The lawyer for radio discuss present host DJ Envy, whose actual title is Rashaun Casey, is blasting buyers who say they had been victimized in an actual property scheme orchestrated by the superstar’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 possibility 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 wherever from $100,000 to one million {dollars}, had filed civil lawsuits in opposition to Cesar, his spouse, and Casey.
Cesar’s lawyer tried to delay the civil lawsuits due to the felony case, however a decide lately denied that request.
Attorneys for a number of buyers say they’ve already obtained financial institution information exhibiting that the Pinas systematically cleaned out a number of financial institution accounts and moved cash, generally hours, after receiving investor funds.
“I would estimate that between $25 and $50 million that was taken from bank accounts,” mentioned Alexander Schachtel, who represents 12 buyers. Attorneys for alleged victims declare Envy/Casey ought to be held chargeable for selling Pina.
“None of us would have invested with Cesar if it had not been for Envy’s endorsement,” mentioned Luis Hernandez, who paid $250,000 to speculate.
Casey’s lawyer, Dan Marchese, blasted the plaintiffs, accusing them of smearing the superstar’s good title and repute within the hope of shaming him into some sort of monetary decision.
“This is green-mail, pure and simple,” he mentioned.
Pina is scheduled to be again in federal court docket in Newark on Monday for a bail revocation listening to.
