The new Morning meal Club’s DJ Jealousy faces legal actions over their connections so you’re able to Cesar Pina, that implicated out-of a ‘Ponzi-for example scheme‘. Just how performed a radio behemoth let something get this to far?
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D J Jealousy try an excellent poster child to own cool-hop’s crossover with the traditional. Over the past 30 years, the fresh new 46-year-old Queens native went out of hustling hip hop mixtapes so you’re able to anchoring the latest Good morning The united states off urban radio – New Morning meal Pub, where he takes on the new role out-of schoolmarm toward “the latest earth’s really harmful day show”. The newest role out of unsuccessful a house tycoon, however, may end up being their swan tune now that Envy’s own audience accuse your from perpetrating a fraud strategy they say bilked all of them away from hundreds of thousands.
Inside the October, government agencies when you look at the Nj arrested an effective forty-five-year-old influencer buddy from Envy’s and you may recite Breakfast Club invitees named Cesar Pina getting their thought character in good “Ponzi-including money scam plan”, billing your which have wire ripoff
Prosecutors say Pina took funds from all those private backers to help you flip houses from inside the Nj, guaranteed doing forty-five% output in the four days, and you will skimmed those funds to have themselves and you may very early very first people.
At least 20 lawsuits submitted inside the same date given that federal indictment define Pina just like the an excellent conman and you can a great slumlord: people say he solicited financing having properties he didn’t own or also bother to solve up-and suckered multiple somebody into the spending in identical pieces of services, and all sorts of if you are pocketing dollars to have his very own have fun with or even generate entire that have old people. Alleged subjects even accuse him of trying to outlay cash back during the bling, as well as branded pieces from his brother. 1 / 2 of the latest legal actions facing Pina and named Envy (genuine name: Raashaun Casey), blaming this new DJ to possess platforming Pina towards the Morning meal Pub and you may social network. Only past times, Pina and you may Envy was indeed named from inside the a good $2m suit accusing all of them of employing the newest string out of real-house meetings they hosted to each other given that “funnels to attract into the victims”, and alleging abuses regarding organized offense legislation and also the Nj-new jersey User Scam Act.
The new conventional imagine getting Pina’s alleged swindle closes from the $25m, however, one scarcely covers the latest expanding headcount away from subjects or Pina’s alleged front side hustles: $two hundred having conference passes, personal meetings getting $2,five hundred. The final profile will be on the billions, claims Alexander Schachtel, another Jersey attorneys which represents a few of the victims suing Pina and you will Jealousy.
“Jealousy and you can Pina told you inside the submitted videos that they own dos,000 features to each other worthy of more than $100m,” Schachtel claims. “If that’s correct, why are they raising money from Joe Schmo the mechanic? ”
Pina, who’s got on a good $1m bond and confronts a maximum 20-12 months sentence including good $250,000 okay in the event that convicted, claims their purity. Envy was not charged with a crime and even claims the guy missing $five hundred,000 from inside the a bona-fide house manage Pina. Your feds however listed Pina had hitched with “a celebrity disk jockey and you can radio identity in order to run home conferences around the country” should care and attention Envy and his companies. At the very least, Envy are responsible for having Pina, an ex lover-scam which purportedly tackle the genuine home games while you are helping time having charge card ripoff, to the Morning meal Club multiple times over the past five or six age. “I written Cesar,” Envy boasted in the a recently resurfaced songs video. “Cesar would not feel the lifeline or the existence he has in place of an excellent DJ Envy.”
“I was thinking that they had specific vetting techniques positioned making certain that this guy are legit,” says Stanley Acosta, a beneficial 30-year-old retail banker out of Queens exactly who invested $150,000 within the Pina’s home strategy shortly after reading your with the Break fast Pub, which Acosta paid attention to toward his travel on the really works. “They boost anybody else on the website usually – medical professionals, solicitors, other businesses – plus they are all of the legitimate.”