Shah's plea comes after she was arrested last year over a telemarketing scheme that defrauded older people.
Shah switched her plea from not guilty in a hearing at the US District Court - Her trial had been set to begin on July 18.
Jennifer Shah was a key participant in a nationwide scheme that targeted elderly, vulnerable victims
These victims were sold false promises of financial security but instead Shah and her co-conspirators defrauded them
Shah and Smith flaunted their lavish lifestyle to the public as a symbol of their ‘success
Shah pleaded guilty on Monday only to the wire fraud count in exchange for prosecutors dropping the money laundering case.
Prosecutors will ask the judge to impose a sentence between 11 & 14 years in prison, as well as a $9.5M
Just on Sunday, costar Meredith Marks uploaded a story to her Instagram profile in which she appeared to defend Shah.