Federal agents raided the offices of iHeartMedia, were raided by the feds following the arrest of DJ Envy’s former business partner Cesar Pina.
Pina pleaded not guilty to a wire fraud charge, and was released on a $1 million bond and electronic monitoring and cannot leave the state.
Joe Budden tried to warn DJ Envy bout the Real Estate scam n he was 100% right 😂😂😂🤣 pic.twitter.com/hoVTkFq0dI
— NASA MCMAHON (@NasaMcmahon) October 19, 2023
“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 on Wednesday.
“An inside source tells us that the iHeartRadio offices were visited by the feds, who took out electronic equipment as part of this investigation,” an NBC reporter claimed.
DJ Envy, who is a victim of Cesar, has denied being involved in the real estate scheme which scammed several investors out of millions of dollars, but fans are worried he may also face charges.
