Cesar Pina, once tied to Power 105.1’s DJ Envy through real estate ventures, pulled up to federal court this week to face serious charges after a federal indictment accusing him of orchestrating a multi-million-dollar real estate scam.
Pina entered a not-guilty plea and was released on a $1 million secured bond.
The feds claim Pina mishandled massive amounts of investor cash, and with DJ Envy having been closely linked to him in business, the Breakfast Club host’s name inevitably got caught in the crossfire.
“Cesar Pina is alleged to have misappropriated millions of dollars of peoples’ hard-earned money, laundered money for narcotics traffickers, and bribed a politician in furtherance of real estate projects,” U.S. Attorney Alina Habba said.
“This multi-year torrent of criminal activity hurt investors around the United States, facilitated the scourge of narcotics trafficking, and undermined confidence in our public officials.”
Alleged victims flooded social media with claims of losing up to $1 million while doing deals with Pina. He was charged with one count of wire fraud and, if convicted, faces up to 20 years in prison.