A business manager who stole more than $7 million from a popular alt-rock singer and others was sentenced Wednesday to six years in federal prison. The AP reports that Jonathan Todd Schwartz, who stole the bulk of the money from Alanis Morissette, was also ordered to pay $8.6 million in restitution.
“Schwartz acknowledged stealing nearly $5 million from Morissette between May 2010 and January 2014 and more than $2 million from five unnamed clients when he worked at GSO Business Management, a firm that touted relationships with entertainers such as Katy Perry, 50 Cent and Tom Petty,” the AP reports.
Schwartz, 47, apologized during the hearing. The report quotes him saying: “I alone am responsible for the devastation. … I will spend the rest of my life asking for forgiveness.”
“He could have faced more than 20 years in federal prison after pleading guilty to wire fraud and tax crimes but Judge Dolly Gee hewed to sentencing guidelines that suggested around five to six years,” the AP notes.
Morissette provided a victim statement for the hearing that urged a stiff sentence for Schwartz. She noted in it that when the embezzlement was uncovered by a new money manager, “It was at this time, I realized he also stole my dreams.”
Morissette is a multiple Grammy winner whose 1995 album “Jagged Little Pill” sold more than 33 million copies worldwide. The album produced one of her biggest hits in “Ironic,” a song that has been widely jeered for its string of supposedly ironic references that are not in fact ironic (“like rain on your wedding day,” “a traffic jam when you’re already late,” etc.).
Somewhat ironically, Morissette’s song “Ironic,” with its repeated misuse of the term “ironic,” has been credited with helping to get the word out about how the word should be used. It also has been called ironic that the song has received at least as much attention for not being ironic as it has for its intended showcasing of irony.
Morissette herself eventually admitted that she gets it now and the song contains no irony. She has reportedly said: “The irony of ‘Ironic’ is that it’s not an ironic song at all.”
Here’s the song …