The Feds arrested DJ Envy’s longtime business partner Cesar Pina in connection to an alleged fraudulent real estate venture.
Envy’s business partners Cesar Pina and Jennifer Pina, were accused of taking nearly $2 million in investments from plaintiffs Anthony Barone and Anthony Martini and used the funds to support their extravagant lifestyles and/or to pay off other investors.
DJ Envy has made clear that he played no part in the alleged fraud.
BREAKING NEWS UPDATE: DJ ENVY FRIEND CESAR PINA HAS BEEN ARRESTED. pic.twitter.com/RvSnMRX1Jg
— MEGA G (@megadabest) October 18, 2023
Pina was arrested on wire fraud and the feds say he engaged in a Ponzi-like scheme to defraud dozens of victims.
“As alleged in the complaint, Pina exploited celebrity status and social media to develop a devoted following of potential victims. Promising returns that were too good to be true, Pina allegedly defrauded dozens of people of millions of dollars,” U.S. Attorney Philip R. Sellinger said in a press release.
