DJ Envy & iHeartRadio Offices Investigated By Feds Amid Real Estate Scam Allegations: Report

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House Of Exile In Concert - New York, NY
NEW YORK, NY - MAY 19: DJ Envy attends House Of Exile In Concert at Terminal 5 on May 19, 2018 in New York City. (Photo by Johnny Nunez/WireImage)
Electronic devices were reportedly taken out of the iHeartRadio office.

In case you missed it, this morning, we reported on how DJ Envy's business partner Cesar Pina was arrested in New Jersey. He was subsequently hit with wire fraud charges before being released on bond. Overall, this all stems from allegations that Pina was stealing money from real estate investors. He and Envy were hosting numerous seminars about investing in the real estate market. However, things fell apart when people began accusing Pina of taking their money and never giving it back.

As for Envy, he was never accused of stealing money directly. Instead, many are accusing him of introducing them to Pina, who then went on to steal the money. Due to Envy's association with Pina, it would appear that the radio host is now under Federal investigation. According to a report from NBC, the iHeartRadio offices were visited by Federal agents who proceeded to take some electronic equipment with them. Just last week, Envy spoke on the case and proclaimed his innocence in all of it.

Read More: Rick Ross Blasts DJ Envy On Funk Flex For Fraud Scheme

DJ Envy Awaits Investigation

“Let me explain some things,” DJ Envy explained “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. 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."

This is a story that continues to develop. Having said that, be sure to stay tuned to HNHH for the latest news and updates from around the music world. We will always be sure to keep you informed. Additionally, let us know what you think of all of this, in the comments section below.

Read More: Why Are DJ Envy & Tyrese Beefing?

About The Author
Alexander Cole
Alexander Cole is the current editor-in-chief of HotNewHipHop. He started at HotNewHipHop back in 2018 where he began as a Sports and Sneakers writer. It was here where he began to hone his craft, putting his journalism degree from Concordia University in Montreal, Quebec, to good use. Since that time, he has documented some of the biggest stories in the hip-hop world. From the Kendrick Lamar and Drake beef to the disturbing allegations against Diddy, Alex has helped HotNewHipHop navigate large-scale stories as they happen. In 2021, he went to the Bahamas for the Big 3's Championship Game. It was here where he got to interview legendary figures like Ice Cube, Clyde Drexler, and Stephen Jackson. He has also interviewed other superstar athletes such as Antonio Brown, Damian Lillard, and Paul Pierce. This is in addition to conversations with social media provocateurs like Jake Paul, and younger respected artists like Kaycyy, Lil Tecca, and Jeleel!
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