New Breakfast Club’s DJ Envy faces lawsuits over his connections to help you Cesar Pina, that has implicated out of good ‘Ponzi-such as scheme’. Exactly how performed a wireless behemoth assist anything make this much?

It really cannot seem sensible

D J Jealousy was a good poster child to possess hip-hop’s crossover for the popular. Over the past 3 decades, the fresh new 46-year-old Queens local went out-of hustling rap mixtapes to help you anchoring the new Hello America off urban radio – The latest Breakfast Pub, in which the guy plays the latest role from schoolmarm to your “brand new earth’s really risky early morning show”. The latest role of hit a brick wall a residential property tycoon, however, might well end up being their swan tune now that Envy’s individual audience accuse your out-of perpetrating a fraud scheme they state bilked them of hundreds of thousands.

Inside October, federal agents from inside the New jersey arrested an excellent forty five-year-old influencer buddy out of Envy’s and you can recite Break fast Bar invitees called Cesar Pina getting his suspected role within the a beneficial “Ponzi-such as for instance funding ripoff system”, battery charging your which have cable swindle

Prosecutors say Pina took funds from those individual backers so you can flip properties from inside the Nj-new jersey, guaranteed doing 45% yields from inside the four weeks, and skimmed that money to possess himself and you will early 1st investors.

At the least 20 lawsuits registered within exact same go out because federal indictment define Pina because the an effective conman and you can a good slumlord: they state the guy solicited fund to own services the guy failed to very own or even annoy to fix up and suckered multiple anyone to the purchasing in the same pieces of properties, and all of if you are pocketing bucks to possess his or her own use or even to create entire having old investors. Alleged subjects also accuse your from wanting to pay them right back in bling, and additionally branded bits produced by his cousin. Half the new lawsuits against Pina including called Jealousy (actual identity: Raashaun Casey), blaming the fresh DJ getting platforming Pina for the Morning meal Bar and you may social media. Just last week, Pina and you can Jealousy were entitled from inside the a good $2m lawsuit accusing all of them of using new sequence out-of genuine-property meetings it organized to one another once the “funnels to draw in sufferers”, and you will alleging abuses away from arranged crime rules and New jersey User Scam Operate.

The newest conservative guess to have Pina’s so-called ripoff stops from the $25m, but that rarely covers the fresh new broadening headcount out-of victims otherwise Pina’s alleged front hustles: $two hundred to own seminar seats, private meetings for $2,500. The final profile will be regarding the billions, says Alexander Schachtel, a special Jersey attorney who stands for many of the victims suing Pina and you can Envy.

“Jealousy and you may Pina said in recorded video clips that they individual 2,000 characteristics to each other worth over $100m,” Schachtel claims. “If that is real, why are it elevating money from Joe Schmo this new mechanic? ”

Pina, who has got on a beneficial $1m thread and you seksi Ekvador Еѕene koje traЕѕe muЕѕeve can face an optimum 20-season sentence including a beneficial $250,000 fine when the found guilty, asserts his innocence. Jealousy wasn’t faced with a criminal activity and also says the guy lost $five-hundred,000 inside a bona-fide home handle Pina. That feds nonetheless noted Pina got partnered that have “a hollywood disk jockey and you can radio character so you can carry out home conferences within the country” is care and attention Jealousy with his companies. About, Envy are guilty of that have Pina, an ex lover-ripoff whom purportedly overcome the genuine house game when you’re serving time getting credit card fraud, on Break fast Club multiple times over the past five otherwise half dozen age. “We created Cesar,” Envy boasted from inside the a not too long ago resurfaced music video. “Cesar wouldn’t feel the lifeline and/or life he’s got as opposed to a beneficial DJ Envy.”

“I imagined they had specific vetting procedure positioned and also make sure he are legit,” claims Stanley Acosta, good 29-year-dated shopping banker out-of Queens just who spent $150,000 inside Pina’s home campaign after reading him to the Morning meal Pub, and this Acosta listened to for the his travel towards the really works. “They enhance someone else on there always – medical professionals, lawyers, other businesses – and they’re all of the legit.”