How ‘Real Housewives’ star Denise Richards’ brother defrauded her employer

EXCLUSIVE A member of the famous ‘Real Housewives of New Jersey’ reality TV show family, who is accused of defrauding nearly $70,000 from her boss in order to fund a loan for plastic surgery,…

How 'Real Housewives' star Denise Richards' brother defrauded her employer

EXCLUSIVE

A member of the famous ‘Real Housewives of New Jersey’ reality TV show family, who is accused of defrauding nearly $70,000 from her boss in order to fund a loan for plastic surgery, has changed her plea.

Stuart Smith, 21, of Neptune Township, was the co-executive producer of the Bravo show before his arrest on 31 May.

According to court documents, Smith and two other men did not apply for the loan at Atlantic City Bancorp in two distinct transactions.

(Read: Kyle Richards’ brother accused of defrauding network in loan application scandal)

In one, Smith applied for a $20,000 line of credit for a $75,000 credit line on her credit card, the documents state.

But Smith had falsely represented to the bank that he did not already have any financing for the procedure he wanted done, which resulted in Atlantic City Bancorp rejecting his application.

As part of a plea agreement, Smith pleaded guilty to one count of conspiracy to commit fraud in connection with obtaining a loan and causing false statements to be made to a bank.

She was released on her own recognizance.

Smith’s co-defendants in the case, Garret Jensen and Joseph Tan, pleaded guilty to conspiracy to commit fraud in connection with obtaining a loan and causing false statements to be made to a bank. Jensen and Tan are scheduled to be sentenced on 7 September in Atlantic County.

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