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"Real Housewives of Salt Lake City" star Jennifer Shah, was arrested on Tuesday for alleged money laundering and defrauding hundreds of elderly people in a telemarketing scam. But her alleged victims weren’t the only ones getting faked out — so were Bravo fans.
The 47-year-old breakout star quickly became notorious for her flamboyant fashions and her friendship faux pas — both equally loud — on Season 1 of the latest entry in the "Real Housewives" franchise.
However, the $3.9 million Salt Lake City rental she grandly passed off as the "SHAH SKI CHALET" actually never belonged to Shah, The Post has learned.
Instead the 9,420-square-foot home featured on the show is owned by the Texas-based real-estate rental company, Univesco Inc., which is under the limited liability company RJW Capital Investors.
Yes, it was (GASP!) a rental: Property records discovered by The Post reveal Univesco Inc. has owned the home since 2014.
And as any true fan knows, in the "Real Housewives" universe, few things are more shameful than renting your own home. After all, Bravo daddy Andy Cohen once famously shaded those who choose to rent.
"I don’t understand the concept of renting at all," the "Real Housewives" executive producer, 52, told Forbes in 2019. "It’s just throwing money away. Especially a huge home. I don’t get it."
Steven Frey of Univesco told The Post she had no idea that Shah had been hyping the property as her own on the show. A separate spokesperson handling their Utah properties exclusively is expected to provide more details at a later time.
Bravo itself may have also been deceived, considering they did not shy away from promoting the chalet on the show, including a featured article. (Reps for the network declined to comment to The Post, but insiders told The Post they were well aware of the rental status.)
"On the November 11 series premiere … Jen Shah hosted a lavish fete at her house, but even before she transformed the abode (which she calls the "Shah Ski Chalet") for her castmate Meredith Marks’ birthday, our jaws dropped over her insanely gorgeous home," the article gushed.
Although it went largely unnoticed at the time, speculation that one of the housewives from the show was renting a property to film spread like wildfire last year on fan blogs and podcasts.
But there was even gossip in the housewives’ inner circle: On a Feb. 12, 2020 episode of "Weekly Dose of B.S.," hosted by "Real Housewives of Dallas" star Brandi Redmond and Stephanie Hollman, Redmond revealed that she knew someone from the "RHOSLC" was renting.
"I do know that one of those ladies is renting a house," ginger-maned Redmond teased ominously. "I don’t know [who it is] because I don’t know the cast but I do know that one of them is a renter because they’re renting some friends of mine’s home."
Shah reacted in her signature over-the-top style to Redmond’s comments on Instagram — after a helpful fan page shared an audio clip of her comments.
"Is this what everyone is getting their g-string up their a** about bcuz [sic] their irrelevant? Or is it bcuz they wish they could afford to pay the rent plus own 4 other homes and have an apt in NYC?" Shah wrote in the comment section of a now-deleted Instagram post at the time.
In a later post she continued to wax poetic: "You want to come for me with your red hair and bulls–t, come harder honey. You’re about to get a taste of SHAH SQUAD and I don’t mess around. PERIODT."
Note: The Post could find no documentation to substantiate Shah’s claims of owning four other properties and an apartment in NYC.
However, the sprawling chalet home featured on Bravo was up for sale in 2019, until the five-bedroom, six-bathroom spread was taken off-market — apparently during the time Shah began filming for the show, according to documents.
According to the listing, the timber frame home is equipped with "three substantial master suites, each with its own fireplace and sitting area, and two additional bedroom suites."
However, off of reality TV, and in actual reality, Shah’s longtime home is located in Sandy, Utah, which she owned with her husband, Sharrieff Shah, from 2004 until she sold it at a loss in June 2020. They initially purchased the home for only $302,069. It sold for $213,000.
Currently, records indicate that Shah and her husband are renting an approximately $8,000/month Park City space — which sorta resembles a mini-me of her TV home — that they moved into shortly after selling their 16-year home.
Shah and her he would "literally do anything" for me assistant Stuart Smith, 43, were arrested by the feds on charges of conspiracy to commit wire fraud and conspiracy to commit money laundering. If convicted, they face up to 30 years in prison.
'Real Housewives of Salt Lake City' star Jennifer Shah was hit with federal charges stemming from allegations she conspired to commit wire fraud and laundered money connected to a purported telemarketing scam. (Gutman/Bravo/NBCU Photo Bank via Getty Images)
"Shah and Smith flaunted their lavish lifestyle to the public as a symbol of their ‘success,’" said Homeland Security Investigations Special Agent Peter Fitzhugh in a statement.
"In reality, they allegedly built their opulent lifestyle at the expense of vulnerable, often elderly, working-class people."
The indictment out of the Southern District of New York claims Shah and Smith executed a telemarketing scheme with co-conspirators that operated in five states — New York, New Jersey, Arizona, Nevada and Utah.
A rep for Shah declined to comment on her arrest.
According to the indictment, hundreds of victims, many of whom were over 55, were tricked into investing in shady projects and business services which included coaching sessions, tax preparation and website design services.
What’s worse, many of the individuals targeted did not own a computer.
The alleged scheme took place from 2012 up until as recently as this month.
"At no point did the defendants intend that the victims would actually earn any of the promised return on their intended investment, nor did the victims actually earn any such returns," the indictment states.
Her on-set debacle is a far cry from January, when Shah gushed about her company, announcing she was launching a program dubbed "Social Commerce," to assist women in need amid the coronavirus pandemic.
"We’re helping women pivot and shift their business through the quarantine and COVID," she explained at the time. "To helping them still stabilize their business through online sales because their brick and mortar stores are closed… We’ve been working with some ladies, so you’ll see some of that coming out and hearing their stories and seeing how we help their businesses grow."
Federal prosecutors allege Jen Shah ran a telemarketing scheme that defrauded hundreds of victims for almost a decade. (Photo by: Bravo/NBCU Photo Bank via Getty Images)
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Perhaps she should have taken her own advice.
To read more from The New York Post, click here.
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