One time heavy hitter, Jonathan Schwartz, then considered one of the more trustworthy business managers in Hollywood

A Hollywood manager who embezzled $7million from clients which including singer Alanis Morissette has penned a groveling apology letter asking for their forgiveness.
Jonathan Schwartz, 48, was convicted of embezzlement in January after pleading guilty to stealing $4.8million from Morrisette and another $1.7million from other clients. He will be sentenced in May.
On Tuesday, The Hollywood Reporter published a letter by the disgraced L.A.-based manager which detailed his descent from career success and popularity to an out-of-control gambling addiction.
‘Since college I was a gambling addict….I lived a double life since no one other than my bookie knew I had this “dark” side,’ he wrote.

He was arrested in 2016 after being replaced by a new manager who spotted discrepancies among  the star’s finances and alerted her.
Morissette sued the company he worked for, GSO Business Management, for $15million but the case was settled for an undisclosed amount. Schwartz admitted embezzlement in a criminal court in January.
In his letter on Tuesday, he told how he began by ‘borrowing’ small amounts from the star to feed his habit, naively hoping he would be able to pay her back.
‘At first, I “borrowed” a little from clients, with the hopes that I would pay them back if I won that night’s bet. That snowballed, and as I kept losing, I kept stealing.
‘I kept telling myself that I just needed one lucky break, and I’ll pay them back. That lucky break never came,’ he wrote.
While ‘ashamed’ of his behavior, Schwartz said he was thankful to have been caught because it forced him to seek help for his addiction.

‘I let everybody down, and for that I will spend the rest of my life asking for forgiveness and making amends to everyone I have hurt.
‘The road to recovery goes one day at a time, but I now have a much better and clearer understanding of what really matters and have devoted my life to getting there.
In her 2016 lawsuit, Morissette told how she entrusted Schwartz with her finances while he was her manager. She fired him in March of that year for ‘several reasons’ including his slow response to questions about her accounts.
When her new manager discovered he had been embezzling from her, she claimed Schwartz gave ‘preposterous’ cover-up stories to avoid being caught including one claim that Morissette signed off on the transfers and that they were investments in an illegal marijuana company.
her attorneys filed a civil suit that described Schawartz’s explanations as hogwash – ‘None of what Schwartz said was true. Morissette never considered investing in a marijuana grow business. The accusation is an out and out falsehood,’  the civil complaint states.
in a another comical twist the former manager tried to placate Morissette by telling her she and her grandchildren were ‘set for life’ in a bid to stop her from worrying about her finances.
‘Schwartz enthusiastically encouraged Morissette to spend money, often telling his client to “go big”. When she asked him if she was over budget, he would insist that things were “fine”, that she had “nothing to worry about” and that she and her future grandkids were “set for life”.

‘His reasoning was always that she didn’t need to work so hard because she was so financially secure.’
Schwartz’s profile on the GSO Business Management site, proudly proclaimed that at age 44 Schwartz is his firm’s youngest partner, who will go to extremes to help his clients:
It mentions that ‘he once invited NFL cornerback Antonio Cromartie, who had blown through $5 million in his first two seasons, to stay at his home for a couple of weeks for an experiential education in living responsibly,’ the statement reads. It also says that ‘retirement for Cromartie [a father-of-thirteen], is fully funded through age 100.’