DJ Envy has been wrapped up in some pretty wild allegations as of late. Overall, it all stems from his association to Cesar Pina. The two were in business together as they sought to teach people how to invest in real estate. Pina has been accused of taking money from people and ultimately screwing them out of their investments. Although Envy is not being accused of doing the same, he does stand accused of funneling clients over to Pina.
According to RLS Media, Pina has been arrested on fraud charges in New Jersey. He was subsequently released on $1 million bond, however, he still faces wire-fraud charges. As of right now, DJ Envy has yet to make a statement on any of this. However, during an episode of The Breakfast Club last week, Envy did address some of the allegations. He noted that Pina took money from him as well and that he never saw a dime of his investments. Furthermore, he said that he only wanted to uplift his community and that he was never made aware of Pina taking cash from people.
Read More: DJ Envy Recalls R. Kelly Flying Him Out For Help On An R&B Mixtape
DJ Envy Under The Microscope
“Let me explain some things,” DJ Envy explained “So Cesar and myself did seminars. Now, the reason I did these seminars is because I wanted to uplift my community. I wanted to teach my community about real estate. Things that I didn’t know when I was buying my first home. So I did these seminars and brought industry professionals to all these seminars, whether it was real estate agents from different markets, contractors, money lenders. I even brought Auction.com to actually show people how to purchase houses online. 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 because I gave him a lot of money that I didn’t see a dollar of return."
This is a developing story, so stay tuned to HNHH for all of the latest news and updates. We will always be sure to keep you informed. Additionally, let us know what you think of all this, in the comments section down below.
Read More: Tyrese Says It’s “Gloves Off” For DJ Envy, Says He Mocked His Divorce
[Via]
