DJ Envy’s enterprise accomplice was taken into police custody this week amid a number of fraud fees 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 fees 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 courtroom.
He is 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. Against his authorized staff’s needs, he took to the mic on The Breakfast Club in early October to clear the air concerning the accusations.
“Let me explain some things,” he started. “So Cesar and myself did seminars. Now, the reason I did these seminars is because I wanted to uplift my community. I wanted to teach my community about real estate. Things that I didn’t know when I was buying my first home.
“So I did these seminars and brought industry professionals to all these seminars, whether it was real estate agents from different markets, contractors, money lenders. I even brought Auction.com to actually show people how to purchase houses online.”
He continued: “Now Cesar, if he took money, I wasn’t privy to it nor did I even know. But I do understand how people feel if they did give him money because I gave him a lot of money that I didn’t see a dollar of return.
“For anybody to say I was involved, that’s totally not true. I would never. I’ve been on radio close to 30 years and never in my 30 years’ time did I do nothing but try to uplift people… And I would never take a dollar from somebody.”
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Charlamagne Tha God interjected by declaring that DJ Envy has been accused of merely introducing the alleged victims to Cesar Pina somewhat than stealing cash from them.
“Nah, they basically said I was privy to it and that wasn’t true at all,” Envy replied. “If you read the court documents, Cesar wrote an affidavit that says, ‘DJ Envy, RaaShaun Casey had no knowledge of me investing people’s money. He wasn’t there, he wasn’t part of those conversations. He wasn’t anywhere near those meetings.’
“And those are documents that are out there, so if we’re gonna talk about truth, let’s talk about the truth.”
The Power 105.1 host, together with Cesar Pina and his spouse Jessica, had been sued in July by Anthony Barone and Anthony Martini, who declare they had been defrauded out of $1.5 million over an house complicated mission that by no means materialized.
The plaintiffs stated that they invested in two actual property ventures — the Taylor Company and Flip 2 Dao — however Envy and Pina took the cash with out following via with the mission. Envy was additionally accused of buying a sequence of properties in Paterson, New Jersey, undervaluing them, after which fixing-and-flipping them or renting them out.
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