Alanis Morissette claims ex-business manager stole $4.7M

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Alanis Morissette was robbed of at least $4.7 million by her former business manager, according to a complaint filed Tuesday in L.A. County Superior Court.

The singer is suing Jonathan Schwartz and GSO Business Management for breach of fiduciary duty, conversion, fraud and negligence.

"Defendants concealed these distributions from Morissette, convincing her that she was in tremendous financial shape when, in fact, they were draining her assets and leading her on a road that could have led to financial ruin," states the complaint.

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 he failed to respond in a timely manner in response to her requests for information about her finances.

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Alanis Morissette through the years
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Alanis Morissette claims ex-business manager stole $4.7M
Alanis Morissette, right, and Mario Treadway arrive at the 2015 MusiCares Person of the Year event at the Los Angeles Convention Center on Friday, Feb. 6, 2015 in Los Angeles. (Photo by Richard Shotwell/Invision/AP)
Alanis Morissette performs on stage during the 6th Annual ELLE Women In Music Celebration Presented By eBay at Boulevard3 on Wednesday, May 20, 2015 in Los Angeles. (Photo by Paul A. Hebert/Invision/AP)
IMAGE DISTRIBUTED FOR HILTON - Alanis Morissette performs at the reception for the 8th Annual Hilton HHonors Charitable Golf Series Finale Event on Monday, Oct. 14, 2013 in Los Angeles. The three-day event, held at the famed Riviera Country Club raised money for City of Hope, the leading research, treatment and education center for cancer, diabetes and other life-threatening diseases. (Photo by Casey Rodgers/Invision for Hilton/AP Images)
Alanis Morissette arrives at the 4th Annual Production Of The 24 Hour Plays After-Party held at the The Shore Hotel on Friday, June 20, 2014, in Santa Monica, Calif. (Photo by Richard Shotwell/Invision/AP)
Singer Alanis Morissette attends Kiehl's Earth Day Celebration at Kiehl's on Wednesday, April 17, 2013, in Santa Monica, Calif. (Photo by John Shearer/Invision for Kiehl's/AP Images)
Alanis Morissette sings the national anthem before Game 5 of the Major League Baseball World Series between the New York Yankees and Philadelphia Phillies Monday, Nov. 2, 2009, in Philadelphia. (AP Photo/Matt Slocum)
Alanis Morissette arrives at the 39th Annual American Music Awards on Sunday, Nov. 20, 2011 in Los Angeles. (AP Photo/Chris Pizzello)
Singer Alanis Morissette poses at a rehearsal studio in Burbank, Calif., Wednesday, May 14, 2008. (AP Photo/Reed Saxon)
Canadian-born singer Alanis Morissette performs in New York's Rockefeller Plaza during her appearance on the NBC "Today" television show, Friday May 23, 2008. (AP Photo/Richard Drew)
Musician Alanis Morissette performs as part of Nissan Live Sets on Yahoo! Music in Los Angeles on Monday, April 24, 2008. (AP Photo/Mark Mainz)
Singer Alanis Morissette arrives for the 63rd Annual Golden Globe Awards on Monday, Jan. 16, 2006, in Beverly Hills, Calif. (AP Photo/Kevork Djansezian)
Canadian singer Alanis Morissette sings during her first concert of her Germany tour in Hamburg's Congress Center, northern Germany, on Wednesday, April 13, 2005. (AP Photo/Christof Stache)
Singer Alanis Morissette from Canada performs at the MTV India Immies 2004 Awards, in Bombay, India, late Friday, Dec.10, 2004. Morissette is a seven-time Grammy award winner. MTV Immies is the biggest India Music awards. (AP Photo/Rajesh Nirgude)
Singer Alanis Morissette arrives for the New York premiere of "De-Lovely" Monday, June 21, 2004. "De-Lovely" is an orginal musical portrait of American composer Cole Porter, filled with his songs. (AP Photo/Louis Lanzano)
Photo by: Lee Roth STAR MAX, Inc. - copyright 2003 ALL RIGHTS RESERVED Telephone/Fax (212) 995-1196 11/05/03 Alanis Morissette at the Environmental Media Association's 13th Annual Environmental Media Awards. (Los Angeles, CA) (Star Max via AP Images)
Photo by: Stephen Trupp STAR MAX, Inc. - copyright 2003 ALL RIGHTS RESERVED Telephone/Fax: (212) 995-1196 5/10/03 Ryan Reynolds and Alanis Morissette at the premiere of "The In-Laws". (NYC) (Star Max via AP Images)
Photo by: Peter Kramer STAR MAX, Inc. - copyright 2002 ALL RIGHTS RESERVED Telephone/Fax: (212) 995-1196 10/28/02 Alanis Morissette at the Glamour Women of the Year Awards. (NYC) (Star Max via AP Images)
Canadian pop star Alanis Morissette smiles as she poses prior to a news conference to present her new album "Under rug swept," in downtown Milan, Italy, Monday, Feb. 4, 2002. (AP Photo/Fabio Polimeni)
Canadian singer Alanis Morissette performs during the Echo 2002 music award ceremony in Berlin on Thursday night March 7, 2002. Morissette was a special guest at the ceremony. (AP Photo/Markus Schreiber)
Canada's rock star Alanis Morissette performs during the May Labour Day concert on the Tor Vergata University grounds in the outskirts of Rome, Monday May 1, 2000. Thousands of faithful attended earlier in the morning Pope John Paul II celebrating the Jubilee of the workers on the same stage. Some 400,000 people attended the concert. (AP Photo/Andrew Medichini)
Canadian singer Alanis Morissette smiles in front of her poster prior to a news conference at Beaufort Hotel in Singapore Friday, Oct. 29, 1999. The singer, once labelled an "angry young woman," is here as part of her Asian tour, said that while she feels more at peace now, she still gets angry. (AP Photo/Ng Han Guan)
Canadian rock singer Alanis Morissette performs at the Ariston Theater in Sanremo, Italy, Saturday, Feb. 27, 1999 as guest star of the Italian song contest "Festival of San Remo." (AP Photo/Luca Bruno)
Alanis Morisette performs in London's Hyde Park, Saturday June 29 1996 at the rock concert in aid of the Prince's Trust. (AP Photo/Louisa Buller)
Alanis Morissette performs "Uninvited," for which she won a Grammy as the best female rock vocal performance, during the 41st Annual Grammy Awards at the Shrine Auditorium in Los Angeles Wednesday, Feb. 24, 1999. (AP Photo/Kevork Djansezian)
Alanis Morissette sings during the first night of her world Junkie Tour at the UNO Lakefront Arena in New Orleans, Saturday, Jan. 30, 1999. (AP Photo/Cheryl Gerber)
Singer Alanis Morissette performs in concert at the Warfield Theatre in San Francisco, Monday, Oct. 12, 1998. It was Morissette's first concert for her new album. (AP Photo/Randi Lynn Beach)
Alanis Morissette perform's at the charity rock concert in London's Hyde Park, Saturday June 29 1996 in aid of the Prince's Trust. The concert attracted 150,00 people to the park and is expected to raise 500,000 pounds (750,000 dlrs) for charities sponsored by Britain's Prince Charles. (AP Photo/Lousia Buller)
Alanis Morissette accepts the award for Best Female Video at the MTV Video Music Awards in New York Wednesday, Sept. 4, 1996. (AP Photo/Bebeto Matthews)
Singer Alanis Morissette arrives at New York's Radio City Music Hall, Wednesday, Sept. 4, 1996, for the 13th Annual MTV Video Music Awards. Morissette won the award for Best Female Video. (AP Photo/Elizabeth Lippman)
Alanis Morissette, with her Grammy award on the floor next to her, accepts the award for Best Rock Female at the 38th annual Grammy Awards at the Shrine Auditorium in Los Angeles, Wednesday, Feb. 28, 1996. (AP Photo/Eric Draper)
Alanis Morissette thanks her producers after winning the "Album of the Year" at the 38th annual Grammy Awards at the Shrine Auditorium in Los Angeles Wednesday, Feb. 28, 1996. (AP Photo/Eric Draper)
Alanis Morissette, who chose not to hold her Grammy awards, poses for photographers backstage after winning Best Rock Album, Jagged Little Pill, and Best Rock Song, You Oughta Know, at the 38th annual Grammy Awards at the Shrine Auditorium in Los Angeles, Wednesday, Feb. 28, 1996. (AP Photo/Reed Saxon) <%% 0 PICTURE_OK HEADER_OK 0 2 %%>
Singer Alanis Morissette rehearses with her band for the upcoming MTV Video Music Awards at Radio City Music Hall in New York Tuesday, Sept. 5, 1995. The 12th annual bash airs Thursday at 8 p.m. Eastern from Radio City Music Hall. (AP Photo/Bebeto Matthews)

When the singer's new business manager, Howard Grossman, took over he found at least 116 cash transfers to Schwartz from Morissette's accounts during a four year period, totaling more than $4.7 million.

"There were no documents explaining the nature of these transfers," states the complaint. "Morissette was completely unaware of these cash transfers and had not authorized them."

The suit claims, after changing his explanation several times, Schwartz said the money was an "investment" in "one or more illegal marijuana 'grow' businesses."

Morissette claims Schwartz didn't just steal from her, he also transferred $8 million from investment accounts that were supposed to remain untouched in order to pay for expenses, despite her direction that she should live off her current income and interest.

"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,'" states the complaint, which also claims Schwartz convinced the signer to turn down performance offers. "His reasoning was always that she didn't need to work so hard, because she was so financially secure."

Morissette is seeking damages in excess of $15 million.

GSO is also suing Schwartz. That suit, filed Monday, claims the company started digging into Schwartz' behavior after Grossman confronted him.

"The investigation revealed that Mr. Schwartz was burning through money to sustain a lavish lifestyle, including a $50,000 vacation to Bora Bora and an outstanding gambling dept of $75,000 at a Casino in the Bahamas," states the complaint. "He also owes the U.S. government a substantial sum for unpaid taxes."

GSO is seeking to judicially expel Schwartz from the firm, punitive damages and wants him to repay a $588,000 advance he was given by the company.

Schwartz is no longer listed as a partner on the firm's website.

May 17, 5:15 p.m. Updated with information from GSO's suit against Schwartz.

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