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Jen Shah from “True Hosts” pleaded not guilty



Real hosts from Salt Lake City star Jen Shah pleaded not guilty Friday on charges of fraud and money laundering.

The trial, which took place in practice in federal court in Manhattan, came after the arrest of Shah and her aide Stuart Smith on Tuesday.

Shah and Smith have been accused of cheating hundreds of people – many of them elderly – without money through a market fraud scheme.

According to federal prosecutors in the Southern District of New York, Shah and Smith will generate and sell “lead lists” of innocent people to other members of their multiple fraud scheme. “They would then sell”

; business services “to victims, such as” tax training or website design services “- despite the fact that” many victims are adults and do not have a computer “.

“At no time did the defendants intend that the victims would actually earn any of the promised return on the planned investment, nor did the victims actually earn such income,” the indictment said.

The scheme began in 2012 and lasted until March, according to the indictment.

“Shah and Smith demonstrated their lavish lifestyle to the public as a symbol of their ‘success,'” said Peter S. Fitzu, the special agent in charge of the Homeland Security investigation. “In fact, they claim to have built their rich lifestyles at the expense of vulnerable, often working-age adults.”

In court on Friday, Shah and Smith were released on $ 1 million bonds each to secure $ 250,000 in cash or property, as well as the signatures of two financially responsible individuals, after pleading not guilty to conspiracy to commit physical fraud and conspiracy to perform laundry.

The judge also considered Shah a flight risk and ordered her to hand over any passports or travel documents. She will not be allowed to travel between states, except for court hearings and meetings with her attorney.


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