Feds Remove Electronic Equipment From DJ Envy's Employer

UPDATE (Oct. 19):

DJ Envy's attorney Massimo F. D'Angelo has released the following statement to XXL in regard to a report of federal agents confiscating equipment at iHeartRadio offices.

"My understanding is that the report that federal agents visited iHeartRadio offices yesterday and removed electronic equipment in connection with the investigation and charges brought against Cesar Pina is false," the statement reads. "The complaint that was filed against Mr. Pina by DOJ in the United States District Court for the District of New Jersey was filed against Mr. Pina, personally, not my client."

The statement continues: "Per my client’s dismissal motions, which are a matter of public record, my client had nothing whatsoever to do with the specific deals concerning Pina’s alleged real estate scheme. As such, any reference to my client’s involvement in the purported scheme is solely for purposes of sensationalizing the case because of his celebrity status. In fact, my client is a victim, having also invested $500,000 in one of Mr. Pina’s real estate deals, without seeing any returns."

ORIGINAL STORY (Oct. 19):

Federal agents reportedly visited DJ Envy's place of employment, iHeartRadio, and removed electronic equipment in connection to their investigation of Envy and his business partner Cesar Pina.

DJ Envy's Business Partner Arrested, Feds Visit iHeartRadio Offices

On Wednesday (Oct. 18), the Unites States Attorney's Office announced they'd arrested Cesar Pina for his role in a multimillion-dollar real estate fraud scheme that Envy helped promote. Pina, 45, has been charged by complaint with one count of wire fraud. He pleaded not guilty and was released on a $1 million bond and electronic monitoring.

"Plain and simple, the defendant ran a fraudulent scheme. They falsely represented the nature of their business and lied about potential investment returns to bilk unsuspecting victims out of millions," said Tammy Tomlins, Special Agent in Charge of IRS – Criminal Investigation Newark Field Office. "Today’s arrest highlights IRS Criminal Investigation and our law enforcement partners’ commitment to investigate and prosecute unlawful behavior."

According to a report published by NBC 4 on Wednesday, federal officers paid a visit to the iHeartRadio officeswhere The Breakfast Club is filmed and confiscated electronic equipment as part of the investigation. Envy has not be charged in connection to the fraud and maintains his innocence.

XXL has reached out to DJ Envy's attorney, iHeartRadio and United States Attorney's Office for comment.

Is DJ Envy Involved in Cesar Pina's Real Estate Scheme?

DJ Envy and Cesar Pina have been putting on seminars to teach people how to invest in real estate for over a year. However, the government says Pina swindled investors out of millions of dollars, using Envy's celebrity to gain traction and fame. On Oct. 11, Envy addressed allegations that he was involved in illegal activity, denying he had any knowledge of Pina's ulterior motives.

"Now the reasons why I did this seminars is because I wanted to uplift my community," he said during an episode of The Breakfast Club. "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 and in generational wealth."