Tik Tok Live Feed: A Conversation With Johnathan Todd Schwartz
Jonathan Todd Schwartz is a former business manager who gained notoriety for embezzling over $7 million from his clients, including singer Alanis Morissette. Between May 2010 and January 2014, Schwartz stole nearly $5 million from Morissette by falsely categorizing the funds as "sundry/personal expenses." He also admitted to embezzling an additional $2.3 million from five other clients during his tenure at GSO Business Management, a firm that served high-profile clients such as Katy Perry, 50 Cent, and Tom Petty.
The thefts were uncovered after Morissette hired a new business manager who discovered the missing funds. Schwartz initially claimed that the money had been invested in an illegal marijuana business, but this was later proven to be false. At his sentencing in May 2017, Schwartz was sentenced to six years in federal prison, ordered to pay $8.6 million in restitution, and placed on three years of supervised release. He expressed deep remorse, stating, "I will spend the rest of my life asking for forgiveness".
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The thefts were uncovered after Morissette hired a new business manager who discovered the missing funds. Schwartz initially claimed that the money had been invested in an illegal marijuana business, but this was later proven to be false. At his sentencing in May 2017, Schwartz was sentenced to six years in federal prison, ordered to pay $8.6 million in restitution, and placed on three years of supervised release. He expressed deep remorse, stating, "I will spend the rest of my life asking for forgiveness".
https://linktr.ee/Unforbiddentruth
Become a supporter of this podcast: https://www.spreaker.com/podcast/unforbidden-truth--4724561/support.
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