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DJ Envy Allegedly Participated In Real Estate Fraud Causing Federal Agents To Raid iHeart Radio

Popular radio show host DJ Envy is the center of attention after his business associate, Cesar Pina, was arrested in New Jersey on a federal wire fraud charge. DJ Envy often promoted Pina on his “Breakfast Club” radio show as a real estate mogul. Victims of the scam say that DJ Envy’s celebrity prompted them to invest money with Cesar, as they trusted DJ Envy. They were given promises of huge returns on their investment dollars, often to receive nothing in return. Pina is accused of running a Ponzi-like scheme. This is most likely a classic “street” maneuver of “flipping money.” Cesar Pina is accused of pocketing over $17 million in total from just four properties. The extent of the alleged fraud is unknown as of yet. Pina pleaded not guilty and was released on a $1 million secured bond with electronic monitoring.

SOURCES:

DJ Envy’s iHeart Offices Weren’t Raided, No Equipment Confiscated

DJ Envy’s fame allegedly helped Cesar Pina conduct real estate fraud

DJ Envy’s Alleged Real Estate Ponzi Scheme Explained

Say What Now? DJ Envy’s Longtime Business Partner Arrested in Connection to ‘Ponzi-Like Investment Fraud Scheme’ | lovebscott.com

iHeartMedia office is raided by feds as ‘Breakfast Club’ star DJ Envy’s business partner Cesar Pina is arrested in ‘multi-million dollar Ponzi scam’ | Daily Mail Online

Influencer Who Held Seminars With DJ Envy Arrested for Alleged Fraud | Complex

DJ Envy claims to be victim in suspected real estate fraud scheme

DJ Envy associate arrested in real estate fraud scheme – NBC New York

DJ Envy And Business Partner Deny Scamming Real Estate Clients Out Of Millions – AllHipHop

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