Dream Wired
No Result
View All Result
  • Home
  • Celebrity
  • DramaAlert
  • Gossip
  • Movie
  • TV
  • Music
  • Comics
  • Shop
  • Home
  • Celebrity
  • DramaAlert
  • Gossip
  • Movie
  • TV
  • Music
  • Comics
  • Shop
No Result
View All Result
Dream Wired
No Result
View All Result
Home DramaAlert

DJ Envy’s Longtime Business Partner Arrested In ‘Ponzi-Like Scheme’

rmtsa by rmtsa
October 19, 2023
in DramaAlert
0
DJ Envy’s Longtime Business Partner Arrested In ‘Ponzi-Like Scheme’
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter


You might also like

Latto Reacts To Pregnancy Rumor With Fit Check Photos

Solano County Settles $17 Million Lawsuit With Black Woman

Ike Turner Jr. Passes Away One Day After 67th Birthday, Son Of Tina Turner And Ike Turner Died From Kidney Failure

A celebrity house-flipper was arrested on Wednesday, Oct. 18 on federal charges that he perpetrated “a multimillion-dollar Ponzi-like investment fraud scheme.”

BET Hip Hop Awards 2022 - Arrivals

Source: Prince Williams / Getty

Cesar Pina–a longtime business partner of The Breakfast Club host DJ Envy–was arrested after civil litigation and months of accusations across social media, according to reports from Billboard,

Victims allege that Pina stole their money with promises of big profits. When announcing the charges against Pina, federal authorities said the celebrity house-flipper had “exploited celebrity status and social media to develop a devoted following of potential victims.”

DJ Envy is associate with the scheme because many critics say he helped promote Pina, which includes interviewing him during multiple appearances on The Breakfast Club. Envy denies the accusations.

“Promising returns that were too good to be true, Pina allegedly defrauded dozens of people of millions of dollars,” New Jersey U.S. Attorney Philip R. Sellinger said in a statement. “Our office is committed to protecting the public from these schemes and prosecuting those who lie to investors for their own personal gain.”

While DJ Envy is not named in the charges and is not accused of any wrongdoing, criminally, federal prosecutors specifically mentioned that Pina “partnered with a celebrity disc jockey and radio personality” in an effort to boost his reputation in the real estate space. The Breakfast Club host is listed as “Individual-1.”

“Together, they used Individual-l’s celebrity to promote various real estate enterprises that Pina controlled,” prosecutors wrote in the criminal complaint. “Pina represented that he was a highly successful real estate investor, owned thousands of properties in multiple states, and had business relationships with numerous celebrities.”

Prior to Pina’s arrest, Envy took to his radio show to address the accusations against him, denying any knowledge of what Cesar was doing to his clients.

“Cesar and myself did seminars. Now the reasons why 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 first buying my first home,” he explained on the show. “I wanted to teach our community about investing and in generational wealth. So I did these seminars and brought industry professionals to all these seminars…that’s what I wanted to do for my people.”

After explaining their partnership, he went on to insist that he has no idea what Cesar was doing with his own business dealings.

“Now, Cesar? If he took money, I wasn’t privy to it nor did I even know,” Envy said. “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 returned. But for anybody to say I was involved, that is totally not true. I would never.”



Source link

Tags: ArrestedBusinessEnvysLongtimePartnerPonziLikescheme
Share30Tweet19
rmtsa

rmtsa

Recommended For You

Latto Reacts To Pregnancy Rumor With Fit Check Photos

by rmtsa
October 6, 2025
0
Latto Reacts To Pregnancy Rumor With Fit Check Photos

One thing about Big Mama? She usually keeps the internet chattin’ and guessing about her private life, especially when it comes to her man, her man, her man!...

Read more

Solano County Settles $17 Million Lawsuit With Black Woman

by rmtsa
October 6, 2025
0
Solano County Settles  Million Lawsuit With Black Woman

Source: Liudmila Chernetska / Getty Police officers continue to violently abuse their power and continue to cost cities billions, with a “b”, of dollars over the course of...

Read more

Ike Turner Jr. Passes Away One Day After 67th Birthday, Son Of Tina Turner And Ike Turner Died From Kidney Failure

by rmtsa
October 6, 2025
0
Ike Turner Jr. Passes Away One Day After 67th Birthday, Son Of Tina Turner And Ike Turner Died From Kidney Failure

PRAYERS: Tina Turner and Ike Turner’s son, Ike Turner Jr., has sadly passed away at the age of 67. He is reported to have passed one day after...

Read more

Liz Cambage Calls on WNBA Players To Make More Money Off Court Amid OnlyFans Success

by rmtsa
October 6, 2025
0
Liz Cambage Calls on WNBA Players To Make More Money Off Court Amid OnlyFans Success

Liz Cambage WNBA Players Gotta Cash In Off Court Not Gonna Get It From Contracts Published October 6, 2025 12:30 AM PDT Play video content TMZSports.com Liz Cambage...

Read more

Bad Bunny, KPop Demon Hunters & Dobby

by rmtsa
October 6, 2025
0
Bad Bunny, KPop Demon Hunters & Dobby

Bowen Yang's Dobby the House Elf is almost derailed by a massive wardrobe malfunction, while the Huntr/x singers are among Bad Bunny's surprise guest stars for a wacky...

Read more
Next Post
TRAVEL ACROSS PANDORA WITH THE “AVATAR: FRONTIERS OF PANDORA” OFFICIAL TIE-IN COMIC :: Blog :: Dark Horse Comics

TRAVEL ACROSS PANDORA WITH THE “AVATAR: FRONTIERS OF PANDORA” OFFICIAL TIE-IN COMIC :: Blog :: Dark Horse Comics

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Browse by Category

  • Celebrity
  • Comics
  • DramaAlert
  • Gossip
  • Movie
  • Music
  • TV
  • Uncategorized

CATEGORIES

  • Celebrity
  • Comics
  • DramaAlert
  • Gossip
  • Movie
  • Music
  • TV
  • Uncategorized
No Result
View All Result

Recent News

  • Latto Reacts To Pregnancy Rumor With Fit Check Photos
  • Amy Schumer’s Legs Take Center Stage After Ozempic Comeback
  • Just a Few Small Beers

Copyright © 2023 DramaWired.
DramaWired is a content aggregator and not responsible for the content of external sites.

No Result
View All Result
  • Home
  • Celebrity
  • DramaAlert
  • Gossip
  • Movie
  • TV
  • Music
  • Comics
  • Shop

Copyright © 2023 DramaWired.
DramaWired is a content aggregator and not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In