A 47-year-old New Jersey resident was indicted by a federal grand jury for running a multimillion-dollar Ponzi-like scheme, money laundering, and bribing a politician, authorities announced Thursday.
Cesar Humberto Pina, an influencer known as Flipping NJ, is charged with two counts of wire fraud, one count of money laundering conspiracy, two counts of money laundering, and one count of bribery concerning programs receiving federal funds, U.S. Attorney Alina Habba said.
Pina paired with DJ Envy, a popular DJ to conduct real estate seminars, which led to him developing a significant following on social media, Habba said. Pina began accepting investments from individuals to purchase, remodel, and sell properties in New Jersey and elsewhere, Habba said.
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