Iheart Radio raided by Feds from Dj envy Ponzy scheme – Allnewshit
A business partner of The Breakfast Club co-host DJ Envy has been arrested on a federal wire fraud charge in an alleged Ponzi-like real estate scheme.
Cesar Humberto Pina, 45, was arrested on Wednesday, as prosecutors said he bilked investors in his New Jersey home flipping scheme out of millions with false promises of huge returns.
Pina, who also goes by the moniker ‘Flipping NJ’, appeared often on the popular Breakfast Club morning radio show, hosted by DJ Envy and Charlemagne Tha God, where he touted his investment schemes.
DJ Envy, whose real name is RaaShaun Casey, has not been charged with wrongdoing, although a criminal complaint identifying him only as ‘Individual-1’ calls him Pina’s business partner, saying his fame was key to the alleged scheme.
As part of the probe, federal agents raided the offices of iHeartMedia, which syndicates the Breakfast Club, and seized electronic devices, according to WNBC-TV.
Federal agents in New Jersey arrested the longtime business partner of popular radio host DJ Envy in connection to an alleged fraudulent real estate venture. The arrest came a week after the News 4 I-Team reported investors claim they had been swindled out of millions of dollars. Cesar Pina, often promoted on Envy’s syndicated iHeartRadio show “The Breakfast Club,” was…
Source: DJ Envy associate charged with fraud in New Jersey real estate scheme probe – NBC New York
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