DJ Envy’s legal troubles from his real estate endeavors seem to be intensifying as new reports indicate that authorities paid a visit to his workspace in New York City.
On Wednesday (October 18), NBC investigative reporter Sarah Wallace revealed that the iHeartRadio office was raided by federal officials. Electronic equipment from the company’s Midtown Manhattan building, which is where The Breakfast Club operates out of, was taken for the investigation.
“An inside source tells us that the iHeartRadio offices were visited by the feds, who took out electronic equipment as part of this investigation,” she said.
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— HipHopDX (@HipHopDX) October 19, 2023
DJ Envy’s business partner was taken into police custody earlier this week amid several fraud charges brought against both.
In late October, New Jersey property investor Cesar Humberto Pina was arrested on charges relating to a wire-fraud scheme. The 45-year-old was released on a $1million secured bond with electronic monitoring after appearing in a Newark federal court.
He is being accused of using his reach on social media to take advantage of his followers, promising high investment returns and allegedly tricking several people out of millions of dollars in the process.
Case documents and legal statements have revealed that Pina and the radio host are being investigated for seminars they’ve held across the country to entice and subsequently defraud investors.
Earlier this month, Envy addressed the fraud allegations that have spawned several lawsuits against him and Pina. Against his legal team’s wishes, he took to the mic on The Breakfast Club in early October to clear the air regarding the accusations.
“Let me explain some things,” he began. “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.”
He continued: “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.
“For anybody to say I was involved, that’s totally not true. I would never. I’ve been on radio close to 30 years and never in my 30 years’ time did I do nothing but try to uplift people… And I would never take a dollar from somebody.”