used his clients' funds as a personal ATM machine and, in doing so, financially victimized his clients and colleagues," said Deirdre Fike, the assistant director in Charge of the FBI's Los Angeles Field Office.
Morissette's stolen money has been reimbursed through insurance or directly by GSO. Schwartz was additionally charged of falsifying tax reports from 2012. He reportedly owed $2 million worth of tax of the pilfered funds: "As today's sentence shows, no matter what the source of income, all income is taxable," said IRS Criminal Investigation Special Agent in Charge R. Damon Rowe. "Including money you steal from your employer and clients to fund a lavish lifestyle."
"I alone am responsible for the devastation," he said. "I will spend the rest of my life asking for forgiveness."
"The spiral I was in was toxic," Schwartz also wrote. "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. I felt weak and powerless, terrified by my internal demons that I was turning into my father."
Assistant U.S. Attorney Ranee Katzenstein was not buying it: "Every expression of remorse he has made and every purported act of self-improvement he has taken occurred only after he realized he had no 'choice' to do otherwise."
Schwartz will serve six years in prison for his crimes.
[Photo: Getty Images]