‘The Breakfast Club’s’ DJ Envy is at the other side of the rumor mill after being accused of joining a real estate Ponzi scheme. Here’s the tea!
The Gist:
- DJ Envy is 1/2 of iHeartRadio's The Breakfast Club.
- In October 2023, Envy was once accused of being involved in his buddy, Cesar Pina's alleged real estate Ponzi scheme.
- DJ Envy denies being involved in the alleged Ponzi scheme and spoke out about it on The Breakfast Club.
Every weekday morning, radio host DJ Envy (born Raashaun Casey) and Charlamagne Tha God dive into celebrities’ trade on their massively widespread display, The Breakfast Club.
As lovers of the show already know, since 2011, Envy, Charlamagne, and their former co-host Angela Yee interviewed celebs, gave a number of “Donkey of the Day,” and saved many of them in their “Rumor Report.”
Throughout the hosts’ Breakfast Club run, they've been in the scoop for private issues. In October 2023, Envy discovered himself on the heart of a scandal linked to his off-air activity as a real estate investor.
So, what’s the tea on DJ Envy’s real estate drama? Here’s the whole thing to find out about his criminal woes.
DJ Envy’s real estate drama and alleged involvement in a Ponzi scheme explained.
Those accustomed to The Breakfast Club and its hosts know that each and every host has ambitions outside their nationally syndicated program. In fresh years, Envy showed his real estate knowledge with lovers and houses he has got in New Jersey. However, in October 2023, Envy’s passion landed him on the different side of gossip.
According to multiple stories, Envy used to be allegedly tied to a real estate Ponzi scheme crafted via real estate influencer Cesar Pina and his wife, Jennifer Pena. UpRoxx reported on Oct. 23 that Cesar, who refers to himself as a “real estate guru” and famous person house-flipper, used to be arrested on Wednesday, October 18, 2023, for “a multimillion-dollar Ponzi-like investment fraud scheme.”
The arrest got here after social media influencer Tony the Closer claimed Cesar have been the usage of his friendships with Envy, 50 Cent, Snoop Dogg, and other celebs to “defraud a lot of other people, taking their cash to take a position in flipping homes with the promise of giant income, however in the long run returning little or not anything.”
Envy’s title was once involved in 9 of the 21 proceedings towards Cesar, who also is going by way of “Flipping N.J.” on social media. According to Tony’s posts and the court cases, Envy confirmed his fortify for Cesar’s alleged crimes by promoting him multiple instances on The Breakfast Club, including his June 2022 appearance to advertise his funding platform, Flip to Dao.
This instrument permits users to make “fractional investments” in real estate initiatives. Following Cesar’s arrest, reviews surfaced that Envy’s iHeartRadio studio, the place he movies The Breakfast Club, used to be raided by means of feds who took probably the most DJ’s electronics as proof. However, TMZ stated that the raid never came about.
DJ Envy has denied involvement in Cesar Pina’s alleged unlawful real estate job.
Since Cesar’s arrest and the Ponzi scheme allegations were made public, Envy vehemently denies knowingly cooperating in any criminal activity. On the day of Cesar’s arrest, the host took to his platform, The Breakfast Club, the place he immediately addressed the case and his alleged involvement.
Against legal advisement, Envy shared that he had no concept what Cesar was allegedly doing to his shoppers. He additionally empathized with the people his former good friend reportedly stole from, noting he had additionally monetarily invested in Cesar.
“Cesar, if he took [the] cash, I wasn’t aware of it, nor did I even know,” Envy mentioned. “But I do understand how people really feel if they did give him cash because I gave him some huge cash [and] I didn’t see a greenback of return. But for anyone to say I used to be concerned, that’s no longer true.”
Although footage shows Envy and Cesar interacting on The Breakfast Club, Envy’s felony workforce additionally made a case that exonerated him from being complicit in Cesar’s alleged crime. Envy’s attorney, Massimo F. D’Angelo of the regulation company Blank Rome, believes his shopper may additionally “be a sufferer of the Pina’s alleged fraudulent habits,” as Envy believes he used to be “lured” into making an investment $500,000 in Cesar’s trade.
During a phone interview, Massimo also defined to Billboard that Envy’s involvement with Cesar isn’t as dangerous as it kind of feels and is most effective being “sensationalized” due to his superstar standing.
“They’re sensationalizing this situation,” Massimo explained. “Envy had no involvement whatsoever. The most effective explanation why he’s being dragged into this is because he’s a public determine.”
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