The Real Housewives of Salt Lake City Star Jen Shah pleaded not guilty to fraud and money laundering charges on Friday.
After Sarah and her assistant Stuart Smith were arrested on Tuesday, the oath ceremony was actually held in Manhattan Federal Court.
Shah and Smith are accused of defrauding hundreds of people (many of whom are senior citizens) through a telemarketing fraud scheme.
According to federal prosecutors in the Southern District of New York, Shah and Smith will generate and sell a “clue list” of innocent individuals for repeated fraud by other members of their plan. They will then sell “business services”
The indictment stated: “The defendant has absolutely no intention to allow the victim to actually receive any promised return on his anticipated investment, nor does he actually receive any such return.”
The indictment stated that the plan started in 2012 and lasted until March.
In a statement, Special Agent Peter C. Fitzhugh, who is in charge of the investigation by the Department of Homeland Security, said: “Shah and Smith showed off their extravagant lifestyles as a symbol of their’success’. “In fact, they are said to be living a wealthy lifestyle at the expense of wealthy and disadvantaged groups (often the elderly and working class).”
In court on Friday, Shah and Smith were released with $1 million in bonds, secured by $250,000 in cash or property and the signatures of two financially responsible persons. He had previously committed wire fraud and co-conspiracy against conspiracy. Pleaded not guilty. Money laundering.
The judge also believed that Shah was in danger of flying and ordered her to surrender her passport or travel documents. Except for court appearances and meetings with lawyers, she will not be allowed to travel between states.