Feds Raid iHeart Radio Office To Investigate DJ Envy Of Real Estate Scam.

In a bizarre turn of events, popular disc Jockey DJ Envy is on the verge of losing his job and you won’t believe what he has to say about it to defend himself. Feds visitation to IHeart Radio Office. DJ Envy is about to lose everything he worked for in his life due to his involvement with this crime. He and his alleged partner Arcaudan is now threatening the Breakfast Club co-hosts job.

On October 17, 2023, the I Heart Radio Station in New York City where DJ Envy has been working for years was reportedly rated by the Feds in connection to the alleged real estate scam. NBC investigative reporter Sarah Wallace said in her report, “An inside source tells us the IHeart Radio offices were visited by the Feds who confiscated every electronic equipment as part of the ongoing investigation.”

Caesar Pina is popularly known by the moniker Flip and NJ and is the main individual behind the project, but DJ Envy is allegedly his business associate, Pina, who was arrested with wire fraud charges, came from allegations that Pina had been stealing money from the real estate business that he claimed to be a legitimate enterprise. Envy, on the other hand, has not been legally accused of stealing money directly from the clients, but many lovers of the Breakfast Club accused him outright and blamed DJ Envy for the incident because they claimed the talk show host had introduced Pina to the public.

While DJ Envy has been silent about the arrest and federal officers raiding his place of work, his attorney, Massimo DiAngelo, spoke up regarding the incident. Massimo said in the statement, “My understanding is that the report that federal agents visited IHeart Radio offices yesterday and removed electronic equipment in connection with the investigation and charges brought against Caesar Pina its faults.”

The statement continued, “The complaint that was filed against D.O.J. by D.O.J. in the United States District Court for the District of New Jersey was filed against D.O.P. Pina personally, not my client.” Massimo further explained in the statement he released, “Her my client’s dismissal motions, which is a matter of public record, my client had nothing whatsoever to do with the specific deals concerning Pina’s alleged real estate scheme.”

He concluded that any reference to his client’s involvement in the Ponzi scheme was solely to sensationalize the case due to his celebrity status. He added that even DJ Envy is a victim of the scam, because he had also invested about $500,000 in one of Pina’s real estate deals and has not been able to get any returns. DJ academics also reacted to the incident as he wrote on X, “Feds done raised power 105 1 over the real estate Rick.

I thought people was trolling about this, LOL. I guess the Fed’s not playing.” DJ Envy’s claim about the scam Pina’s arrest came after there had been several accusations from the victims of the alleged scam who dragged DJ Envy into the incident. DJ Envy was tagged as a co-purportrator of the crime, because people claimed he had used his influence on social media to trick people into dropping their money with the promise of high investment returns.

DJ Envy and Pina had also worked together on different real estate seminars to prove to people they were legit businessmen. They were reportedly being investigated for the various seminars they have held across the country to help promote the alleged Ponzi scheme. DJ Envy had gone on the Breakfast Club show earlier in October to talk about the accusations against Pina because he had previously promoted Pina’s business on the show.

While going against his legal team’s advice, DJ Envy addressed the issue on the show to clear his name and drop his two cents on the situation. The show host started with, “So let me explain some things he then continued. So Caesar 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 first buying my first home.

The talk show host continued. I even brought to actually show people how to purchase houses all online. He continued to maintain his innocence regarding the scam and said, “Now Caesar, 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 a money because I gave him a lot of money. Jesus, that I didn’t see a dollar of return.” DJ Envy persisted that he had nothing to do with the scam and even used his job as a means of defense and said, “For anybody to say I was involved, that’s totally not true.

I would never. I’ve been on this radio close to 30 years and never in my 30 years time that I do nothing but try to uplift people.” He concluded his innocent claim by saying he would never take a dollar from anybody. On going investigation on Pena’s fraud case, Pena’s crimes may just be catching up with him due to his association with the radio talk show host, but it’s not his first rodeo according to reports from police. Court documents revealed that Pena has been involved in this sort of crime since 2017.

Through the years, Pena has solicited several investments from small investors to flip homes in New Jersey while he promised them returns of about 20 to 45 percent in just five months. But he’s currently being accused on speculations that these small investors never got their returns. He complained that Pena embezzled their money for personal use and even used some of the victim’s money to pay off his debts to earlier investors to avoid being busted.

A special agent said in a statement, “We alleged Pena offered a ridiculously high rate of return to investors, then took the millions he got and invested it in himself.” Special agent James Denny, he also added, “History was proven time and again, hauntsyskeems don’t work. The pot of gold at the end of the rainbow eventually runs out. Investors take note. It’s your money. Don’t let them steal it.”

Before Pena’s arrest, several alleged victims had given accounts in interviews on how Pena had tricked and swindled them into believing they were in for a lucrative get-rich business. “He’s advertising this all over the radio and on television, so I thought this was legit.” One Jose Santiago told WNBC. He said he thought Pena would help him achieve the American dream. He added, “We invested $200,000 and we’re never going to get it back.”

After Pena’s arrest, a special agent in charge of IRS Criminal Investigation Newark Field Office said, “Playment simple. The defendant ran a fraudulent scheme. They falsely represented the nature of their business and lied about potential investment returns to build unsuspecting victims out of millions.” Pena pleaded not guilty and was released on a $1 million secured bond with electronic monitoring after he appeared in a Newark federal court. Pena would be facing a possible maximum penalty of 20 years in prison and a $250,000 fine if convicted of the charges against him.

Do you think DJ Envy is really guilty of the scam allegations his name is involved in? Or do you feel the radio talk show host is innocent as he claimed and should not be punished for the crime? Join the conversation and let us know in the comments section below. (upbeat music) You

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