NJ Real Estate Influencer's $17M Fraud Indictment Widens
NJ Real Estate Influencer's $17M Fraud Indictment Widens

NJ Real Estate Influencer's $17M Fraud Indictment Widens

News summary

Cesar Humberto Piña, a New Jersey real estate influencer known as 'Flipping NJ,' has been indicted on federal charges including wire fraud, money laundering, conspiracy, and bribery, after allegedly running a $17 million Ponzi-like house flipping scheme. Prosecutors allege Piña promised investors returns of up to 45% in under five months, using new investors' funds to pay earlier participants and spending much of the money on personal expenses. The indictment also accuses him of conspiring to launder drug proceeds and bribing a Paterson public official for zoning approvals tied to a real estate project. His wife, Jennifer Iturralde Piña, is charged with destroying evidence by concealing her cellphone from federal investigators. Radio host DJ Envy (RaaShaun Casey), who partnered with Piña in real estate seminars, faces civil lawsuits but no criminal charges. Authorities emphasize that Piña’s social media prominence enabled the fraud, which affected dozens of investors across the country.

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