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New Jersey real estate influencer and investor, Cesar Humberto Pina, also known as "Flipping NJ," has been indicted on federal charges for allegedly orchestrating a multi-million-dollar scheme that defrauded dozens of investors. The indictment alleges Pina misappropriated millions of dollars from investors, laundered money linked to narcotics trafficking, and bribed a public official.
Pina was charged with two counts of wire fraud, one count of money laundering conspiracy, two counts of money laundering, and one count of bribery. According to court documents, Pina promoted real estate investment seminars and built a significant social media following through a partnership with a celebrity DJ and influencer. He allegedly solicited millions in investor funds by promising returns of 30% or more within months.
Instead of using the money for legitimate investments, authorities said Pina commingled investor funds and used new capital to repay earlier investors, creating a classic Ponzi-like structure. The investigation alleges that Pina defrauded investors across the United States and diverted funds toward unauthorized business and personal expenses. He also laundered money as part of a sting operation and allegedly conspired with narcotics traffickers.
Pina's actions are said to have involved bribery of a public official in Paterson, New Jersey, where he offered cash and other benefits in exchange for influence over zoning approvals tied to his "Old School 5" redevelopment project. If convicted, Pina faces severe penalties, including up to 20 years in prison and fines of up to $250,000 or twice the value of the fraud.
