DJ Envy’s real estate business partner, Cesar Pina, has found himself entangled in legal troubles related to investment seminars. The two individuals are currently under investigation for their involvement in these seminars, which have sparked allegations of fraud. In this article, we’ll delve into the recent developments and the response from DJ Envy.
Cesar Humberto Pina, a 45-year-old New Jersey property investor, was arrested in connection with a wire fraud scheme. This incident came to light through a report by RLS Media on Wednesday, October 18. Following his arrest, Pina was granted release on a $1 million secured bond, with electronic monitoring, after making an appearance in a Newark federal court.
Pina is facing serious allegations of leveraging his social media reach to deceive his followers. It is claimed that he promised high investment returns, ultimately defrauding multiple individuals of substantial sums of money. Legal documents and statements suggest that both Pina and his business partner, DJ Envy, are under scrutiny for conducting nationwide seminars that aimed to attract investors but allegedly resulted in financial harm to some attendees.
In response to these fraud allegations, DJ Envy took the opportunity to address the issue publicly. Despite the advice of his legal team, he decided to speak on The Breakfast Club in early October to provide clarification regarding the accusations.
In his statement, DJ Envy explained the motive behind their seminars, emphasizing their desire to empower their community with real estate knowledge. He mentioned that they invited industry professionals to these seminars, including real estate agents, contractors, money lenders, and even Auction.com representatives, to educate attendees on the process of buying houses online.
Clarifying his involvement, DJ Envy expressed that if Cesar Pina had taken money from attendees, he was unaware of it. He candidly admitted that he, too, had invested a significant amount of money and had not seen any returns. DJ Envy vehemently denied any involvement in fraudulent activities, emphasizing his longstanding commitment to uplifting and helping people throughout his radio career.