Alanis Morissette’s ex-manager sentenced to 6 years for fraud

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Canadian singer Alanis Morissette’s former manager has been sentenced to six years in federal prison for embezzling more than US$7 million from Morissette and five other unnamed clients.

Morissette testified in Los Angeles on Wednesday against Jonathan Schwartz, a money manager to the stars, saying he stole more than her money, “he also stole my dreams.”

“He did this in a long, systematic, drawn-out and sinister manner,” Morissette said. She told the court that if the thefts were to have continued, she would have been bankrupt within three years.

Schwartz, 47, blamed his gambling addiction for the thefts. Prosecutors sought just over five years in prison for the crimes, but U.S. District Judge Dolly Gee said she thought Schwartz deserved more time. She noted that while the gambling addiction may explain the wire fraud and tax crimes, it didn’t excuse them and ordered Schwartz to pay $8.6 in restitution.

Read more at CBC News

This article is summarized by Canadian Fraud News Inc.