When The Checks Stop Coming In

- By Bossip Staff

Posted by Bossip Staff

rachelroydamondash.jpg

Apparently Dame Dash’s 4 Billion Dollar Rachel Roy funds haven’t kicked in just yet:

A bank is suing Damon Dash for allegedly dashing away from his mortgage. The hip-hop mogul failed to pay Eastern Savings Bank $78,504 in monthly payments for a pair of trendy Tribeca condos from January to August, the bank claims. Now the bank is warning Dash that he’s in danger of losing his apartments in the Sugar Warehouse on Laight St. and in the Atalanta on North Moore St. unless he comes up with the cash in a hurry.

He’s also facing more than $10,000 in late fees on the $7.3 million cross-mortgage that covers both properties. “Damon Dash and [model wife] Rachel Roy have failed to comply with the terms and provisions of the said mortgage,” the suit charges. The lawsuit points out that Dash, who co-founded Roc-A-Fella Records with Jay-Z, has a long history of not paying his bills. The suit, filed in Manhattan Supreme Court, cites numerous judgments against Dash in which he was ordered to pay more than $2 million in New York state taxes, more than $100,000 in federal taxes and $95,000 in unpaid rent to the landlord of the W.39th St. building that houses Damon Dash Enterprises.

A spokeswoman for Dash did not reply to requests for comment, and a lawyer for Eastern Savings Bank declined to comment. Dash last year sued his accountant for allegedly costing him millions of dollars by filing faulty tax returns.

Damn Dame, that financial turmoil is a mfer.

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Comments

  • "I CANT MAKE YOU MY FRIEND BECAUSE, FRIENDS DEPEND ON FRIENDS, NOT SXYQ.."(sxyQblondie is wide awake..gonna be a good day)

    FZZZIRRSSTTTTT!!!

  • swoosh

    morning

  • http://www.gravatar.com/avatar/c6d0a4b38863cb26d314afcbc19ed618?s=80 NIKKI UNDERWOOD

    Things like this make me see who is about the hustle…there is a slacker in err crew…BTW…

    Good Mornin’….

  • Encyclopedia Brown

    and another boring post

  • "I CANT MAKE YOU MY FRIEND BECAUSE, FRIENDS DEPEND ON FRIENDS, NOT SXYQ.."(sxyQblondie is wide awake..gonna be a good day)

    ^^^’HAVE’ MORE

  • http://www.gravatar.com/avatar/c6d0a4b38863cb26d314afcbc19ed618?s=80 NIKKI UNDERWOOD

    swoosh….

    Tell Nelly to keep his eyes off me🙂

  • http://www.gravatar.com Re (Birthday in 10 days!)

    LOL, why are you running from your mortgage? Where do you think you’re going to hide?

  • BeReal

    WOW! I can’t believe he was hosting a show trying to tell others how to get money…got to be careful where you get advice from.

    I never liked him anyway, too cocky

    @SXYQ – Good Morning

  • http://www.gravatar.com/avatar/c6d0a4b38863cb26d314afcbc19ed618?s=80 NIKKI UNDERWOOD

    Re…

    NOT running…but dashing!! LOL!!

  • http://www.rocafella.com Jay Z

    u lost one…

  • CHRISSY

    THIS IS ONE GUY I WILL NEVER FEEL SORRY FOR. WHEN HE WAS ON TOP OF THE WORLD HE WAS A SHOW OFF, SAYING HE NEVER WEARS THE SAME TSHIRT OR SNEAKERS TWICE AND HE LOVES TO POP TAGS..

    ALL THOSE WHO GET COCKY WHEN THEY GET MONEY THE LORD WILL TAKE IT AWAY. THE BIBLE SAYS ONE MUST REMAIN HUMBLE AT ALL TIMES NO MATTER HOW MUCH MONEY YOU HAVE….

    DAME DASH WAS NOT A NICE PERSON AND I DON’T KNOW HOW RACHEL ROY CAN TAKE BACK SUCH AN ASSHOLE WHO LEFT HER FOR AALIYAH AND THEN SHE TAKES HIM BACK AFTER AALIYAH DIES….WHAT KIND OF STUPID WOMAN IS THAT.

  • CHRISSY

    AND I DID NOT LIKE THE WAY HE USE TO DISRESPECT WOMEN IN JAY Z’S VIDEO’S SPLASHING CHAMPAGNE ON THEM, LIKE A SIGN OF SPLASHING SPERM ON THEM..DAME DASH IS ONE PRICK HE AND DIDDY, TWO PRICKS.

  • "I CANT MAKE YOU MY FRIEND BECAUSE, FRIENDS DEPEND ON FRIENDS, NOT SXYQ.."(sxyQblondie is wide awake..gonna be a good day)

    GOOD MORNING BE-REAL!! HOW IS YOUR MORNING GOING?

  • BeReal

    @Nikki – What is your HR specialty?

  • http://www.gravatar.com Re (Birthday in 10 days!)

    Lol @Nikki, you’re right!

    There’s nowhere you can hide, the bank is serious about their dinero. That’s like running from the mob after they’ve placed a bounty on your body…

  • CHRISSY

    AND BEFORE HIS WIFE NEEDED HIM FOR HIS MONEY NOW THE TABLES HAVE TURNED HE NEEDS HER FOR HER MONEY….WELL WELL

  • BeReal

    My morning is going good – working from home today!

    So I can stay in my PJ’s all day if I want.

    Girl do you sleep? You must have some good vitamins because you are always happy!

  • SWEET CHEEKS((Makes the people say Yeeeaaaa))

    Good Morning Everybody!!!!

  • CHRISSY

    @SUGAR THAT’S A DIFFERENT RACHEL.

  • http://youtube.com/fifitrooper ( The Delicious♥☻) Ms. Sugar Walls

    It is hard out here now! that is why we have to vote for OBAMA! recession is hard out here..People of all colors are losing their money!

  • http://www.gravatar.com/avatar/c6d0a4b38863cb26d314afcbc19ed618?s=80 NIKKI UNDERWOOD

    BeReal…

    Girl I do errthang!! Mostly I schedule interviews and I am the contact person between the building and the maintenance venders…aka I got guns cause I troubleshoot🙂 and when there are ‘projects’ I gotta be hands on with them…like we have this United Way thing going on…I think of way to hustle money outta employees….

    Re…

    Or the IRS…if youre black…and NOT Wesley Snipes🙂

  • http://www.gravatar.com/avatar/c6d0a4b38863cb26d314afcbc19ed618?s=80 NIKKI UNDERWOOD

    IJM & SWEET CHEECKS🙂

  • BeReal

    @IJM – cause I am working from home

    Yea, I love this policy, wrote it myself

    The funny part is I had a report to complete but I finished it last night. (did not tell my boss)

    So I just have to read e-mails today.

  • http://www.gravatar.com/avatar/c6d0a4b38863cb26d314afcbc19ed618?s=80 NIKKI UNDERWOOD

    BadNewsBrown…

    Babes…why did I just find out you were male? Am I slow? 🙂

  • I'm Just Me (VOTING FOR TEAM YE '08!!!) VIRGOS STAND UP!!

    Whomp whomp to this n*gga and his cocky azz. I am still not over the conditions he left his son in.

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