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'Breakfast Club' host DJ Envy is being sued for alleged investment fraud

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The popular Power 105.1 FM radio personality had partnered with investor Cesar Pina to host real estate seminars across the country. The feds now say Pina was running a Ponzi scheme.

Popular radio personality DJ Envy of New York-based Power 105.1 FM has come under fire for his connection to accused real estate investment fraudster Cesar Pina.

"Pina exploited celebrity status and social media to develop a devoted following of potential victims," U.S. Attorney Philip R. Sellinger "These are working class folks. These are not wealthy individuals," said Alexander Schachtel, the attorney representing nine claimants against DJ Envy, Pina and others they accuse of being in on the scheme.wide audience, Envy has a responsibility to see the victims recompensed.

D'Angelo said that Envy invested $500,000 in a parcel of real estate with Pina, on which he never saw a return. Deangelo is one of the nine claimants the attorney, Schachtel, is representing in the suit that includes Envy.

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'Breakfast Club' host DJ Envy is being sued for alleged investment fraudThe popular Power 105.1 FM radio personality had partnered with investor Cesar Pina to host real estate seminars across the country. The feds now say Pina was running a Ponzi scheme.
Source: NPR - 🏆 96. / 63 Read more »