It appears DJ Envy has no drawback testifying in opposition to his former enterprise associate, Cesar Pina. Cesar is accused of defrauding actual property traders.
In December, the Breakfast Membership host additionally confronted potential authorized bother. A choose requested to supply paperwork associated to Pina's chapter submitting.
DJ Envy to testify in opposition to former enterprise associate
The chapter courtroom choose ordered Envy, which allegedly maintained an extended enterprise relationship with Pina, to submit paperwork associated to its transactions.
The choose's order advised suspicions of immoral or unlawful actions, implying that Envy and Pina may have presumably conspired to defraud collectors.
However Envy, actual identify Raashaun Casey, doesn't appear apprehensive. His lawyer confirmed that they’ve despatched all of the paperwork requested by the courtroom. As well as, the radio character is ready to clear his identify by testifying in opposition to Pina, whether it is vital for him.
RELATED: UPDATE: Cesar Pina says DJ Envy was 'by no means within the room' with him throughout alleged actual property schemes
“We’re conscious that on December 20, 2023, the Courtroom issued an Order requiring the manufacturing of paperwork requested in these subpoenas,” his lawyer, Daniel Marchese wrote in courtroom paperwork obtained by All Hip Hop.
The courtroom reveals a particular curiosity within the transactions that happened between Envy and Pina across the time of the chapter.
The choose would contemplate this era essential. Pina may have made any fraudulent transactions throughout this time to guard the belongings from inclusion within the chapter report.
“At the moment, I’m comfortable to announce that on Friday, January 5, 2024, we forwarded our solutions and the manufacturing of paperwork to the legal professional for the trustee in these aforementioned circumstances.” Marquis continued.
“Given the skilled forwards and backwards between the lawyer and I since then, it appears that evidently certainly the solutions and the manufacturing have been acknowledged and obtained by the Trustee. With this writing, I subsequently verify the compliance of my consumer with the Order of Your Honor. As I’ve supplied to the legal professional for the trustee, I’ve additionally proposed to the Courtroom {that a} sworn testimony (in any kind) is important to affirm the solutions and the manufacturing of my consumer, he he readily engaged.”
Cesar Pina Actual Property Fraud Case
Pina is charged with a number of counts of fraud. These embody mortgage fraud, wire fraud, and conspiracy to commit financial institution fraud.
Presumably, he manipulated property costs to safe bigger loans from banks that had been wanted. Prosecutors accuse him of utilizing the funds for private bills and investing in different enterprise ventures.
If these expenses stand, it will imply that Pina had operated a scheme that defrauded individuals out of tens of millions of {dollars}.
In accordance with Vibe, Pina will contemplate a plea deal. The plea may scale back his expenses or lighten his sentence. If Pina chooses to simply accept a deal, it should contain an act of contrition to some or the entire expenses in opposition to him.
No phrase on what impression the potential lawsuit may have on DJ Envy and his enterprise relationships. Regardless of his present dissociation from the Pina fraud case, the result may have an effect on his popularity.
