DJ Envy Under Federal Watch!

DJ Envy's days are numbered.

New York media personality DJ Envy, one of the co-host of The Breakfast Club is facing scrutiny and also a federal watch. His buddy is facing a federal sandwich after he stole money from victims who wanted to make money flipping homes in New Jersey.

His freedom and job are on the line. 

IHeartMedia, the company that syndicate the Power 105.1 FM show had its offices searched by the feds. Electronic devices were seized.

The well-known DJ, whose real name is Raashaun Casey, often advertised his real estate business with Pina, also known online as FlippingNJ, on the iHeart radio show that's said to reach over 4 million listeners on nearly 100 stations across the country.

"We're here in one of the properties that we own, this is 24 units, six storefronts. And, we just want to go over some of the things with rentals," DJ Envy said.

Cesar Pina, a controversial figure is facing an indictment due to his scheme to steal funds from victims of his online scam. He charged by complaint with one count of wire fraud. He appear before U.S. Magistrate Judge Edward S. Kiel in Newark federal court and was release on $1 million secured bond with electronic monitoring.

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. Our office is committed to protecting the public from these schemes and prosecuting those who lie to investors for their own personal gain.”

U.S. Attorney Philip R. Sellinger said in the indictment:

"Investment fraud is simply a crime of greed," U.S. Postal Inspector in Charge Christopher A. Nielsen of the U.S. Postal Inspection Service, Philadelphia Division, said. "In this case, Cesar Pina allegedly solicited dozens of individuals to provide him with millions of dollars to purchase and invest in residential properties. However, instead of sharing the profits, he defrauded his investors in a Ponzi scheme. Postal Inspectors will continue to work with our law enforcement partners to combat financial fraud and protect the American people."

“Plain and simple, the defendant ran a fraudulent scheme. They falsely represented the nature of their business and lied about potential investment returns to bilk unsuspecting victims out of millions,” Tammy Tomlins, Special Agent in Charge of IRS – Criminal Investigation Newark Field Office, said. “Today’s arrest highlights IRS Criminal Investigation and our law enforcement partners’ commitment to investigate and prosecute unlawful behavior.”

Cesar Pina and wife are indicted for wire fraud.

“We allege Pina offered a ridiculously high rate of return to investors, then took the millions he got and invested it in himself,” FBI – Newark Special Agent in Charge James E. Dennehy said. “History has proven time and again, Ponzi-schemes don't work. The pot of gold at the end of the rainbow eventually runs out. Investors take note – it’s your money, don’t let them steal it.” 

According to documents filed in this case and statements made in court:

Pina partnered with DJ Envy to conduct real estate seminars around the country. Through these seminars, self-promotional efforts, and other marketing strategies, Pina developed a significant social media following.

Starting in 2017, Pina began accepting investments from victim investors for the alleged purchase, remodel, and sale of specific real estate projects in New Jersey and other states. To induce his victims, Pina often promised 20 to 45 percent returns on investment within five months. But instead of using victims’ investments as promised, Pina engaged in a Ponzi-like scheme by commingling victim money, using new victim investments to pay off prior victims, and spending victim funds on personal expenditures. The investigation has revealed that Pina defrauded dozens of investors of millions of dollars.

Stuck like glue.

The charge of wire fraud carries a maximum penalty of 20 years in prison and a fine of $250,000, or twice the gross amount of any pecuniary gain that any persons derived from the offense or of any pecuniary loss sustained by any victims of the offense, whichever is greatest.

U.S. Attorney Sellinger credited special agents of the U.S. Attorney’s Office for the District of New Jersey, under the direction of Special Agent in Charge Thomas Mahoney; special agents and task force officers of the U.S. Drug Enforcement Administration, under the direction of Special Agent in Charge Cheryl Ortiz in Newark; postal inspectors of the U.S. Postal Inspection Service in Newark, under the direction of Christopher A. Nielsen, Philadelphia Division; special agents and task force officers of IRS – Criminal Investigation, under the direction of Special Agent in Charge Tammy Tomlins in Newark; and special agents of the FBI, under the direction of Special Agent in Charge James E. Dennehy in Newark, with the investigation leading to the charges. He also thanked the Franklin Lakes Police Department for its assistance in the investigation.

The government is represented by Assistant U.S. Attorneys Mark J. Pesce and Carolyn Silane of the Economic Crimes Unit in Newark.

The charges and allegations contained in the complaint are merely accusations, and the defendant is presumed innocent unless and until proven guilty.

Bargain seller.

The Breakfast Club has seen setbacks since the departure of Angela Yee. She left the show after expressing frustration with pay, the feud with Gucci Mane, the torment from Envy and Charlamagne tha Rapist and it was better she got out of it because she knew their downfalls were eminent.

Massimo F. D'Angelo, DJ Envy's attorney, insisted that the radio host did nothing wrong.

"DJ Envy is a victim, just like the others. He's actually a double victim, because now there's a bunch of false reporting. And again, you know, an element of sensationalism that's attached to this simply because of his celebrity figure," D'Angelo said.

DJ Envy claimed he never made any money from the business venture.

"I didn't see a dollar of return. I do nothing but try to uplift people and show people a different way to the business model," DJ Envy said.

Hopefully Jeffrey Shaun King will feel the feds some day and I may feel that justice is coming.