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

Singer Alanis Morissette, shown in this undated file photo, received six Grammy nominations, tying with Mariah Carey for the most nominations for any artist January 4, including best new artist, best female rock vocal performance and best rock album. The Grammys will be presented February 28 from Los Angeles.

(Ho New / Reuters)

Alanis Morissette in Paris, France on December 10, 1998.

(Photo by Alain BENAINOUS/Gamma-Rapho via Getty Images)

The cast and director of the new film " Dogma" pose together at the film's premiere November 9 in Hollywood. Pictured (L-R) are Ben Affleck, Jason Lee, director Kevin Smith, Salma Hayek and Alanis Morissette. 

(Fred Prouser / Reuters)

Singer ALANIS MORISSETTE played a special concert at the Museum of Tolerance in Los Angeles August 17, 2000, capping a tour of such locales as Lebanon and Bosnia, a tour with strong social issues and human rights agenda.

(Photo by Ken Hively/Los Angeles Times via Getty Images)

Alanis Morissette during Alice 97.3 FM Now and Zen Fest to benefit the American Red Cross disaster relief funds. at the Sharon Meadow at Golden Gate Park in San Francisco, California.

(Photo by John Shearer/WireImage)

Alanis Morissette during Oxygen Presents 'Alanis Morissette Custom Concert' at Sony Studios at Sony Studios in New York City, New York, United States.

(Photo by Theo Wargo/WireImage)

Alanis Morissette performs at 'We The Planet.' during Circle of Life Presents 'We The Planet' Concert in Golden Gate Park at Golden Gate Park in San Francisco, California, United States.

(Photo by J. Shearer/WireImage)

Canadian singer Alanis Morissette performs on NBC's "Today" show in New York May 23, 2008.

(REUTERS/Lucas Jackson)

Singer Alanis Morissette arrives at the 2011 American Music Awards at Nokia Theatre L.A. Live on November 20, 2011 in Los Angeles, California.

(Photo by Steve Granitz/WireImage)

Alanis Morissette Sitting in Hotel Room

(Rune Hellestad/CORBIS/Corbis via Getty Images)

Alanis Morissette at the 12th Annual MTV Video Music Awards

(Photo by Ron Galella/WireImage)

Alanis Morissette and Alicia Silverstone during Alanis Morissette in 1995 Concert at John Hanson Ford Theater in Hollywood, California, United States.

(Photo by Jeff Kravitz/FilmMagic, Inc)

Musician Alanis Morissette, left, and talk show host Rosie O'Donnell stand backstage at the 41st Annual Grammy Awards February 24, 1999 in Los Angeles, CA.

(Photo by Ron Wolfson/Getty Images)

Danny Glover and Alanis Morissette during The Tolerance through the Arts Awards Ceremony at the United Nations in New York City at United Nations in New York City, New York, United States.

(Photo by Theo Wargo/WireImage)

Ryan Seacrest & Alanis Morissette at the Shrine Auditorium in Los Angeles, California

(Photo by Lester Cohen/WireImage)

Meryl Streep and Alanis Morissette during Equality Now Celebrates it's 10th Anniversary at The Gramercy Theater in New York City, New York, United States.

(Photo by L. Busacca/WireImage)

Alanis Morissette played a special free concert at the Virgin Megastore in Times Square, the same day her 'Under Rug Swept' album was released.

(Photo by Jim Spellman/WireImage)

Kevin Bacon and Alanis Morissette during Oxygen Presents 'Alanis Morissette Custom Concert' at Sony Studios at Sony Studios in New York City, New York, United States.

(Photo by Theo Wargo/WireImage)

Alanis Morissette and guest during 10th Annual Rock the Vote Patrick Lippert Awards at Roseland Ballroom in New York City, NY, United States.

(Photo by Theo Wargo/WireImage)

Alanis Morissette, Ryan Reynolds and Pink attend The 2003 MTV Movie Awards held at the Shrine Auditorium on May 31, 2003 in Los Angeles, California.

(Photo by Kevin Winter/Getty Images)

Alanis Morissette and her band perform as part of Alice 97.3's, Alice in Winterland concert for kids, at the Nob Hill Masonic Auditorium on December 7, 2005 in San Francisco California.

(Photo by Tim Mosenfelder/Getty Images)

Canadian singer Alanis Morissette arrives at the American Express Jam Sessions at the House of Blues in West Hollywood, California February 11, 2005. 

(STR New / Reuters)

Singer Alanis Morissette, actor Jonah Hill, and actor Chris Kattan talking at the Los Angeles premiere after party of 'Superbad' at the Roosevelt Hotel on August 13, 2007 in Hollywood, California.

(Photo by Jason Merritt/FilmMagic)

Singer Alanis Morissette performs the Canadien and American National Anthems before the start of Game Four of the 2007 Stanley Cup finals between the Anaheim Ducks and the Ottawa Senators on June 4, 2007 at Scotiabank Place in Ottawa, Canada.

(Photo by Dave Sandford/Getty Images)

Alanis Morissette performs at Live Arts Group's 2nd Annual Benefit Concert on December 10, 2009 in West Hollywood, California.

(Photo by Tiffany Rose/Getty Images)

Alanis Morissette arrives to the 20th Anniversary - 2009 EMA Awards held on the backlot at Paramount Studios on October 25, 2009 in Los Angeles, California.

(Photo by Michael Tran/FilmMagic)

Singer Alanis Morissette (R) is greeted by the Philly Phanatic after singing the National Anthem prior to Game 5 of the 2009 Major League Baseball World Series between the New York Yankees and Philadelphia Phillies in Philadelphia November 2, 2009.

(REUTERS/Ray Stubblebine)

Musicians Benji Madden, Alanis Morissette and Joel Madden backstage during the Rock A Little, Feed Alot benefit concert held at Club Nokia on September 29, 2009 in Los Angeles, California.

(Photo by Jeff Vespa/WireImage)

Contestant Josh Krajcik (L) and singer Alanis Morissette perform onstage at FOX's 'The X Factor' Top 3 Live Performance Show on December 21, 2011 in Hollywood, California. THE X FACTOR Finale airs Wed., Dec. 21 and Thurs., Dec. 22 on FOX.

(Photo by Ray Mickshaw/FOX via Getty Images)

UP ALL NIGHT -- 'Travel Day' Episode 115

Pictured: (l-r) Sean Carringan as Craig, Maya Rudolph as Ava, Alanis Morissette as Amanda  

(Colleen Hayes/NBC/NBCU Photo Bank)

Alanis Morissette is seen on November 03, 2013 in Los Angeles, California.

(Photo by Bauer-Griffin/FilmMagic)

Actor Bryan Greenberg (L) and singer-songwriter Alanis Morissette attend Montblanc and Urban Arts Partnership�s 24 Hour Plays in Los Angeles at The Shore Hotel on June 20, 2014 in Santa Monica, California.

(Photo by Michael Kovac/Getty Images for Montblanc)

Alanis Morissette performs at the Marianne Williamson campaign rally at Saban Theatre on May 19, 2014 in Beverly Hills, California.

(Photo by Tibrina Hobson/Getty Images)

Singer Alanis Morissette and husband Mario Treadway arrive at the 2015 American Music Awards at Microsoft Theater on November 22, 2015 in Los Angeles, California.

(Photo by C Flanigan/Getty Images)

Canadian-American singer Alanis Morissette, who is being inducted into the Canadian Music Hall of Fame, poses with Royal Canadian Mounted Police officers as she arrives at the 2015 Juno Awards in Hamilton, Ontario, March 15, 2015.

(REUTERS/Mark Blinch)

Singer Alanis Morissette is inducted into the Canadian Music Hall of Fame during the 2015 Juno Awards in Hamilton, Ontario, March 15, 2015.

(REUTERS/Mark Blinch)


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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