Is DJ Envy A Suspect In The Actual Property Ponzi Scheme?

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By Calvin S. Nelson

DJ Envy, co-host of The Breakfast Membership, typically offers light-hearted commentary, however proper now, he’s related to a really critical federal investigation. Cesar Pina, often known as a enterprise affiliate of Envy’s and occasional visitor on The Breakfast Membership, has been arrested and charged by federal prosecutors for “a multi-million-dollar Ponzi-like funding fraud scheme” (as reported by Billboard on October 18). Individuals are giving DJ Envy the side-eye, and Desus Mero wasted no time utilizing it as satirical materials as this week’s The Every day Present host.

On Wednesday, October 25, Folks cited courtroom paperwork concerning DJ Envy’s potential involvement in Pina’s alleged fraudulent exercise.

“Pina partnered with a celeb disc jockey and radio persona to conduct actual property seminars across the nation,” the courtroom paperwork state. “By these seminars, self-promotional efforts, and different advertising methods, Pina developed a big social media following.”

Folks additionally relayed that Massimo D’Angelo, Envy’s legal professional, solely informed the publication that DJ Envy “had no involvement within the alleged scheme, and that he’s filed motions to dismiss two lawsuits that named Envy.” D’Angelo added, “Envy is a sufferer and sits in the identical place as the opposite alleged victims are in these schemes.”

In the meantime, Pina addressed the rumors surrounding DJ Envy throughout an Instagram Dwell on Tuesday, October 24 (as captured by Billboard), saying, “DJ Envy was by no means within the room with me. DJ Envy has nothing to do with any of those 20 lawsuits of those people who find themselves suing me. It f*cking sucks, bro. It pisses me off that every one these individuals are bashing DJ Envy.”

Billboard additionally contextualized the sophisticated authorized matter, as excerpted beneath:

“For months, Pina has confronted allegations that he promised dozens of traders huge income on actual property offers in Northern New Jersey, solely to return little or nothing. These accusations began on social media however shortly became not less than 20 civil lawsuits; one sufferer legal professional estimated that greater than 30 traders have come ahead, in search of over $40 million from Pina and his spouse, Jennifer.

A lot of these lawsuits, together with one filed by music trade veteran Anthony Martini, identify DJ Envy as a co-defendant, citing his shut ties with Pina — together with Pina’s frequent appearances on The Breakfast Membership and a collection of actual property seminars that the 2 males co-hosted. Envy has strongly denied the accusations, saying he knew nothing about any foul play and truly misplaced $500,000 that he invested with Pina.”

You possibly can watch what DJ Envy needed to say about it on the October 11 episode of The Breakfast Membership beneath.

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