DJ Envy’s Pal Cesar Pina Arrested For Actual Property Wire Fraud

DJ Envy is being name-dropped amid the arrest of his longtime buddy and enterprise associate, Cesar Pina. The explanation appears to be that Pina’s arrest is for wire fraud in connection to an actual property rip-off that Envy beforehand backed.

A number of reviews, including NBC New York’s, state that Envy has promoted Cesar’s actual property enterprise on his radio present “The Breakfast Membership.” In accordance with the outlet, federal brokers arrested Cesar Pina on Wednesday (Oct. 18).

Officers haven’t charged DJ Envy within the alleged “Ponzi-like scheme.” Nonetheless, U.S. Lawyer Phillip R. Sellinger named Cesar’s partnership with Envy, beginning identify Rashaun Casey, as a supply of Pina’s recognition.

“As alleged within the criticism, Pina exploited superstar standing and social media to develop a loyal following of potential victims. Promising returns that have been too good to be true, Pina allegedly defrauded dozens of individuals of thousands and thousands of {dollars},” Sellinger said.

Courtroom docs state Pina has been operating the scheme since 2017, scamming thousands and thousands from “dozens of buyers.” Cesar has pleaded not responsible to at least one depend of wire fraud. News12 Jersey reports that the utmost sentence for wire fraud is 20 years behind bars.

DJ Envy Lately Clarified His Involvement With Cesar Pina’s Actual Property Enterprise

Amid reviews of an investigation into Cesar Pina, DJ Envy addressed their ties throughout a “Breakfast Membership” episode final week. He denied being concerned within the millions-worth scheme.

“Now the the reason why I did [these] seminars is as a result of I needed to uplift my neighborhood. I needed to show my neighborhood about actual property, issues that I didn’t know once I was first shopping for my first residence. I needed to show our neighborhood about investing and in generational wealth,” Envy mentioned.

He added, “If [Cesar] took cash, I wasn’t aware about it, nor did I even know. However, I do perceive how folks really feel in the event that they did give him cash as a result of I gave him some huge cash that I didn’t see a greenback of returned.” 

Billboard additionally previously reported that Cesar Pina is known as in “not less than 20 civil circumstances filed in latest months.”

After music supervisor Anthony Martini named DJ Envy as a co-defendant in a lawsuit in opposition to Pina, DJ Envy fired again by way of his lawyer, Massimo F. D’Angelo. Envy filed for a dismissal in August, requesting removing from the go well with.

RELATED: DJ Envy Files Motion To Dismiss Lawsuit Accusing Him Of Real Estate Fraud

“They’re sensationalizing this case,” the lawyer reportedly advised Billboard in a cellphone interview. “Envy had no involvement by any means. The one motive he’s being dragged into it’s because he’s a public determine,” Lawyer D’Angelo advised Billboard final week.

NBC New York and Daily Mail reports that federal brokers just lately raided iHeartRadio workplaces and confiscated digital units as a part of their investigation.

Every day Mail additionally reviews that police launched Pina on a $1 million secured bond and digital monitoring. When this report was shared, DJ Envy had not addressed the arrest.

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