Matthew Cox | Inside True Crime Podcast
Celebrity Business Manager Steals Millions from Clients (The Real Story)
12 Mar 2025
Stop leaving yourself vulnerable to data breaches. Go to my sponsor https://aura.com/matt to get a 14-day free trial and see if any of your data has been exposedJonathan Schwartz he was once an icon financial advisor in the entertainment industry to A listers like Mariah Carey, Beyoncé, LINKIN PARK, and more. Then an addiction led him to steal millions from his clients. Today we share the full story...Johnathan's Links https://www.instagram.com/therealjonathanschwartz/[email protected]://altus.rehab/residential-treatment/Do you want to be a guest? Fill out the form https://forms.gle/5H7FnhvMHKtUnq7k7Send me an email here: [email protected] you extra clips and behind the scenes content?Subscribe to my Patreon: https://patreon.com/InsideTrueCrime 📧Sign up to my newsletter to learn about Real Estate, Credit, and Growing a Youtube Channel: https://mattcoxcourses.com/news 🏦Raising & Building Credit Course: https://mattcoxcourses.com/credit 📸Growing a YouTube Channel Course: https://mattcoxcourses.com/yt🏠Make money with Real Estate Course: https://mattcoxcourses.com/reFollow me on all socials!Instagram: https://www.instagram.com/insidetruecrime/TikTok: https://www.tiktok.com/@matthewcoxtruecrimeDo you want a custom painting done by me? Check out my Etsy Store: https://www.etsy.com/shop/coxpopartListen to my True Crime Podcasts anywhere: https://anchor.fm/mattcox Check out my true crime books! Shark in the Housing Pool: https://www.amazon.com/dp/B0851KBYCFBent: https://www.amazon.com/dp/B0BV4GC7TMIt's Insanity: https://www.amazon.com/dp/B08KFYXKK8Devil Exposed: https://www.amazon.com/dp/B08TH1WT5GDevil Exposed (The Abridgment): https://www.amazon.com/dp/1070682438The Program: https://www.amazon.com/dp/B0858W4G3KBailout: https://www.barnesandnoble.com/w/bailout-matthew-cox/1142275402Dude, Where's My Hand-Grenade?: https://www.amazon.com/dp/B0BXNFHBDF/ref=tmm_pap_swatch_0?_encoding=UTF8&qid=1678623676&sr=1-1Checkout my disturbingly twisted satiric novel!Stranger Danger: https://www.amazon.com/dp/B0BSWQP3WXIf you would like to support me directly, I accept donations here:Paypal: https://www.paypal.me/MattCox69Cashapp: $coxcon69 Learn more about your ad choices. Visit megaphone.fm/adchoices
Full Episode
I embezzled $4.6 million. I represented Beyonce, Gwyneth Paltrow, Mariah Carey, Matthew McConaughey. We want you to come and take a lie detector test. Now I have to tell my wife the truth. And to my surprise, she said, well, why don't we Google how to beat the lie detector test?
You know, one day I had this brilliant genius idea that, you know what, why don't I become a bookie with one of my fraternity brothers because bookies don't lose. And now I, cause you know, I grew up poor. So I didn't like, I was around a lot of affluent college mates. Right. And me, they're going out, they're going to the bars, they're going to get food and, I really didn't have access to money.
So I'm thinking in my head, okay, let's become a bookie. So we become a bookie, this fraternity brother and I, for about two weeks. Why only two weeks? Because we're probably the only bookies in the entire globe that lost. So we lost $10,000, $5,000 each. Now for a college student, or at least I'll speak for myself, $5,000 was like the equivalent of a million dollars to me.
So now I leave SUNY Albany and I... put the onus on my fraternity brother to take care of the $10,000 in entirety. So that was the start of some really poor choices and bad behaviors. And, you know, the funny thing is I tried to make amends to that fraternity brother who now lives in Israel. And he basically sent me, I sent him a Facebook message when I was off probation.
And he sends me this text saying, go F yourself. I hope you die of cancer. And you know what? He's right. Turns out he had to take a job to pay my portion. And again, what kind of schmuck like myself would do that to someone who I cared about? And I did. And I felt terrible, but obviously I blocked them off of Facebook. And let's just say we're no longer friends on Facebook.
And, you know, when I had the money, I should have paid him back. I just never did. So now I moved to San Francisco because at this time my mother was living in San Francisco with her husband. I called her up. I said, hey, mom, I'm transferring. Can I come live with you? And is there a college I can go to? And finished the last call a year and a half, two years of my studies. She said, yeah.
So I went and moved in with her and her husband. Took a part-time job in the financial district of San Francisco for a CPA firm and went to San Francisco State to get my degree.
Is that what you thought you were, like the whole, when you entered college, did you think finance? Yeah.
Yeah, unfortunately the only subject I was good at in school was accounting, you know, finance.
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