Who Is Cesar Humberto Pina? 'Flipping NJ' Influencer Faces Federal Fraud Fees

[ad_1] By Gabe Whisnant is a Breaking Information Editor at Newsweek based mostly in North Carolina. Previous to becoming a member of Newsweek in 2023, he directed every day publications in North and South Carolina. As an govt editor, Gabe led award-winning protection of Charleston church shooter Dylan Roof's seize in 2015, together with protection of the Alex Murdaugh double homicide trial. He's a graduate of the College of North Carolina-Wilmington. You will get in contact with Gabe by emailing g.whisnant@newsweek.com. Discover him on Twitter @GabeWhisnant.

Gabe Whisnant Breaking Information Editor

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✖ A federal grand jury has indicted New Jersey actual property investor and social media persona Cesar Humberto Pina, also called "Flipping NJ," for his alleged involvement in a wide-ranging monetary crime scheme, U.S. Lawyer Alina Habba introduced Thursday.

The 47-year-old Franklin Lakes, New Jersey, resident faces prices together with two counts of wire fraud, one depend of conspiracy to launder drug proceeds, two counts of cash laundering, and one depend of bribery tied to federally funded applications. The indictment accuses Pina of operating a multimillion-dollar Ponzi-style funding fraud, laundering funds he believed to be drug proceeds as a part of a sting operation and making an attempt to bribe a New Jersey official. His preliminary court docket look and arraignment have but to be scheduled.

"Cesar Pina is alleged to have misappropriated thousands and thousands of {dollars} of peoples' hard-earned cash, laundered cash for narcotics traffickers, and bribed a politician in furtherance of actual property initiatives. This multi-year torrent of prison exercise harm traders round america, facilitated the scourge of narcotics trafficking, and undermined confidence in our public officers. The U.S. Lawyer's Workplace is dedicated to working with our regulation enforcement companions to root out all these illicit actions that threaten our communities."

Pina has cultivated a big social media presence to advertise his actual property ventures. His Instagram profile, additionally underneath the deal with @flipping_nj, has a attain of roughly 287,000 followers. Past social media, Pina expanded his affect by co-hosting actual property seminars throughout america alongside DJ Envy, a well known radio persona.