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Jen Shah pleaded guilty to one count of conspiracy to commit wire fraud in connection with telemarketing. The US attorney dropped the conspiracy to commit money laundering charge as part of her plea deal.
As part of her plea deal, Jen Shah faces a potential prison sentence of “up to 168 months.” She has also agreed to forfeit $6 million and pay restitution of $9 million. Additionally, she waived her right to an appeal.
Yes, during her court appearance, Jen Shah admitted her guilt and apologized for her actions. She acknowledged that she engaged in wire fraud by offering services with little to no value, using interstate telephones and emails. She also expressed remorse for targeting individuals over the age of 55 and acknowledged that her actions were both wrong and illegal.