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.
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