The 27-year-old supermodel was one of the many social media influencers paid to promote the now infamously farcical event that was Fyre Festival, a Bahamas-based 2017 music festival that was the subject of Netflix documentary Fyre: The Greatest Party That Never Happened.
Shanina confessed that she had watched the explosive doco and admitted to getting emotional: "I cried when I watched it."
Speaking with The Daily Telegraph on Wednesday, Shaik spoke about how herself and the other influencers - such as Bella Hadidi and Kendall Jenner - were 'dragged into it', saying: "It is really horrific what happened. The girls and I were just kind of dragged into it,
"We would never want to promote something like that or take someone's money."
As well as promoting rapper Ja Rule's and Billy McFarland's doomed Fyre Festival in her personal Instagram account, Shanina appeared alongside a bunch of other IMG-represented models in the extravagant Bahamas based commercial for the event.
Shanina, however, defended her elite modelling agency, telling the publication: "When a client comes to my agent and has a vision or a project they want to work with us on, my agency always makes sure we are protected and looked after."
Other IMG models who appeared in the deceptive ad were top industry names such as Hailey Baldwin, Bella Hadid, Alessandra Ambrosio and Chanel Iman.
Gregory Messer, the trustee overseeing the bankruptcy of Fyre Media, claims IMG received US$1.2 million (approx. $1.7 million) from event organiser Billy McFarland to promote the event between November 2016 and February 2017, according to Vogue.
According to The Daily Mail, the IMG models who were paid to promote the festival have been subpoenaed to testify in the Fyre Festival court case.