In recent news, DJ Envy’s former business partner, Cesar Pina, faced arrest on fraud charges. Contrary to rumors, there was no federal raid at the iHeartRadio offices, and electronic equipment was not seized. This information comes directly from federal law enforcement sources.
Envy’s attorney, Massimo D’Angelo, expressed to TMZ Hip Hop that these reports are merely another instance of media sensationalization. They aim to link his client’s name to the unfolding story, despite Envy being a victim, not a perpetrator, of the alleged fraud.
This assertion is backed by law enforcement sources, who confirm that no equipment was taken from the iHeartMedia premises. Furthermore, iHeartMedia itself confirmed this fact, according to TMZ.
The investigation into this case involved the New Jersey Division of the Drug Enforcement Administration and the FBI. Their officials were present at the iHeart offices to inform DJ Envy about Cesar Pina’s arrest.
Cesar Pina has been charged with one count of wire fraud, and he pleaded not guilty. He was released on a $1 million bond with strict conditions, including state confinement and electronic monitoring.
It’s important to note that DJ Envy has not been charged with any crimes and continues to maintain his innocence. He alleges that he suffered a loss of $500,000 from his own funds due to these deals.