Real Estate Influencer Cesar Pina Arrested For Defrauding Investors

DJ Envy’s business partner, Cesar Humberto Pina, has been arrested for a million-dollar real estate fraud scheme.

The popular investor and author grew a large online following, teaching people how to flip homes and improve their credit. However, investigators believed he used his popularity to defraud investors. According to the U.S. Attorney’s Office, District of New Jersey press release, “Pina offered a ridiculously high rate of return to investors, then took the millions he got and invested it in himself.”

Court documents have also revealed that Pena and Envy are both being investigated for their nationwide seminars, which helped lure in other victims. Envy has publicly denied scamming investors despite multiple lawsuits targeting him and Pina.

“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,” Envy said during a recent episode of “The Breakfast Club.” Charlamagne Tha God also defended Envy, pointing out that he had not been accused of stealing but only of introducing victims to Pina.

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According to the feds, Pina started taking payments as early as 2017 to buy, renovate, and sell properties across multiple states. He guaranteed returns on investments ranging from 20 to 45 percent within five months. Unfortunately, this never happened.

Pena has since been released on a secured $1 million bond.