Dj Envy blames Cesar Pina for the real estate Ponzi scheme

Raashaun Casey, more commonly known as DJ Envy, is now claiming he lost $500,000 in a real estate venture with his business partner Cesar Pina, per NBC-4 New York. While DJ Envy is also considered a victim in what is being labeled as a “$40 Million Ponzi Scheme,” per the outlet, his endorsement of the venture on his show, “The Breakfast Club,” as well as at seminars has landed him in several lawsuits. Despite the growing allegations, Jennifer Pina, wife of Cesar, states to NBC-4, “I say, just hold tight and we’re going to come through.” Amid the chaos, a judge has appointed a bankruptcy trustee to manage some of the Pinas’ companies.