This dot.com millionaire has now gone from penthouse to poorhouse to Big House.
A Manhattan judge wrote the latest chapter in the riches-to-rags story of pretty Jennifer Sultan today -- promising her a four-year prison sentence as she pleaded guilty to gun conspiracy and drug sales.
"Yes," Sultan, a 38-year-old recovering pain killer addict, answered sadly, when asked by Manhattan Supreme Court Justice Edward McLaughlin if she'd sold felony weight oxycodone to an undercover cop last spring.
Asked if she'd joined in a conspiracy that sold loaded, operable firearms, Sultan gave a slight smile as she sat at the defense table, her waist-length brown hair hanging forward over one shoulder.
Steven Hirsch
Jennifer Sultan at court today. The dot.com millionaire got four years in gun and drug scheme.
"Yes. Reluctantly," she said.
Sultan has been held since her arrest last summer for the same Queens-based drug-and-gun-gang conspiracy that ensnared convicted NYPD gun thief Nicholas Mina.
She was caught sending text messages to the ring's leader last June saying she had a .357 Magnum "toy" -- meaning a gun -- for sale for $850, according to the indictment against her.
She was also caught on wiretaps asking about firearm prices, and talking about a prior occasion when a gun she gave the ring to sell turned out to be inoperable.
"She's come 180 degrees from when I met her," after her arrest, her lawyer, Frank Rothman, said after court.
"She was unfocused, distracted, drug addicted," he said. "And she is now alert, oriented, and ready to get back to what she does best -- holistic healing," he said of Sultan, a trained acupuncturist.
With good behavior and factoring time she's already served, Sultan could be released in under two years, he said.
When Sultan was just 25, she and a boyfriend built one of the first Internet companies to offer live event streaming on the Web, selling it for $70 million.
By two years ago, she filed for personal bankruptcy. The 6,000-foot East 17th Street loft she shared with her ex-boyfriend is for sale for $6 million; Sultan's share of any sale would not cover her debts, her lawyer has argued.
Internet bubble millionaire goes from dot.com to drug con: Jennifer Sultan gets 4 years in scheme
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Internet bubble millionaire goes from dot.com to drug con: Jennifer Sultan gets 4 years in scheme
