November 14, 2008. MediaTakeOut.com has been reporting for weeks that mogul Damon Dash was in serious financial trouble. Now, according to the NY Daily News - he's practically penniless!!!
Here's how they're reporting it:
A bank wants his Tribeca condos, the city is seizing his SUV and his lawyer dropped him for not paying his legal bills.
It's not easy being Damon Dash, has-been hip-hop mogul.
The co-founder of Roc-A-Fella Records and Rocawear - who in 2005 sold his share in the clothing empire to Jay-Z for $20 million - is under assault in Manhattan Supreme Court from lawyers, lenders and landlords fed up with not getting paid.
The fall has been a dizzying one for Dash, who has gone from owning Keds, a vodka company and 1,300 pairs of shoes to dodging bills and accusing a former accountant of ripping him off for millions of dollars.
"I've worked with musicians, artists and entertainers that in the eyes of the media are very wealthy," said lawyer Jason Gabbard, who represented a fashion firm that settled a suit against Dash and his wife over $148,505 in unpaid fees. "But to borrow a phrase from my Kentucky homeland, they haven't got a pot to p--- in - they're broke."
We actually kinda feel sorry for dude...
No comments:
Post a Comment