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New Jersey real estate investor and social media influencer, Cesar Humberto Pina, has been charged with a multi-million-dollar Ponzi-like scheme, conspiracy to launder drug proceeds, and bribery of a local politician. Federal prosecutors announced the charges against Pina, 47, also known as "Flipping NJ," who faces up to over 70 years in prison if convicted.

    Pina is accused of partnering with radio talk show host DJ Envy to conduct real estate seminars across the country, building a significant social media following through self-promotion and marketing. He allegedly accepted investments from individual investors for property purchases and remodels, promising returns as high as 30% within four to five months.

    However, Pina is accused of misappropriating investor funds, using new money to pay off prior investors in a Ponzi-like scheme and spending on unauthorized business and personal expenses. The investigation has revealed that he defrauded dozens of investors out of millions of dollars.

    Pina also allegedly conspired to launder illicit funds from the sale of controlled substances for individuals involved in criminal activities. He is accused of laundering money in front of an undercover officer during a sting operation and bribing a local official in Paterson, New Jersey, with cash and other incentives in exchange for assistance on real estate projects.

    U.S. Attorney Alina Habba described Pina's alleged crimes as a "multi-year torrent of criminal activity" that hurt investors, facilitated narcotics trafficking, and undermined confidence in public officials.