The legal professional for radio speak present host DJ Envy, whose actual identify is Rashaun Casey, is blasting buyers who say they have been victimized in an actual property scheme orchestrated by the movie star’s former enterprise associate.
In October 2023, federal authorities in New Jersey charged Cesar Pina, nicknamed ‘Flippin’ NJ, with wire fraud, accusing him of operating a Ponzi-type actual property enterprise providing buyers a chance to flip homes in distressed New Jersey neighborhoods.
Pina usually appeared on Envy’s syndicated radio present, The Breakfast Membership. By that point, a number of buyers who paid anyplace from $100,000 to 1,000,000 {dollars}, had filed civil lawsuits towards Cesar, his spouse, and Casey.
Cesar’s legal professional tried to delay the civil lawsuits due to the legal case, however a choose lately denied that request.
Attorneys for a number of buyers say they’ve already obtained financial institution information displaying that the Pinas systematically cleaned out a number of financial institution accounts and moved cash, typically hours, after receiving investor funds.
“I’d estimate that between $25 and $50 million that was taken from financial institution accounts,” stated Alexander Schachtel, who represents 12 buyers. Attorneys for alleged victims declare Envy/Casey needs to be held responsible for selling Pina.
“None of us would have invested with Cesar if it had not been for Envy’s endorsement,” stated Luis Hernandez, who paid $250,000 to take a position.
Casey’s legal professional, Dan Marchese, blasted the plaintiffs, accusing them of smearing the movie star’s good identify and popularity within the hope of shaming him into some kind of economic decision.
“That is green-mail, pure and easy,” he stated.
Pina is scheduled to be again in federal courtroom in Newark on Monday for a bail revocation listening to.
Sources near the investigation inform Information 4 he could also be accused of participating in new actual property transactions and making an attempt to contact witnesses.
