Elizabeth Holmes shares many similarities with Jen Shah, both having been found guilty of fraud and conspiracy.
Shah has been teaching a “Sha-mazing Abs” exercise session at the facility. Jen Sha is also coaching other prisoners who are pursuing their GEDs. “Jen gets all the ladies together and they rally behind her while she teaches them fitness moves, and Elizabeth has been there right along with them,” Chris Giovanni told People Magazine. Holmes is a student in Shah’s fitness class in the state prison.
Holmes, 39, started her 11-year term in May after being found guilty of fraud in January 2022. Shah admitted admission to wire fraud in February and was given a 6.5-year sentence. Both are currently incarcerated at the Bryan, Texas, Federal Prison Camp.
Prison is no laughing matter, but it seems the two are trying to make the best of it. However, the Justice Department came down hard on Jen Shah.
U.S. Attorney Damian Williams said: “With today’s sentence, Jennifer Shah finally faces the consequences of the many years she spent targeting vulnerable, elderly victims. These individuals were lured in by false promises of financial security, but in reality, Shah and her co-conspirators defrauded them out of their savings and left them with nothing to show for it. This conviction and sentence demonstrate once again that we will continue to vigorously protect victims of financial fraud and hold accountable those who engage in fraudulent schemes.”
According to the superseding indictment and statements made in court proceedings and filings:
From at least 2012 until her arrest in March 2021, SHAH was an integral leader of a wide-ranging, nationwide telemarketing fraud scheme that victimized thousands of innocent people. The scheme principally involved selling those victims so-called “business services” in connection with the victims’ purported online businesses (the “Business Opportunity Scheme”). In particular, SHAH knowingly and intentionally facilitated the sale of “leads”—contact information for potential victims who had been identified as susceptible to the scheme’s lies—to sales floors that were perpetrating the Business Opportunity Scheme and, during the latter portion of her participation in the scheme, owned and operated one of the sales floors that was part of the scheme.
In addition to the prison term, SHAH, 49, of Salt Lake City, Utah, was sentenced to five years of supervised release. She was also ordered to forfeit $6,500,000, 30 luxury items, and 78 counterfeit luxury items, and to pay $6,645,251 in restitution. Source: Justice.gov
— Jen Shah (@TheRealJenShah) June 2, 2022
In addition to the prison term, SHAH, 49, of Salt Lake City, Utah, was sentenced to five years of supervised release. She was also ordered to forfeit $6,500,000, 30 luxury items, and 78 counterfeit luxury items, and to pay $6,645,251 in restitution. Source: Justice.gov
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