What is Stuart Smith's net worth? A look at 'RHOSLC' star Jen Shah's assistant's wealth after arrest on money laundering
On Tuesday (March 30), 'Real Housewives of Salt Lake City' star Jen Shah and Stuart Smith were arrested on charges of conspiracy to commit wire fraud in connection with telemarketing and also a conspiracy to commit money laundering.
While a lot has been said and written about the 'RHOSLC' reality star, however not much has been mentioned about Stuart, who was arrested with her. Read on to know more about him and his net worth.
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Who is Stuart Smith?
Stuart Smith was first introduced to the world as 'RHOSLC' diva Jen Shah's 'first assistant'. Jen has an entourage of assistants who she refers to as her 'Shah Squad'. Stuart appears to be the right-hand man of Jen.
In an interview with Michelle Collins on Sirius XM, when the Bravolebrity was asked why she needed eight assistants, she explained that she ran three businesses, and her assistants helped her with it. She shared, "Some assistants I won’t ask to do certain things, you know? One of them is just, she’s just strictly virtual. So, of course, I’m not asking her to do…" "These people are also doing business things too, but because they’re like helping me with like admin assistant type stuff, that’s why they’re like assistants," she added.
However, she gave a special shoutout to Stuart amongst her entourage of assistants, declaring that he would "literally do anything" for her. The 43-year-old assistant also received special birthday wishes from his boss on Instagram. While fondly referring to him as "STUCHAINZ", the housewife thanked him for his 'loyalty and unconditional love'. She wrote, "Some people come into your life for a reason...they are with you through the highs and lows, they are steadfast in their loyalty and love. There’s NO ONE ELSE LIKE YOU! HAPPY BIRTHDAY to my STUCHAINZ! 🎉 Thank you for being by my side from Day #1. I love you and am so grateful for your friendship, loyalty, sacrifice, support and unconditional love. Have a SHAHMAZING Birthday! 🙌🏾♥️ #stuchainz #therealmvp."
What is Stuart Smith's net worth?
The exact net worth of Stuart Smith isn't known. Celebpie estimates it to be in millions. Stuart and his boss, Jen, have been charged with conspiracy to commit wire fraud in connection with telemarketing and also a conspiracy to commit money laundering. If found guilty, the duo could potentially be sentenced to up to 50 years in prison as the maximum sentence for conspiracy to commit wire fraud is 30 years while conspiracy to commit money laundering comes with a maximum of 20 years sentence.
According to the indictment, Shah and Stuart "sold alleged services purporting to make the management of victims' businesses more efficient or profitable." The release mentioned services such as tax preparation, website design services, etc, to its elderly victims. The scheme also included Shah and Stuart allegedly trafficking the list of potential victims, who they referred to as "leads". Many of these "leads" had already made an investment to create an online business with other participants of the scheme.
The pair managed to secure a release from Judge Dustin Pead on several strict conditions. The conditions include a travel ban outside of Utah. and also ban on usage of credit card. The duo's hearing has been rescheduled for Friday (April 2), as the federal court arraignment had ti be halted due to people flooding in to follow the virtual hearing.