DJ Akademiks reacts to Spencer Cornelia’s documentary on DJ Envy & Cesar Piña alleged Ponzi Scheme!
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- Опубліковано 29 вер 2024
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DJ Akademiks
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thanks for featuring my video. this story is wild and hearing the victims lose millions is heartbreaking
It’s crazy I just watched this! This morning to exact and now coming across AK covering it. It’s crazy cuz I know of Nitt and I live in Paterson not knowing DJ Envy and this Peña guy was out here with that shyt😮.. all them properties I go by everyday 🤦🏾♀️ and the sad part I’ve been wanting to attend one of them classes because I wanted a side hustle
You the GOAT Spencer, never stop ✊🏿
Nice work Spencer. 👊🏾
Some great content spencer
I’m about to watch that doc right now
Through all of this Charlemagne never invested he knew something about Caesar was fishy
💯
Yeah when Cesar said he had $50 million in property he had to ask him to repeat the amount.
There all scammers
Lenard(CTG) kept his money in his pocket. He might be a god. But he ain’t stupid.
@@hereef1 what that last line even mean
I think Pina wasn’t ready to handle that volume. Got in over his head, and started Maddoff’ing.
Hes been in prison for scamming, before
exactly
@@blist14ant for drugs I believe.
@@Bo55edup yes. That’s how the justice system works. Even if it was intentional, his chances of success was low and he will be in prison or owe ppl money. The system works.
@@CurtJunya For financial crimes
There’s a special place in hell for people like Cesar & Dj Envy.
Million Dollars Worth of Game definitely be having dem scammer.
I don’t understand how these people with this kind of money would be giving more money to this guy after he doesn’t answer your calls and misses deadlines
DJ envy definitely was getting a cut from some of these deals Czar was doing ....bro y'all was in a office together Envy gone has to fully snitch😮
Envy always finds a way to flex on you while giving "game". I hope he ends up in prison. His lifestyle too flashy it just gives off scam vibes.
He was probably legit at one point but then when the deals started drying up, instead of taking a L, he started scamming.
Everything is all good during a bull market but the scams come to light during a bear market.
Never was legit
Noop Tony the closer proved the houses were never bought or sold years ago, but Cesar claimed he still had the properties it was a scam from the start.
@@draggoon9121no, he actually had bought some of the houses. Spencer literally proved it in the video you just watched
@@nomanejane5766 yes and sold them but told people they where still available, and asked them to invest in them again.
@@nomanejane5766no, Spencer specifically raised the discrepancies he repeatedly discovered in the addresses provided in the law suit indicating they were never purchased in the first place, not to mention at the very end of this video, the news reporter clearly states that the vast majority of the properties he received investment for were never originally purchased.
Facts good shit ak for speaking up
3.5 million of their own money yet he said he had no money 😂
Envy was getting paid off those seminars and I’m sure he was getting pc off those deals. Cesar is gonna snitch 😂😂😂
I wanna see DJ envy cry 😢 when being sentenced why idk but my spirit needs to see it 😂😂
Anybody promising 35% in five months is going to take your money to Argentina.
🦋I absolutely refuse to believe that the people started calling DE, telling him that CP owe them 💵, right when TTC was onto them 🤦🏾♀️🦋
Obviously DJ Envy has poor judgement of character he trusted dude 100%.. Now he's screwed.
“Ceasers so smart he uses other ppl money “ - she envy
We can point the finger at Envy for giving him a platform but don’t forget that Peña admitted in that breakfast club interview that he served time. Once I hear that, you’ll never see one cent of my money.
The look on Akademiks face watching all this says it all! 😮
Why didnt he call out fresh and fit as well?
He the definition of “Robbing Peter to Pay Paul”
The money givers feel stupid and now they want to claim scam. Who gives so much money away without checking out the person.
I don't think they intended to scam but dude playing with millions of dollars wanting to live a big lifestyle. He was in over his head. Now they looking crazy.
Lol @ Ak not realizing Envy was the trust component. Mfs ain’t know Big Pun, but they knew Envy was on radio and was successful.
People tried to tell him the guy was a scammer and he didn’t care. He probably knew because he dismissed it publicly without doing his homework while associating himself and platforming him. Ignorance is not an excuse
He was milking the he'll out of that Paul guy 🤦🏿♂️🤷🏿♂️
When ak was on it and started giving advice lmao “ tell on him man “ 😂
🗣️🗣️ BIG AK!! LOVE your take on thissituation, like I love an abundance of your takes!! Thanks for the superb take brother 🤌🏿👌🏿💯💯💯!! Know you gotta forever fan🫡🫡💯!!
One guy did the fishing while the other guy handled the financial operations of the scheme. Envy definitely knew lmao
Wolf of Patterson!!!😂😂😂😂😂
Envy is a conservative, thanks for exposing the well known truth
No DJ ENVY! No! You’re going to lose it all… This is an old script this isn’t a unique and new idea it’s called a ‘PONZI SCHEME…’
😂😂😂😂 COME ON AK… DJ ENVY is going to get indicted… FACTS!
Notice his coworkers didn’t get involved
It’s funny, @KingAkademiks says if you’re an entertainment channel and you give real estate/financial advice that gives off scam vibes. However, he hasn’t said Anything about Fresh & Fit doing that for years, and they also are guys with No financial or real estate background or Any credentials.
When money cross state lines it’s automatically federal!!!
All they had to do is ask to speak to other investors before giving him money, he doesn't even come off smart, so many red flags 🤣 how you'll believed he was the real estate guru. Envy probably didn't know but is still guilty by association 😊
Never get involved in Investing with Rappers or Entertainers.
The Wolf of the Breakfast Club 😂 Cesar Piña sounds like a scammer villain boss
There’s no way he didn’t know!
Same property on each client? Woah
Nasty work
Dont make excuses for him Ak, be honest. Hes not that db dumb. He knew the whole time.
Envy has had his hand in this from the very start.People are horrible!!!
Dj envy bout to get donkey of the day 😂
The shame is they coulda finnished the properties. Stupid to just take the cash. They coulda rebuilt Patterson. Partner wit city and get rebatesetc. But no. They did nothing on it. Allegedly.
I need $ to fix my credit who can I scam? Lol
Dj envy was a part of it no one is going to seminars with 5k10k and not noticing anything fishy
Hey Ak don’t Walter Weekes and Fit promote some of these same issues? You’ve been on their show.
38:24
The thing is dj envy will still get ppl wanting to go on his platform. Smh. 🤦🏾♂️
They all need to be locked up
this is Delete YOU money, how is he still walking around
4:55 they ain't the only ones, music is not much better. Glad you never pump crypto.
I couldn't be a scammer because I have a conscious. That shit low-key worse than selling drugs. Like the lady who got assaulted. You got to be a grimey slimey mf to take her shit. And she was pregnant
If cesar really was making that much off of any flips he could get hard money loans and not have to pay any investors out lol
I’ve always thought DJ Envy was shady.
I'm witchy Ak on this position your taking. Why support em then say I didn't know.
Now you don’t him like that lmao
Thank You AK for Speaking Out on this!!!! All platforms must be held accountable for promoting SCAMMERS!
Been rockin with you and the lead attorney since you had a couple thousand followers.
Much respect for your integrity and holding people accountable in the community.
so many more examples like you brothers are needed badly! Hopefully you and ak can collab some time in the future
@@leifa888facts. They are the last of a dying breed
You the 🐐🐐🐐
So when he going to speak on Steve WillDoIt ?
BIG JT
DJ Envy is the son of a retired NYPD detective….he promoted a two time felon on his platform. He really can’t claim ignorance on this one.
Make no mistake, this is the American dream. Spending what you don't have to buy things you dont need to impress people that don't give a fuck about you.
🎯🎯🎯Facts on facts 💯
That's the American way!!
Well said.
-Fight Club.
Well said
BARS!!! 🔥🔥🔥
ENVY YOU GOING TO JAIL , TYRESE WILL HOLD DOWN WIFE AND KIDS TILL YOU GET OUT , THAT'S WHAT FRIENDS ARE FOR 🥺
They are truly under investigation. The feds investigate EVERYBODY when they are building a case. Envy, his wife, Cena's wife. Phone records, bank accounts, purchases gifts etc.... They take long but they almost always win. So yeah Tyrese probably will have to lend that shoulder again...
Lol you wrong that 😂😂😂
Lmao
Yea she gon need all the comfort she can get lol
@@dondiva531 DAMN , WHAT'S YOUR COMFORT LEVEL 👀
Tony the closer ain’t a snitch, a snitch is someone who does dirt and tells don’t put a target on his back like that, he exposed a scam and saved other people from losing money, if anything he’s a hero in a way
Tony supposed to be envy friend. if you my boy better look the other way and mind you business homie
Anything “street” that goes to the internet is literally no longer the streets. Don’t pay attention to these basement dwellers . They only experience of the streets is from the internet so all they see is the ugly parts like fake niggas and snitches because the real ones don’t play the internet and have no interest they got real street credit that get them paid so no one ever hear they side. Unfortunately a lot of fake niggas chose to get paid through fame therefore making people believe they real . This why everyone call everybody snitchin they think they understand because they got the fame from goofy famous celebrities. No point in arguing.
@@Switzerlandboy420that shit cool when it's bullshit on the street with two people involved. what happen when everybody turn scammer and large portions of our community get our money took from being gullible.
can't just be cool with bogus niggas.
u won't be held accountable legally but morally u knew what was up
@Switzerlandboy420 he literally met envy 2x and told envy tht to his face. Thats not his boy. Cut it out
He’s a whistle blower, not a snitch. Snitching implies he’s also in on the scam, and is saving himself by telling
Ak is crazy if he thinks envy made no money from that scam lol. Why else would he have Cesar on the breakfast club like 6 times.. Envy was definitely getting kick backs on all those deals. Envy was not doing all the promotion for nothing. Let’s be real. The credit dude who he also promoted paid him over $500k so Cesar def paid more
you right, ak tryna safe envy a lilttle
@@pennyproud1621 looking out for your friend May get you one or 2 interviews but not 6 along with a bunch of commercials and co-signs. No way. Plus they weren’t friends.. they met a few years ago in regards to real estate. Even if the business was legit they both knew Cesar was getting his clients from breakfast club so no way envy would let him eat off of him nonstop for free when he is charging other people a lot of money for less promotion
How you know the credit dude paid?
@@nomanejane5766 he did an interview with Tony the closer and he said it. Look it up it is on UA-cam and he is also suing envy as well for the money back and damages
He said he had made money with Cesar on money he gave him deals with before. Cesar definitely paid him to endorse the business. None of that’s foul play. I don’t think Envy is money hungry enough to knowingly be in on a scam when he’s a very public brand and literally has to speak publicly for a living. That’s too easy to trace back to him. I think Cesar simply kept a money pot and pulled a Bernie Madoff, that’s easy to do if you’ve done a couple of good deals with your most notable investors and then just scam the lesser known ones.
Envy promoted this scam on the radio for years, he should be fired and iheartradio also needs to be held accountable for allowing this bullshit
I hope iHeart pay everyone back
He should be fired ASAP!!!!
@@bendedstraw4294 Iheart is $3 stock, they aint paying no one :-)
@@bendedstraw4294what’s going to happen is all these civil lawsuits gonna add up. Caeser don’t got the money to pay back the victims , esp if he files bankruptcy all the scams was tied up in LLCs. Then all the victims can file a class action against iheartmedia. When that happens they gonna fire Envy lol
The same way Angela Yee brought that fraud on that was trying to sell ppl houses
They both are going to be indicted. Once they get Cesar’s communications and financial records they’re going to tie Envy into the entire scheme.
Envy definitely made millions off the scam. Majority of the victims were connected to cesar thru envy and I’m sure he got a piece of all
The money coming in
@@yoninja9164 it’s about the conspiracy. If they can prove he knew what was going on and actively aided in or conspired to keep it going, he’s just as guilty in the eyes of the law.
@@yoninja9164 there is no way envy had them on breakfast club over 5 times, did all those commercials, co-signed for them etc etc etc for no money. He is even caught on tape saying he made Cesar. So when the follow the money they will see envy profited off the scam. He may not go to jail but he will have to pay back all he made and then some
Yes. Envy is going down
@@gtsound12🦋Right! Because no hustler is doing anything "just on the strength of" being someone's partner.🦋
If you think Envy wasn’t getting kickbacks from Cesar , you’re delusional.
Right. He constantly used the word "we" and "us". He used his celebrity status and platform to lure in potential "investors". Who turned out to be victims in the end.
Envy was promoting and soliciting clients for seminars. And used his own social media platforms to get victims into seats at these costly seminars. And that would be Envy's role at a bare minimum. And of course he was paid by Cesar for those services rendered. Envy was in on the whole scheme from the start. This is going to play out like a movie. There will be an episode of Greed. And possibly a movie in the near future, I bet.
He say he lost 500,000 but how much did he make with this partnership? We know he didn’t do it for free.
Facts
Why Nobody talking about Gillie and WALLO promoting scammers during their Interview breaks.
😮😮😮😮
That’s immediately what I thought of
Aww shit that’s a whole nother topic
One Lady got 750k in a lawsuit settlement, dude took her for a whole 600k and this is an average person not rich, just ran into some money and wanted to invest it for her kids future 😢 dude is cold AF
AF!
Anyone "running into" 600k is not average
@@EwMuva she got it as a settlement in a lawsuit she won.
He took the whole $750 from that lady.
THATS the one that really angered me. Her whole $750k settlement. That's pure evil.
Dj Envy was the face of this operation. Without dj envy nobody would have ever invested with this dude and his team. People thought everything was legit because of the breakfast club and the face which is dj envy. The Ponzi scheme can’t work without the face. Envy telling y’all he didn’t take any money but come on now if you smart you know every deal that was made envy got a cut behind the scenes. Envy thought he out smarted the world by not personally shaking hands with the people that would come in the office. He made it his business not to interact with them. That’s because he always knew that in back of his mind that if this thing goes left he can always say they never handed me any money. He only now trying to separate himself because shit done hit the fan
dj envy the type to steal from his mother if she was blind, that’s the type of guy he is. he's a very cunning, shady, turn a blind eye to lot of shady shyt behind close doors type of guy😂
@@draco2xx😂😂😂
💯🎯📠
46:58
@@AllHailKingRoset
This the type of money that would turn any right minded people into a killer, i dont know how homie could move around without the thought of getting caught at the light.
Wack said there's dudes they scammed that won't be going the legal route if you smell me.
Envy was shot at lately....who knows...
Not really.
The people he did deals with are NOT killers like that.
Best believe he chose victims that were not about that life. So they were not going to do much.
@@JT-bt6jy comprehension is a major key to life....lol
@@dretheman123 they took in alot of cash. Some of the money is from streets people . Ceasar is not safe
ENVY BACKED HIM SO ENVY IS RESPONSIBLE HE LITERALLY SET A CON ARTIST LOOSE
Ak's face for the full 51 minutes of this video: 😳😨
I was cool until I heard they scammed a woman who received funds after being sexually assaulted
😂
Shock and awe.
Lmao ong
The sad thing is that with all that money, they didn't even need to scam. They just had to play it smartly
If someone guarantees 30% returns in 6 months, red flag already.
@@jh8567if they guarantee anything you should start doing more research
@@jh8567True but if you can’t get 30% return in 6 months than you’re a sad human being
@@jh8567Less than that would cause red flags honestly
It’s simply impossible.
This is one of the reason why I love Big Akademiks he tells it like it is!!
How is this telling it like it is- he’s protecting Envy- who shouldn’t even be on the radio after this. He’s acting like it’s cool what these scammers was doing. Trying to make it a joke. When peoples livelihoods have been decapitated. Imagine if this was that pimp dude from Adam 22’s podcast would he be going so nice on him ?
For once he was almost speechless.
Pause
@cryptoscircus6880 if I get 40k views on my videos why would I need to say anything when I'm bringing light to the situation ?
Crazy how someone can give a stranger $1MM and do NO research. Didn’t know the property addresses? Didn’t visit the location? 4 “investments”?😐
People in real estate do this often , they just need money investors it’s a easy way to make a return doing absolutely nothing except borrowing them money . ( if you are working with legit people )
It's sounds like they were laundering money, nobody just keeps giving you hundreds of thousands of dollars
Having money doesn’t mean you’re smart. Being able to keep it does.
@@Mandology575 nobody just hands over that type of money without doing some type of money to someone on the streets
People do deals virtually without ever seeing the property in person. It's a common thing actually
In the past Envy has admitted on air that he was a scammer before.. I believe he was in on it only bcuz ain’t no way he was working that close with the man n didn’t know
pina was giving him a percentage on them licks😂
This a perfect example of one of my pet peeves about platforms like the breakfast club and EYL. They have good intentions in bringing on these self proclaimed “experts” but aren’t educated enough on the topics to know whether or not these people are on BS. Ultimately Cesar did the scam, but Envy has some accountability to take.
‼️‼️‼️
Facts.
Ok but I feel Like EYL actually brings on trust worthy people with reputations you can google. And they always emphasize doing your own research. I dont know about the breakfast club for investment advice, but EYL is solid from my opinion, and they are educated on the topic.
Spencer is the 1090 Jake for scammers if y’all didn’t know.
dude research is impeccable lol
@@digitaltechnologyunion4040 they all work with each other behind the scenes
Ain’t spancer cover for some cammers on UA-cam last year?
@@digitaltechnologyunion4040 but spencer did the most detailed account and added more court testimony than JT, Eli and Tony. He used their info but he complied it better
@@digitaltechnologyunion4040 I’ve been watching spencer for years dude, he’s been doing this also.
Envy scammed my dad out of 30k, Tyrese was there and he can confirm.
He scammed my dad too 😢
He got my great grandpa
Tyrese scammed Envy out of his wife.
He scammed my ex wife's girlfriend's stepsister
Nobody would give him this money if he wasn’t being backed by DJ Envy. They know Envy is a millionaire and assume he wouldn’t do bad business with someone
Scammers come in all forms...rich or poor
🎯
Lol this is the game. Get money from legit and non legit sources. Finesse some people because they cant go to the police without explaining where the money is coming from, but he messed up with legit folks. I watched pocket watching with jt, he went deep. Envy was part of the company's executive team, like on paper work. I think envy was advised to distance himself and made his money through marketing. Also, i think the money that hes owed is cover for him to protect himself. I haye niggas like this because as an immigrant and i Jamaican, they used to use radio stations to promote scams directly to Us:93.5. Pocketwatcher got the real deal.
Yessir I watched JT as well
Much needed coverage, good to see the story is hitting platforms with big subscribers and diverse audiences. Hats off to JT, Eli and Tony the closer.
What about me?
@blackslav1497 You too
@@olmecST Thanks broooo
Hearing the details of this is disgusting. However, these investors are driven by greed as well. To keep giving money with no due diligence is crazy. The lady with the settlement just giving money back to back to back had me shaking my head. Being blessed with a settlement from an unfortunate situation, and you just give it all away?
Smh that part made me cringe. Went through a traumatic experience, got paid for it, and when trying to provide a better life for her child, she gets finessed.
Almost everyone to some degree needs to get burnt at least one time to learn this lesson, hopefully it is kept to a manageable level that you can fairly quickly recover from. Learn the lesson and consider it tuition. Unfortunately many people lose such a substantial amount, it handicaps their trajectory. I am 43, spent my 20's working in investment management then changed careers and started a business in 2010 in Healthcare which I still run today. I have made many mistakes along the way, many times 3 steps forward, 2 steps back. However, I took the lesson and course corrected each time, at times I have lost a lot but overall net today I have a mid 7 figure net worth. Here are my observations
-Only 10% of the population has a high level of competency in one area to where they have an actual edge
-Only 1% has a high level of competency in two areas. Usually a business owner that makes a lot of money then spends next decade learning what to do with that money. Usually Real Estate or some other form of investing
-If you can sell people a dream that doesn't include them actually doing work and quick riches. People are lazy and many will buy into it because it is what they want to hear
-Nobody is going to care about your money than you will. You need to take an active role in understanding and learning what you are actually investing in. Never just give someone money and hope for the best. Stick to what you have an experience in and a knowledge edge
-Depending on a few variables but can take anywhere from 5-10yrs to develop that edge, you need to have experience in all market conditions to really have a full grasp on what you are doing
-One of the most important aspects of investing is managing your downside risk. You can be right for decades and have one black swan event wipe you out. Once you start building a net worth you never want to be fully invested in one outcome
-Stay the hell away from leverage. Unless you are the elite of the elite in what you are doing, you are going to get wiped out.
Right...like you could invest in futures, stocks, forex, etc and get dividends quarterly that'll pay for the rest of your life with that money. Instead, she "invested" her money into a scammer and got finessed. $750,000 is more than enough to learn how to invest properly on your own, through the help of youtube, in order to make a good living. Learning lesson for her tho.
Having money doesn't make you smart.
My question is how did Cesar think he was going to get away with this 🤦🏽♂️
Exactly!!!
The demand was higher than expected. They was blinded by the money. They couldn’t believe how much money they was taking in
he didn't, he was planning for the future. Even though its an massive amount of money, these crimes don't see much time in prison and the prison facility for scammers are so laid back. He put the properties he actually owned in his kids names.
He’s a convicted criminal, what do you expect ??
Well kinda did for over 5 years
Never fall for these quick flip get reach quick pyramid schemes
Duh. 😩
You said it perfectly AK, for Envy to use and steal from the very people who made his career and gave him the dream life style for his family to live comfortabley with no financial worries. Is appaling and absolutely despicable! 💯
Mfer comes up openly says “I’m a criminal” then asks for your money 🤨
And people gave him millions.
I will say it...ALL of them that promote the scammers should be liable for the same amount of prison time and monetary consequences..Period..Envy scammed his wife so why not everyone else? SAME exact response while caught..OOPS, i am sorry and did not mean to....Thank you Ak and Spence
That's crazy. But if it's the standard your setting, AK should face the penalty for promoting Six9ine.
That’s not even logical bruh😂😂 at that point you’re saying it’s basically illegal to make any endorsement money. YOU don’t even know all the inner workings at your workplace and corporate, you can’t expect endorsers to hold a whole investigation on a business before they accept an endorsement deal. That’s on the business to make sure they’re legit, not paid endorsers. Hell, the business could be legit and not start scamming until after they get the celebrity promotions, would you still blame the endorsers then? Of course if they KNOW it’s a scam and still promote it then yea they’re a liable party, but they’re not liable if they truly didn’t know and it’s not their job to know. They’re not operating the business, they’re just doing paid ads. That’s on the CONSUMER to do their research before they send any money through
@@eski_truv It's not logical to YOU until you have a brain installed. Let me make this REALLY simple. You are working the BC, and interviewing, on a platform that is wide open to millions of people . ANYONE or anything you endorse and stand behind, you should have done your research, to make sure the entity is legit, the person is legit, and that you are not complicit in any schemes, crimes, nor shady dealings. It's the same thing as telling you friend to use a contractor and not having any experience and documented work from them. Oh and by the way, when I was with the NYCHA in NYC, i DID have a copy of the charter, and they knew I knew my job, their job,etc,etc.
@@eski_truv So by YOUR 'logic' it's all on the consumer,not the company nor the endorsers, to make sure they are legit???Yeah, that's probably going to be the most twisted piece of garbage I will hear this month. So a 65 year old lady that is about to retire and see the world wants to get her first camera to document her journey to another country. So It's HER job to make sure she gets a reliable camera to learn on,not the salesman?You must be such an empathic gem of a human..NOT..It's the old peoples fault when they get scammed out of money? So in your little mind, there's no such thing as HONOR FIRST, INTEGRITY FIRST..Ok,tell you what,let me invest my money on your ponzi scheme and dont return my money ,and I would show you and the world what consequences are..
Envy having this guy on the FCC airwaves alone will get him indicted. Crazy
In an interview Piña said he made over 50 million. But nobody paid attention to the fact that Charlemagne ain’t invest one coin with his friend and cohost. Nobody found that strange? I did.
anyone who listens to the breakfast club deserves it lol
While watching this all I kept thinking about was that episode of the office where Michael was trying to get the office to invest in a scam, then Jim walked up to the board and outlined a pyramid lol.
@@xandermartin2118 "Don't worry about Phil, he drives a corvette" lmfaoo exactly how the scammers entice the victims too
That's the best explanation of this
@@xandermartin2118😂😂😂😂😂😂😂
what show is this
@@draco2xx The Office
Envy felt threatened after Tyrese emailed his girl a carribean property he bought
Dj envy ain't taking no accountability at all. I know that man had to be getting some of that cash
Envy is screwed lol
They worser than "The Westons" IYKYK 🤣🤣
Trap lore Ross presents Wolf of Patterson.
Envy gonna do some time.
I hope he getting prepared for anything possible.
DJ envy makes me sick with his non challant snakish snobbish vibrations and smirk on his face when responding to these allegations. He definitely on his high horse lookin down on all the people who got scammed like they beneath him.