Cesar Pina is negotiating a plea deal with federal authorities concerning his alleged real estate scams, per court documents. As The Shade Room previously reported, Pina has been accused of defrauding dozens of people of millions of dollars in relation to real estate investments.
Pina was arrested and charged with one count of wire fraud in October.
More Details Regarding The Recent Filing In Cesar Pina’s Case
According to court documents obtained by AllHipHop, Pina is “attempting to strike a plea deal with federal prosecutors.” Screenshots shared in a tweet on Thursday, January 4, by real estate investor Tony “The Closer” indicate that an “Order of Continuance” filing was made on December 27, 2023.
According to Cornell Law School, a continuance is “what a court may grant to delay proceedings until a later date.”
The filing suggests a continuance has been granted once before in Pina’s case. However, his counsel has requested another in an “attempt to resolve” the case and “avoid a trial.”
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Counsel for the parties represented that this additional continuance is necessary for effective preparation and to permit the parties to attempt to resolve this case prior to indictment and thereby avoid a trial,” clause three of the filing reads.
The filing goes on to assert that Counsel for the United States has also found that “this continuance is necessary.”
Furthermore, Pina has given consent for this continuance.
More Details Regarding The Fraud Suspect’s Reported Plea Deal
The order of continuance then asserts that the Court has granted the order of continuance for three particular causes.
One of the causes states that “plea negotiations are currently in progress for Pina.”
“…The circumstances of this case require giving defense counsel a reasonable amount of additional time for effective preparation,” the filing reads. “Plea negotiations are currently in progress, and both the United States and the defendant desire additional time to negotiate a plea agreement, which would render grand jury proceedings and a trial in this matter unnecessary… Thus the ends of justice served by granting continuance… outweigh the best interest of the public and the defendant in a speedy trial.”
Ultimately, the order of continuance was granted to Pina and both counsel teams with a deadline of Thursday, February 29.
🚨 Breaking News: In a significant development in the case involving Cesar Humberto Pina, business partner of DJ Envy, the U.S. District Court in New Jersey has granted a continuance until February 29, 2024. Plea negotiations are underway, aiming to resolve the case before… pic.twitter.com/tmXWBe6aTE
— Tony “The Closer” Robinson (@tonythecloser_) January 5, 2024
As The Shade Room previously reported, Pina initially faced up to twenty years in prison if convicted of wire fraud. Additionally, he was also fined $250,000.
DJ Envy Is Also Facing Potential Arrest
Pina’s business associate, DJ Envy, has also found himself in hot water in relation to Pina’s alleged crimes. As The Shade Room previously reported, Envy promoted Pina’s real estate investment opportunities on the nationally syndicated radio show, ‘The Breakfast Club.’
Since then, victims of Pina’s alleged scams alleged they wouldn’t have participated had it not been for Envy’s endorsement.
Envy has not been hit with charges in relation to the case. However, he has been ordered to produce “communications and documents” related to Pina’s commercial bankruptcy filing by Monday, January 8.
If Envy does not comply before that deadline, he may be arrested.
RELATED: UPDATE: DJ Envy Ordered To Produce Documents Related To Cesar Pina Bankruptcy Case Or Face Arrest
