Last week The Breakfast Club co-host DJ Envy was the subject a News 4 I-Team investigation accusing Envy and his business partner Cesar Pina of scamming real estate investors [click here if you missed that].
Now Cesar has been arrested and the iHeartRadio Offices in New York raided by the Feds...
From NBC New York
Federal agents in New Jersey arrested the longtime business partner of popular radio host DJ Envy in connection to an alleged fraudulent real estate venture.
The arrest came a week after the News 4 I-Team reported investors claim they had been swindled out of millions of dollars.
Cesar Pina, often promoted on Envy's syndicated iHeartRadio show "The Breakfast Club," was arrested Wednesday on wire fraud. The federal complaint against Pina, 45, claims the man engaged in a Ponzi-like scheme to defraud dozens of victims.
Envy, whose real name is Rashaun Casey, was not charged. But many of the alleged victims say they were influenced by his celebrity.
A source familiar with the investigation said the iHeartRadio offices were visited by federal officials who removed electronic equipment as part of the ongoing investigation.
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