Some time ago the phrase “Surviving DJ Envy” went viral after a report surfaced online alleging that DJ Envy and his business partner Flipping NJ scammed investors for millions of dollars in their real estate seminars and deals. The report claimed that many of the victims were black people who trusted the duo because of their celebrity status, and their promises of financial freedom.
The report also alleged that some of the investors have lost their life savings, their homes, and their credit scores due to the scam. With an official investigation now underway, and national news outlets reporting on the situation, an old video of Joe Budden telling DJ Envy he would go to jail for the alleged real estate Ponzi scheme, is now going viral.
More Details About DJ Envy and Flipping NJ Allegedly Scamming African-Americans Out Millions of Dollars with a Real Estate Scam
According to the allegations in the reports, DJ Envy and Flipping NJ, whose real name is Cesar Pina, have been running a series of real estate seminars across the country, charging attendees up to $2000 for a ticket. The seminars are advertised as a way to learn how to flip houses and make money in real estate from the experts. However, the report alleges that the seminars are nothing but a sales pitch for more expensive mentorship programs and deals that are either fraudulent or overpriced.
The report cites several testimonies from former investors who claim that they were lured into signing contracts with DJ Envy and Flipping NJ without proper due diligence or legal advice. Some of them claim that they were pressured into buying properties that were not worth the price, had hidden liens or damages, or were already sold to someone else.
Others claim that they never received any guidance or support from the mentors, and were left to deal with contractors, lenders, and legal issues on their own. Some of them also claim that they were threatened or harassed by DJ Envy and Flipping NJ when they tried to get out of the contracts or ask for refunds.
The report also reveals that DJ Envy and Flipping NJ have been sued multiple times by investors who allege breach of contract, fraud, negligence, and racketeering. Some of the lawsuits are still pending, while others have been settled out of court. The report questions how DJ Envy and Flipping NJ have been able to continue their operations despite the legal troubles and the negative reviews online.
Take a look at some posts from Tony “The Closer” Robinson about this controversial situation, way before national news outlets started covering the story.
The Video of Joe Budden Telling DJ Envy He Would Go to Jail on Charges for Real Investment Scam
In the hip-hop world, Joe Budden is seen as one of the most wise and knowledgeable figures. The way he articulates himself, can make even the most simple advice seem much deeper than it really is. Old footage shows that Joe Budden predicted that DJ Envy would face charges related to his alleged Real Estate investment Ponzi scheme scam.
In the video DJ Envy said, “Joe Budden told me I was going to go to jail, because it’s a Ponzi Scheme”, as he was talking about how successful his real estate business allegedly was at the time. Take a listen.
When the reports first broke, naturally there was massive backlash on social media, where many users have expressed their outrage and disappointment at DJ Envy and Flipping NJ. Some users have also shared their own experiences or stories of being scammed by the duo.
It’s ironic that DJ Envy is possibly facing jailtime, after Joe Budden told him he would many years ago.
