DJ Envy & iHeartRadio Offices Investigated By Feds Amid Real Estate Scam Allegations: Report

BYAlexander ColePublished on October 19, 20236.7K Views

House Of Exile In Concert - New York, NY

NEW YORK, NY - MAY 19: DJ Envy attends House Of Exile In Concert at Terminal 5 on May 19, 2018 in New York City. (Photo by Johnny Nunez/WireImage)

Electronic devices were reportedly taken out of the iHeartRadio office.

In case you missed it, this morning, we reported on how DJ Envy's business partner Cesar Pina was arrested in New Jersey. He was subsequently hit with wire fraud charges before being released on bond. Overall, this all stems from allegations that Pina was stealing money from real estate investors. He and Envy were hosting numerous seminars about investing in the real estate market. However, things fell apart when people began accusing Pina of taking their money and never giving it back.

As for Envy, he was never accused of stealing money directly. Instead, many are accusing him of introducing them to Pina, who then went on to steal the money. Due to Envy's association with Pina, it would appear that the radio host is now under Federal investigation. According to a report from NBC, the iHeartRadio offices were visited by Federal agents who proceeded to take some electronic equipment with them. Just last week, Envy spoke on the case and proclaimed his innocence in all of it.

DJ Envy Awaits Investigation

“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 story that continues to develop. Having said that, be sure to stay tuned to HNHH for the latest news and updates from around the music world. We will always be sure to keep you informed. Additionally, let us know what you think of all of this, in the comments section below.

Read More: Why Are DJ Envy & Tyrese Beefing?

About The Author

Alexander Cole

Alexander Cole is the current Managing Editor of HotNewHipHop. He started at HotNewHipHop back in 2018 where he began as a Sports and Sneakers writer. During this time, he has shown an expertise in Air Jordans, Yeezys, and all things that have to do with Nike. His favorite kicks are the Air Jordan 1 High OG, the Air Jordan 4, the Air Jordan 6, and the Adidas Yeezy Boost 350 V2 in the "Beluga 2.0" colorway. Although his collection might not be the biggest, he is always looking to add new styles to it. When it comes to sports, Alex has a particular interest in the NBA and the NFL. His favorite teams are anywhere LeBron goes, and the Kansas City Chiefs. As a Montrealer, the Montreal Canadiens hold a special place in his heart, even if they haven't won the Stanley Cup in his lifetime. Alex also works for the Concordia Stingers, where he provides play-by-play and color commentary for the football, hockey, and basketball teams His favorite hip-hop artists are Kendrick Lamar, Playboi Carti, Travis Scott, and Lil Uzi Vert.