Damon Dash Dead Broke?

Former co-founder of Rocafella Records and Rocawear clothing line, Damon Dash, has been hit with several multi-million dollar lawsuits. The once-heralded music mogul, Keds owner, and vodka distributor faced seizers of both his trendy Tribeca condos and a Chevy Tahoe. The $7.3 million dollar condos were foreclosed by Eastern Savings Bank for a non-payment of $78,504 over the course of several months. The bleeding doesn't stop there.

Dash, 37, is also staring down a $2.1 million dollar tab from the NY State Department of Taxation and Finance, a $4,500 bill from the state for not paying workers' compensation and another lawsuit claiming he still owes a debt to the law firm that handled his child custody case.

Dash has not publicly responded to these claims, but his spokesperson Amanda Silverman claims the former-mogul "won all of his lawsuits." Court documents paint another picture. The courts show Dash settled two suits accusing him of not paying rent on two New York offices, as well as suits charging he owed large sums to fashion designer Charlotte Ronson, popular fashion firm Showroom Seven and a celebrity security guard company.

Jason Gabbard, a lawyer representing Showroom Seven, recently settled a lawsuit against Dash and his wife for over $148,505 in unpaid fees. "I've worked with musicians, artists and entertainers that in the eyes of the media are very wealthy," Gabbard said. "But to borrow a phrase from my Kentucky homeland, they haven't got a pot to p--- in - they're broke."
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January 24 2009 at 2:48 PM Report abuse rate up rate down Reply
Vin

Matt Damon ?...?!
NIGGA please!

That man's grandfather "OWNED Dash's grandpappy, ya bitch ass nigga
'
Puh-LEASE

HOLLA at ya 973 bitches

November 19 2008 at 5:22 AM Report abuse rate up rate down Reply
Vin

Was good in "State Property" though.

Maybe I'll buy a niggas (in his vernacular-NOT MINE!) $5 dvd and bail him out...

Holla bitches

November 19 2008 at 5:17 AM Report abuse rate up rate down Reply
Vin

He was on MTV "Cribs". This blowhard where swore he never wore the same white tee shirt more than once-one stain, sweat and intrash it went. (showed a drawer full of un-opened, pkgd. tees ready to go!)

Also ended segment w/ bitches in a hot tub!

All I can say "WHERE'S DEM BITCHES NOW!"

HOLLA

November 19 2008 at 5:14 AM Report abuse rate up rate down Reply
kingdarientha1st

man wen i watched him on MTV cribs he took of a t-shirt and threw it away cuz he sed he never wears them agin i was like man thats a waste of money...bet he wish he kept those t-shirts now lol i know it was comin ne time now i was jus thinkin man i wonder how damon dash is gettin around...well i know now

November 19 2008 at 2:05 AM Report abuse rate up rate down Reply
Dora

Damn! I was hoping it was Matt Damon that was going broke.
Matt Damon the ear-picking fool.

November 18 2008 at 8:33 PM Report abuse rate up rate down Reply
danielleneville

Ummm Maybe Jay will give him a lone?

November 18 2008 at 8:15 PM Report abuse rate up rate down Reply
OmegaJedi X

What's the deal with relating what's going on with Dame Dash to the bailout? The bailout was intiatied by this administration and not President Elect Obama. Why at many turns that a African American is involved it is used to bring Obama into the mix? Feel the hate that sseps from yourselves. Go to sites that debate about the qualities of Obama instead of using any black person as a means to show your dislikes. All black people do not think alike or have the same situation. Please see yourselves before you look and others with blurred vison.

November 18 2008 at 7:57 PM Report abuse rate up rate down Reply
Michelle

I could see this coming from that episode of Cribs when he was on there showing off with about 100 white girls in a hot tub, maybe they can help him pay some of his debt because I'm sure he helped pay some of theirs. By the way Stacy Dash is his sister not his cousin.

November 18 2008 at 7:49 PM Report abuse rate up rate down Reply
Pablo

WELL LOOK AT THIS YOUNG MAN AT 37 YEAR OLD WHAT! GO BLAME ON CLINTON AND O'BAMA MY FRIEND WILL GET WORST TO COME THOSE BLACK STUG.

November 18 2008 at 7:31 PM Report abuse rate up rate down Reply
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