Fraud in the News

Fraud, the ‘jagged little pill’

According to the Jan. 19 The Hollywood Reporter article, Alanis Morissette Claims Ex-Business Manager Stole $4.7M, by Ashley Cullins, Morissette was robbed of at least $4.7 million by her former business manager, Jonathan Schwartz, according to a complaint filed in Los Angeles County Superior Court.

According to the article, the singer is suing Schwartz and GSO Business Management for breach of fiduciary duty, conversion, fraud and negligence. Schwartz handled Morissette’s finances from 2009 to 2016 and was responsible for collecting income, managing investment accounts and paying bills on her behalf. According to the complaint, she fired him in March because Schwartz failed to respond in a timely manner to her requests for information about her finances.

According to the article, when Morissette’s new business manager took over, he found at least 116 cash transfers to Schwartz from her accounts during a four-year period, totaling more than $4.7 million.

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