Omar’s lawsuit, which lists Prime Platinum Investments as the plaintiff, alleges that Omar invested in real estate properties in New Jersey and Florida due to DJ Envy’s “stamp of approval.’
Latin superstar Don Omar just filed a $2 million dollar lawsuit against DJ Envy’s business partner, Cesar Pina. The singer says he invested in NJ and Florida properties because of Envy’s “ stamp of approval” pic.twitter.com/LJLOiI6I6i— Sarah Wallace (@SarahWallace4NY) November 17, 2023
According to Sarah Wallace, a reporter for NBC 4 New York, the lawsuit is seeking $2 million in damages from Pina. The suit has been filed with the Eleventh Judicial Circuit, which is located in Florida. As the Daily Beast reported, Omar alleges in the suit that he never got even a single document regarding the deal. As the suit reads, Pina never produced “a single document relevant to the acquisition, renovation, and rental of the properties.”
Prime Platinum Investments, the company Omar owns, is suing Pina alleging breach of contract, fraudulent inducement, and unjust enrichment. Omar represents just the latest party to allege that Pina stole money from him in a Ponzi scheme as several others have alleged that Pina used the endorsement of The Breakfast Club’s DJ Envy to facilitate his pilfering of investment money. Pina, according to the Daily Beast, was released from custody after posting a $1 million bond and has repeatedly denied allegations against him.
DJ Envy, who remains out of any legal trouble for now, is a constant figure in the lawsuits being filed against Pina as someone whom the individuals Pina allegedly swindled out of money trusted, so they, in turn, trusted Pina. According to the lawsuit, this pattern of accusations continues to hold.
“DJ Envy’s stamp of approval provided a legitimacy and platform that the Defendant Pina did not otherwise have,” the lawsuit said. “As a result of the constant public validation, especially through DJ Envy’s purported personal experiences and purported bulletproof blue-chip investments with the Defendant Pina, Landron’s interest peaked in seeking ‘generational wealth’ by building a real estate portfolio.”
“After several months of requesting documents, in an attempt to verify ownership and in exercise of due diligence, the Plaintiff Prime Platinum was stone-walled at every request and simply delayed,” the lawsuit claims. “Specifically, the Plaintiff Prime Platinum’s requests for any closing documents, deeds, renovation updates, marketing materials, and the like, were never complied with.”
According to NPR, Alexander Schachtel, who represents nine people claiming that Pina defrauded them, says that DJ Envy should not be let off the hook. He also noted that most of the alleged victims of Pina’s scheme are Black and Latine men, the largest demographic of The Breakfast Club’s listeners.
Schachtel told the outlet, “He (DJ Envy) needs to realize that when you hold yourself out and you tell members of the public who look up to you, who listen to your radio show, who go to seminars that you co-host with Cesar Pina, that hear you on social media, on the radio, in person, describe yourself as Cesar’s business partner and tout Cesar Pina’s real estate expertise and otherwise endorse and boost and hold yourself out to people as Cesar’s partner, that you are attaching yourself to Cesar as as a matter of law.”
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Source: Black Enterprise