This is MC Hammer All over again
Posted by Media Outrage on November 14th, 2008
Dame Dash has fronted for a long time now but it’s just time for him to admit that he’s experiencing some real financial woes and needs his name placed on that government BAILOUT list. SMH.
Via Nydailynews:
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.”
A Manhattan judge this week ordered the city to seize Dash’s Chevrolet Tahoe, since he wasn’t making the $714.99 monthly payment on the leased SUV.
That October suit came on the heels of one in August, when Eastern Savings Bank foreclosed on the $7.3 million mortgage for two trendy Tribeca condos where the monthly $78,504.26 bill went unpaid for months.
Dash faces an outstanding $2.1 million tab with the New York State Department of Taxation and Finance, a $4,500 bill from the state for not paying workers’ comp and a suit that says he stiffed the law firm that handled his child-custody case.
Dash even got dumped by another firm representing him in a $3.5 million suit against accountant-to-the-stars Barry Klarberg, who is accused of bungling his tax returns, costing him millions.
“The suit is meritorious and we wish him well with it,” said Harry Lipman of Rottenberg Lipman Rich.
Dash’s descent into an MC Hammer-like financial abyss is a far cry from 2006, when he boasted about his butler and chef in New York magazine and said he was worth “about $50 million.”
Dash, 37, did not respond to interview requests. Spokeswoman Amanda Silverman said in e-mails Dash “won all of his lawsuits.”
The record proves otherwise.
Court records show Dash settled two suits accusing him of not paying rent on two Manhattan offices, as well as suits charging he owed big bucks to fashion designer Charlotte Ronson, the fashion firm Showroom Seven and a security company that guards celebs.
“Quite simply, he got behind on his payments and it was necessary to go after him legally,” said Mike Zimet, whose Bronx security firm sued Dash in 2005 over an $86,547 tab. “If you do the work, you want to get paid for it.”
Mediaoutrage- Dame you had a good run but now it might be time for you to put in an app or two at somebody’s damn job cause it sounds like he and your neighborhood janitor are worth about the same amount of stacks, which is negative ASS. We just hope his wife doesn’t up and bounce. Then again who are we fooling, she’s probably on the phone with Shiester, Shooster, and Robabitch right now getting them divorce papers in order. Alimony? Nah lost cause.
November 14th, 2008 at 8:27 pm
Man Dame Dummy, Should have tasken all those Rose’ and Kris bottles to the recycling plant and got some spare change…Thats karma, he was always bullying and talking to people crazy and now look as this fuckwipe….
Better start Diddy dancing in videos and get that paper right again because when the IRS comes they will make you give up that ass and you will be eating peanut butter sandwiches and chewing gum for desert!
[Reply]
November 14th, 2008 at 8:29 pm
It’s crazy to see this guy fall like this.
[Reply]
November 14th, 2008 at 8:30 pm
This is Roy Jones without boxing gloves. What a collapse lol. He better put his pride aside and get in contact with hov and see if he can get a private loan or his reputation and life is F-U-C-K-E-D
[Reply]
November 14th, 2008 at 8:31 pm
who needs enemies when you got friends such gay-z and crooked @ss lawyers & accountants.
[Reply]
November 14th, 2008 at 8:56 pm
Sell some shoes and stop drinkin. I hope you did’nt piss on anyone on the way up cause coming by them on the way down is a bitch in motion
[Reply]
November 14th, 2008 at 9:38 pm
The sad part about it is, Jay much less anyone else he’s stepped on to make it to the top will bail his ass out. At least Ed McMahon had someone help him keep his house. Karma’s a bitch Dame, you reap what you sow. Crash & burn baby, crash and burn.
[Reply]
November 14th, 2008 at 9:51 pm
Who was that that asked about where his wife was these days….?
[Reply]
November 14th, 2008 at 10:12 pm
Thats what his dumb ass gets for listening to cam. why are none of the “dipshits” helping him?
[Reply]
November 14th, 2008 at 10:47 pm
I have such sympathy for this man…
My firm belief is that he never recovered from Alihya’s tragic death…
It’s been up hill…down hill…up hill..down hill for him, since then.
[Reply]
November 14th, 2008 at 11:56 pm
This idiot has always been a raging asshole. He stepped on people, talked crazy to people and always ran around talking about how much “cake” he had. I guess he had one hell of a sweet tooth, cause he ate all his cake. Or maybe he had a bunch of billy goats maybe that’s what ate all his paper. He claimed to be this and that, a driving force behind the Rocafella empire but it seems like this dude was a bunch of hot air. Everyone has moved on and moved up, but it looks like he pushed the down button on the elevator.
[Reply]
November 15th, 2008 at 12:02 am
NOOOOOOOOOOOOO Rocksee i dont believe you went soft on me.
Girl he was way over Lihya when he got married.
I simply feel like he treated people like crap forgot where he came from and made new friends
who he thought was his friends and we all know what that does.
It keeps or mind off of reality and business. All he was thinking about was fun sun and nuts.
That goes back to the true saying MONEY cant Buy me LOVE because he was unhappy with what he thought was happiness.
[Reply]
November 15th, 2008 at 12:46 am
Giggle…
Yes, Cupcake…Rocksee does have a heart…lol.
Ehh…his wife was the rebound chick…tough for him, because rebound girls don’t like “broke”.
You think he was over Lih? I dunno sis…I think his grief was a manifestation of guilt he could never come to terms with…subsequently he cracked. He wasn’t a very good boyfirend.
Who da’ hell gonna pay $714.00 for a lease vehicle…? A Chevy at that!! That sounds like something broke, common people do, that are perpetrating to keep up with them Joneses…
This whole thing was destined to blow…I’m glad I didn’t go out with him.
[Reply]
November 15th, 2008 at 12:46 am
@2020 –
So nice to have you back…I missed you love.
[Reply]
November 15th, 2008 at 3:07 am
@ Rocksee: Nice to be back Babes!!
[Reply]
November 15th, 2008 at 11:52 am
Damn! I never though it would come to this. I thought the ROC would be forever. Remember 2000, 2001. I guess nothing good lasts forever.
“I’d give $100,000.00 to see Jay wit Dame Dash”
[Reply]
November 16th, 2008 at 10:58 am
Where does all that money go????DAMN
[Reply]
November 16th, 2008 at 8:37 pm
Wow!! SMH
[Reply]
November 18th, 2008 at 5:05 pm
[...] We’re guessing that watching your pockets bleed like a gun shot wound victim can motivate you to do some real childish stuff. Dag and we were thinking that maybe Jay would pass [...]
November 18th, 2008 at 5:12 pm
Messed up is all I have to say about this…
[Reply]
November 30th, 2008 at 11:57 pm
[...] video.) We just hope that while Dame and Jim were entertaining Nymag, the Repo man wasn’t jacking some more of Dame’s sh*t. Possibly related posts: (automatically generated)Juanita Bynum’s Indepth [...]
December 8th, 2008 at 9:41 pm
[...] As we’ve said before, the economy is damaging everybody. One of Fantasia’s cribs in Charlotte NC is in foreclosure and about to be ganked if she doesn’t come up with some loot. Now would be the time to go on a little mini tour and get them stacks up. To peep the crib that’s about to be someone else’s crib click here. Somewhere Dame Dash is thinking “don’t worry about it girl, join the club they bout to take all my sh*t too.” [...]
June 25th, 2010 at 8:54 pm
Depend others inside!
[Reply]
September 6th, 2010 at 4:59 am
Mesothelioma cancers are the cancers that spread within the mesothelium tissues. Mesothelium normally is the identify of tissue that forms lining of different body organs such as heart, lungs, stomach and reproductive organs. The lining around belly organs is named peritoneal membrane. Lining round lungs is called pleural membrane whereas the liner round coronary heart is named pericardium.
[Reply]
February 23rd, 2012 at 7:52 am
your furnace’s operating system, which includes the…
filter, motor housing, belts and pulleys. squirrel cage blowers are extra essential to clean, as their openings tend to become more frequently clogged with dirt. the blower can be accessed by first removing the front furnace cover and then sliding out…
February 29th, 2012 at 11:22 am
an electric stove will help you to…
be able to sear and sautã© with the best of them. it is easy to see why television channels like food network are so popular. there are talented chefs churning out delicious dishes all day long. watching these programs can make…
February 29th, 2012 at 1:21 pm
Mesothelioma is a medical condition that is caused by inhaling excess Asbestos, a human carcinogen that can lead to serious health issues in a persona and might stay for the rest of his or her life. It is a condition where inflammation of lungs causing you to cough throughout the night this leading to blood in your coughs eventually.
[Reply]
February 29th, 2012 at 3:37 pm
have tried multiple programs and can advice…
you on which ones work.look for testimonials! testimonials show people who have gone through the program and come out on top. it shows that if you put in the time and effort you can be like those before and after pictures….
March 1st, 2012 at 3:39 am
the east coastline. often the best surfing…
conditions can be found on the north coast close to las palmas.local surf guides will be able to predict the best beaches for your visit based on storm tracking, swell angle, wave height and strength, local wind conditions and the weather….
April 2nd, 2012 at 11:09 am
Hello, you used to write great, but the last few posts have been kinda boring… I miss your great writings. Past few posts are just a little out of track! come on!
[Reply]