DJ Envy (left) and his former business partner Cesar Pina have been hit with another lawsuit. The two men face nearly 2 dozen lawsuits related to their real estate flipping company.
In court documents obtained by AllHipHop.com, Derik Deangelo, Chamblin Group Real Estate Ventures LLC and Reispec Developments LLC are suing Envy, Pina and several co-defendants for allegedly using their “Flipping New Jersey” real estate seminars to scam them out of their hard earned money.
Envy and Pina are accused of violating New Jersey’s Consumer Fraud Act, fraud, breach of contract, negligent misrepresentation, securities fraud, a civil RICO violation, joint and several liability and fraudulent transfer.
The Plaintiffs are seeking a minimum of $2 million in damages. They’re also asking for a jury trial.
“During these private consultations and meet and greets, members of the Pina network attempted to ‘size up’ the financial resources of each attendee and solicited individuals with sufficiently high net worth to “partner” with Pina, DJ Envy, and other members of the network in real estate ‘joint ventures,'” the documents read. “During these meetings, Pina also offered his personal ‘consulting services’ wherein he made himself available for one-on-one private meetings with guests at his office for flat rate fees ranging from $1,500 to $2,500 per meeting and more.”
DJ Envy, co-host of The Breakfast Club, has vigorously denied using his platform to scam unsuspecting real estate investors. He is still employed by iHeart Radio as a co-host on The Breakfast Club morning show in NYC.
Pina was arrested and charged with real estate fraud. He is currently on house arrest. DJ Envy was not charged.
