Federal agents in New Jersey arrested a business partner of DJ Envy for alleged real estate fraud. Cesar Pina, featured on Envy’s “The Breakfast Club,” was arrested for wire fraud recently. He allegedly defrauded dozens of victims through a Ponzi-like scheme. Envy, whose real name is Rashaun Casey, was not charged, but many alleged victims claim his celebrity influenced them.
A source familiar with the investigation told NBC 4 that federal agents visited iHeartRadio offices and seized electronic equipment as part of the ongoing investigation. DJ Envy’s attorney, Massimo D’Angelo, denied such claims. Envy partnered with Pina to teach on generational wealth and home buying to uplift the community on “The Breakfast Club.”
“I did these seminars and brought industry professionals to all these seminars,” Envy shared on his morning show. “Now, Cesar, if he took money, I wasn’t privy to it, nor did I even know. But I do understand how people feel if they did give him money.”
Envy claimed that he empathized with Pina’s victims because he allegedly gave him money but did not receive a return. He denied stealing from anyone.
After that show ended, Pina was arrested by federal agents on one count of wire fraud charges, which the co-host plead not guilty to. He was released on a $1 million bond but is now under electronic monitoring. As a constructive measure, he has been prohibited from leaving the state of New Jersey, as he may face additional charges for money laundering.
In the complaint, local U.S. Attorney Philip R. Sellinger stated that Pina used his celebrity status and social media presence to gain a devoted following of potential victims, whom he then exploited.
“Pina and his business partner, a well-known disc jockey and radio personality (“Individual-1″), operated a company that conducted real estate seminars around the country. Together, they used Individual-l’s celebrity to promote various real estate enterprises that Pina controlled.”
According to Yahoo News, Envy’s wife, Gia Casey, reportedly removed some of her social media posts featuring the numerous luxury designer items that Envy buys her in a year. Envy is known for gifting his wife with presents for each of the 12 days leading up to Christmas, earning him a reputation for lavish gift-giving.
Starting in 2017, Pina began taking investments to renovate and resell properties, promising a 20-45% return on investment (ROI) within five months across New Jersey and other places.
According to reports, Pina is accused of diverting some investments for his personal gain and using fresh investments to repay the earlier investors. Shortly before Pina’s arrest, NBC 4 New York covered a story of several investors who had not received the project’s promised payments.
Pina allegedly scammed investors by soliciting investments in properties he didn’t own and offering the same properties to multiple investors. He is also accused of attempting to pay an investor back in jewelry. Pina and his wife, full name Jennifer, are now facing over 20 lawsuits.
As previously stated, following his arrest, Pina was released on a $1 million bond and is currently restricted to New Jersey. If found guilty of wire-fraud, he could face a maximum of 20 years in prison and significant fines.
In other news – Kat Graham marries best friend Bryant Wood
The Vampire Diaries star, 34, has tied the knot with her business partner and best friend Bryant Wood. The pair had a legal ceremony in Los Angeles where they wore matching white outfits and had a friend officiate their union. They are planning a larger, second ceremony next year, but no date has been set.
The Love in the Villa actress and her husband, who is a master breathwork instructor and motivational coach, have been best friends for five years since starting their wellness company Modern Nirvana, along with Frank Elaridi. Read More
