![]() ![]() The pair duped investors, most of them over 55, to invest in dubious online projects and sold bogus business services from 2012 until this year, prosecutors said. Shah’s scheme spanned 10 years and racked up hundreds of victims. The scheme reeled in victims from New York, New Jersey, Arizona, Nevada and Utah over the decade, federal prosecutors said. ![]() Prosecutors revealed at a hearing last week that he was set to testify against Shah at trial. The embattled reality star and her longtime assistant, Stuart Smith, were charged by federal prosecutors with overseeing the long-running scheme even as Shah was filming the hit show. At the hearing Monday, Shah revealed she underwent treatment two years ago for alcohol abuse and depression, but said she was not hospitalized during her recovery. Shah, who originally pleaded not guilty, had been due to stand trial July 18. Under the agreement, Shah would also pay more than $9 million in restitution and $6,500,000 in forfeiture representing “proceeds traceable to the commission of said offense.” In a plea deal with prosecutors, Shah and her attorneys agreed to a guideline-range sentence of at least 11 years in prison, but no more than 14 years behind bars - though the judge will have the ultimate say. She is due to be sentenced in the case on November 28. She faces up to 30 years in prison, the judge said. “I know many people were harmed and I am so sorry.” “I knew this was wrong,” Shah told the judge. ![]() “I did this by knowingly providing customer names to people who were marketing business services that had little or no value,” she said, adding that buyers were “misled about the value and that’s why they bought the services. “From 2012 to March 2021 in the Southern District of New York and elsewhere I agreed with others to commit wire fraud,” Shah, who wore a dark-blue pantsuit, told US District Judge Sidney Stein. On Monday, she copped to one count of conspiracy to commit wire fraud in Manhattan federal court. Shah, 48, was arrested last year and charged with ripping off hundreds of victims by running the scheme in six states over a span of 10 years. “The Real Housewives of Salt Lake City” star Jen Shah on Monday pleaded guilty to a federal fraud charge for running a multi-state telemarketing scam. ‘Real Housewives’ star sentenced to 6 1/2 years in prison in fraud case after pleading for forgiveness ‘RHOSLC’ star’s prison time could be spent in ‘dorm-style’ room, not cell: attorney They said she also made numerous cash withdrawals structured to avoid currency transaction reporting requirements.Feds want Jen Shah’s ‘RHOSLC’ earnings to help pay her fraud victimsįeds want to seize pricey jewelry from disgraced ‘RHOSLC’ star Jen Shah ![]() Prosecutors said Shah took various steps to hide her role in the fraud, including by incorporating her business entities using third parties’ names, instructing others to do the same and directing others to use encrypted messaging applications to communicate with each other. Shah began operating a Manhattan-based sales floor that sold the fraudulent products, Fletcher said.įrom 2018 to 2020, Shah controlled the day-to-day operations of the Manhattan operation and moved some of its operations to Kosovo to dodge law enforcement and regulatory scrutiny, the prosecutor said. They said she lied about how much individuals could earn after buying the businesses services and the purported success of others who had bought the services. Our experts explain why those hoping for an encore were disappointed. Season 2 of ‘The Real Housewives of Salt Lake City’ was thrillingly chaotic. Television How an instant-classic season of ‘Real Housewives’ led to one of its dullest reunions ![]()
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