*DJ Envy is speaking out about allegations that he scammed real estate investors out of millions.
We reported previously that Anthony Barone and Anthony Martini are taking legal action against DJ Envy and his partners, Cesar and Jennifer Pina, accusing them of fraud. The lawsuit claims the trio took off with $1.5 million in investments for a planned 50-unit apartment project called Taylor Apartments.
Cesar allegedly partnered with DJ Envy in 2018 and created real estate seminars for people looking to break into the industry. According to Barone and Martin, they invested in two real estate ventures promoted by DJ Envy and the Piñas. However, the suit alleges they disappeared with the money without following up on the project.
DJ Envy denies taking the money and ghosting the investors. He claims he is also a victim of a similar scam with Piñas in a separate project involving his own personal investment of $500,000, Moguldom reports.
On Wednesday (Oct. 11), Envy addressed the matter on The Breakfast Club and reiterated that he was also a victim of Pina’s illicit business dealings.
“Listen, so Ceasar and myself did seminars,” the Queens native explained, Vibe reports. “Now the reason I did these seminars is because I wanted to uplift my community. I wanted to teach my community about real estate, things that I didn’t know when I was first buying my first home. I wanted to teach our community about investing in generational wealth.”
DJ Envy made clear that he would never take advantage of the public.
“I do understand how people feel if they gave him money because I gave him a lot of money,” he said.
“I didn’t see a dollar of return. For anyone to say that I was involved, that’s totally not true,” Envy continued. “I would never, I been on radio for close to 30 years, and never in my 30 years time did I do nothing but try to uplift people in different ways with a business mind. I would never take a dollar from somebody.”
Watch Envy’s full statement via the YouTube clip above.
READ MORE: DJ Envy Denies Scamming Investors in Real Estate Fraud Lawsuit
