Final month, The Breakfast Membership co-host DJ Envy and actual property traders Cesar and Jennifer Pina have been sued by Anthony Barone and Anthony Martini, who claimed they defrauded them out of $1.5 million over two actual property ventures, the Taylor Firm and Flip 2 Dao, neither of which have been ever developed in keeping with Hip Hop DX. Barone and Martini claimed Envy and the Pinas took their cash however the initiatives by no means occurred.
“Envy was additionally accused of buying a sequence of properties in Paterson, New Jersey, undervaluing them, after which fixing-and-flipping them or renting them out,” Hip-Hop DX reported. “Barone and Martini claimed that the trio used the funds to assist their extravagant existence and/or to repay different traders.”
However in keeping with courtroom paperwork obtained by The Shade Room, Envy is pushing again on the claims filed in opposition to him and saying that he too was a sufferer of the Pinas’ alleged fraudulent dealings and that he was by no means an worker or consultant for Taylor Firm or Flip 2 Dao.
Actually, Envy claims that he additionally misplaced cash coping with Cesar and Jennifer to the tune of $500,000, which he mentioned he was scammed out of whereas working with the couple on a separate challenge. Envy mentioned he was promised a return on his preliminary funding inside one 12 months together with a month-to-month dividend of about $17,000, however, so far, he mentioned he hasn’t obtained a dime. Now, he’s asking the courtroom to dismiss the case with prejudice.
From the Shade Room:
He goes on to say that he believes the plaintiffs deliberately included him within the lawsuit solely to take advantage of the truth that he’s a well known particular person and to sensationalize the case.
The paperwork additionally embody textual content messages between Anthony Barone and DJ Envy the place Barone opened up in regards to the points he was having with the Pinas. Envy believes that Barone was reaching out to see if he may get hold of extra data concerning Cesar and his spouse, however Envy defined that he was not concerned with the Pina’s with respect to the Taylor Flats Venture and Flip 2 Dao.
Cesar corroborated Envy’s story, agreeing that The Breakfast Membership co-host is just not, and by no means was, a member of Flip 2 Dao. He went on to say that Anthony Barone, his spouse, and himself are the one members of Flip 2 Dao, nevertheless, Flip 2 Dao could have included Mr. Casey’s identify in a sure flip deck discussing the enterprise, a transfer that was executed with out his data and consent.
Envy, his co-defendants and the plaintiffs are due again in courtroom on September 8.
Watch out who you do enterprise with, people!
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