DJ Envy’s enterprise accomplice was taken into police custody this week amid a number of fraud prices introduced towards each concerning their endeavors in actual property.
On Wednesday (October 18), RLS Media reported that New Jersey property investor Cesar Humberto Pina was arrested on prices regarding a wire-fraud scheme. The 45-year-old was launched on a $1million secured bond with digital monitoring after showing in a Newark federal court docket.
He’s being accused of utilizing his attain on social media to make the most of his followers, promising excessive funding returns and allegedly tricking a number of individuals out of tens of millions of {dollars} within the course of.
Case paperwork and authorized statements have revealed that Pina and the radio host are being investigated for seminars they’ve held throughout the nation to entice and subsequently defraud buyers.
Earlier this month, Envy addressed the fraud allegations which have spawned a number of lawsuits towards him and Pina. In opposition to his authorized staff’s needs, he took to the mic on The Breakfast Membership in early October to clear the air concerning the accusations.
“Let me clarify some issues,” he started. “So Cesar and myself did seminars. Now, the rationale I did these seminars is as a result of I wished to uplift my neighborhood. I wished to show my neighborhood about actual property. Issues that I didn’t know after I was shopping for my first dwelling.
“So I did these seminars and introduced trade professionals to all these seminars, whether or not it was actual property brokers from totally different markets, contractors, cash lenders. I even introduced Public sale.com to truly present individuals find out how to buy homes on-line.”
He continued: “Now Cesar, if he took cash, I wasn’t aware of it nor did I even know. However I do perceive how individuals 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 return.
“For anyone to say I used to be concerned, that’s completely not true. I’d by no means. I’ve been on radio near 30 years and by no means in my 30 years’ time did I do nothing however attempt to uplift individuals… And I’d by no means take a greenback from any individual.”
Charlamagne Tha God interjected by stating that DJ Envy has been accused of merely introducing the alleged victims to Cesar Pina reasonably than stealing cash from them.
“Nah, they mainly mentioned I used to be aware of it and that wasn’t true in any respect,” Envy replied. “For those who learn the court docket paperwork, Cesar wrote an affidavit that claims, ‘DJ Envy, RaaShaun Casey had no information of me investing individuals’s cash. He wasn’t there, he wasn’t a part of these conversations. He wasn’t wherever close to these conferences.’
“And people are paperwork which can be on the market, so if we’re gonna discuss fact, let’s discuss concerning the fact.”
The Energy 105.1 host, together with Cesar Pina and his spouse Jessica, have been sued in July by Anthony Barone and Anthony Martini, who declare they have been defrauded out of $1.5 million over an condo complicated undertaking that by no means materialized.
The plaintiffs mentioned that they invested in two actual property ventures — the Taylor Firm and Flip 2 Dao — however Envy and Pina took the cash with out following by with the undertaking. Envy was additionally accused of buying a collection of properties in Paterson, New Jersey, undervaluing them, after which fixing-and-flipping them or renting them out.