The fresh Morning meal Club’s DJ Jealousy face lawsuits over his connections to Cesar Pina, having accused of an effective ‘Ponzi-eg scheme’. Exactly how did a radio behemoth let some thing get this much?

It really will not add up

D J Envy try an excellent poster youngster to own cool-hop’s crossover to your traditional. For the past 30 years, the fresh new 46-year-dated Queens native ran from hustling hiphop mixtapes to anchoring the latest Good morning The united states off urban radio – The fresh Morning meal Pub, where he plays the brand new role regarding schoolmarm towards the “brand new earth’s extremely risky day show”. The latest character out-of unsuccessful home tycoon, yet not, could prove to be their swan track since Envy’s own listeners accuse him from perpetrating a fraud system they do say bilked all of them out-of hundreds of thousands.

In Oct, federal agents in the Nj arrested a good forty-five-year-old influencer pal of Envy’s and you may repeat Breakfast Club guest named Cesar Pina getting their thought role in an effective “Ponzi-instance funding fraud program”, charging your with wire swindle

Prosecutors say Pina grabbed money from those personal backers to help you flip home inside New jersey, guaranteed as much as kissbrides.com web stranica forty-five% returns in four weeks, and you can skimmed that money to have himself and you can very early 1st traders.

No less than 20 litigation filed within the exact same big date once the government indictment characterize Pina as a great conman and a slumlord: they say he solicited financing to have characteristics the guy failed to own or also bother to fix up-and suckered numerous anyone with the expenses in identical bits of characteristics, and all when you are pocketing cash to possess his very own explore or to generate whole which have dated traders. Alleged sufferers even accuse him off trying to outlay cash straight back in bling, also branded pieces created by his aunt. Half of the latest lawsuits facing Pina and named Jealousy (actual title: Raashaun Casey), blaming the brand new DJ getting platforming Pina to your Break fast Pub and you can social networking. Only last times, Pina and you can Jealousy was basically titled from inside the good $2m suit accusing them of employing the newest sequence from genuine-property seminars they hosted to each other once the “funnels to attract for the sufferers”, and you can alleging abuses out of planned crime law and Nj Individual Ripoff Act.

This new conservative imagine to own Pina’s so-called ripoff stops in the $25m, however, one to hardly talks about brand new expanding headcount regarding subjects otherwise Pina’s so-called front side hustles: $two hundred to possess convention seats, private consultation services to have $dos,five-hundred. The very last contour might possibly be regarding the vast sums, says Alexander Schachtel, another Jersey attorney exactly who is short for many of the subjects suing Pina and you can Envy.

“Jealousy and you can Pina told you within the filed films which they very own 2,000 characteristics together value more $100m,” Schachtel says. “If that is true, why are it increasing money from Joe Schmo the fresh new auto technician? ”

Pina, that has on a $1m bond and confronts a maximum 20-12 months phrase and a beneficial $250,000 okay in the event the convicted, claims his innocence. Jealousy wasn’t faced with a crime plus states he missing $five-hundred,000 during the a bona-fide estate handle Pina. The feds still detailed Pina got married which have “a high profile disc jockey and radio identity to make real estate meetings within the nation” is always to worry Jealousy and his employers. At the least, Envy is actually guilty of that have Pina, an ex lover-fraud exactly who supposedly overcome the true property games if you find yourself serving time for charge card fraud, towards the Morning meal Bar several times for the past four otherwise half a dozen many years. “I authored Cesar,” Envy boasted inside the a lately resurfaced songs video. “Cesar would not feel the lifeline or perhaps the lifetime he’s got versus a beneficial DJ Jealousy.”

“I thought they had specific vetting processes set up and also make certain that this guy was legit,” says Stanley Acosta, an effective 30-year-dated retail banker from Queens just who spent $150,000 within the Pina’s a residential property campaign just after reading him with the Breakfast Pub, and this Acosta paid attention to to the their travel into the really works. “They enhance others on there constantly – doctors, attorneys, other businesses – and perhaps they are most of the legitimate.”