SLC Housewives’ Jen Shah Pleads Not Guilty: Bond Set At $1 Million!
According to reports, Jen Shah, the “Real Housewives of Salt Lake City” star charged with running a nationwide telemarketing fraud scheme, pleaded not guilty Friday.
CelebnReality247.com has learned that Jen Shah will remain released from jail provided she sign a $1 million personal bond.
Shah and her alleged co-conspirator, Stuart Smith, both pleaded not guilty to charges of conspiracy to commit wire fraud and conspiracy to commit money laundering.
Shah’s attorneys said:
His client “maintains her innocence of these charges and is eager to defend herself in a court of law.”
The Justice Department alleges that Shah, 47, and her “first assistant,” Smith, 43, conspired to defraud older and computer illiterate people by operating multi-state telemarketing and in-person sales teams that would sell “essentially non-existent” services and fight consumer efforts to obtain refunds.
The Southern District of New York said:
Shah and Smith undertook significant efforts to conceal their roles in the Business Opportunity Scheme. For example, Shah and Smith, among other things, incorporated their business entities using third parties’ names.
The alleged scam began in 2012 and continued until 2021, according to the Justice Department.
Shah’s $1 million bonds is required to be secured by $250,000 cash or property. Her lawyer argued that the amount was excessive, revealing that she does not own her house, which was branded as the lavish “Shah Ski Chalet” on “Real Housewives of Salt Lake City.”
But prosecutors said the $250,000 cash or property security was “modest,” considering just one of the shell companies Shah is accused of incorporating is linked to bank accounts with “no less than $5 million in crime proceeds.” – NBC News
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