E-City Concrete frontman and music government/supervisor Anthony Martini has discovered himself entangled in a fancy authorized state of affairs surrounding an actual property enterprise gone awry.
Martini invested one million {dollars} in what gave the impression to be a promising condo venture in Patterson, New Jersey. Nonetheless, allegations of fraud have surfaced, implicating Cesar Piña, also referred to as “FlippingNJ,” and his spouse, in addition to DJ Envy, host of syndicated iHeartRadio present “The Breakfast Membership,” who promoted the offers.
Martini’s lawyer has filed a lawsuit, describing the funding as probably a Ponzi-like scheme, the place cash from one investor is used to repay others.
“I misplaced one million {dollars},” stated Martini in an interview with NBC 4 New York. The entire quantity invested with the Piña’s and their corporations is claimed to exceed 40 million {dollars}.
In response, DJ Envy has filed a defamation lawsuit towards TonytheCloser, an influencer and self-proclaimed actual property rip-off watchdog. Envy’s authorized crew asserts that he too is a sufferer on this state of affairs, having misplaced half one million {dollars} in an funding deal related to a vacant faculty constructing in Patterson, NJ.
The authorized proceedings surrounding this alleged actual property scheme are ongoing, with a number of lawsuits being filed day by day.
To handle the state of affairs and compensate the alleged victims, a chapter court docket trustee has been appointed to supervise a few of the properties owned by Piña. Any obtainable belongings might ultimately be offered off to supply restitution to the affected buyers.
A full report from NBC4 New York, together with an interview with Martini, is out there to observe under:
