When The Checks Stop Coming In

Posted on November 14th, 2008 - By Bossip Staff

Categories: Damon Dash, Jay-Z, News, When The Checks Stop Coming In

Posted by Bossip Staff

Although Bossip exclusively chopped it up with Damon Dash late last year and he denied rumors that his checks stopped coming in, sh*t has reportedly hit the fan:

A bank wants his Tribeca condos, the city is seizing his SUV and his lawyer dropped him for not paying his legal bills. 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.

Ever since the Camel break-up, the checks have not been coming in for poor little Dame. It may be about time to get a “regular” job again, and quit playing rap mogul with no rappers.

Pop the hood and get a gander at broke @ss Dame with a jumpoff, Valeisha Butterfield, and his daughter Ava, at the Jim Jones bufoonery.

Source

  • Baby girl

    Im so not interested in this topic yawn* second or third!

  • Joey Bishop

    dupri

  • BOOYAH

    Hello.

  • BOOYAH

    How does one put up an avi on this website?

  • BG

    this dude is a sucka

  • Sawyer

    Talk about falling on hard times. I guess when it rains it pours for you brother. The question I have is how is it possible to have been in the position you were in and make no connections or have any business savvy to make moves without Jay z?! Give me 20 million and watch me triple that in less than 2 years.

    Forget a regular job, go back to school!

  • BOOYAH

    This is a shame really.

  • PURPPLE

    Jay-Z nor Dame have been hot since the fall of the rock

  • circa-81

    Damn…Dame must’ve had some terrible spending habits. Before Jay and Dame parted way’s Damon Dash had the front page of the art’s section of the Washington Post because of his 500,000,000 dollars of revenue that Rocafella made in like ’02 or 03′ the year before they sold the company. My dates are most likely off a bit though. But, still 500,000,000.00 and now you don’t have sh!t!!???? WOW!

  • G Money

    PURPPLE must be on crack! Jay Z not HOT! Whateva!

  • roe ski love

    How in the hell do you have $20 million and be broke withen 5 years. Remember his show So you want to be a hustler? Well, he lost.

  • Obama Woman

    Damon is a mess, and an eyesore

  • BOOYAH

    Can anyone direct me to my profile or how to put up an avatar? Are we allowed to post site links on here?

  • Jaydah & Chase’s mom

    If I can recall, Dame and Jay started to fall apart when he put Cam’ron as President or something at Roc a fella without consulting with him first and he did it when Jay was on vacation. Also, I read that Jay really cut ties with Dame and from the response was hurt when he did that video with Cam’rom with Jay Jay, I can’t remember the name.

    I guess Dame didn’t make Jigga – Jigga made him.

  • PURPPLE

    G Money your mothers on crack..thats my opinion..keep it movin…

  • BOOYAH

    @Hih Life

    Thanks for the reply. I know how to make an avatar/gravatar. I was wondering how does one put it up on this site? Is there a profile link to add our information?

  • Chok lick Chip Brutha

    I luv chocolate bruthas. Damon How u doin! Call me 210-519-1984.

  • Really Required

    That is Valeisha Butterfield from WEEN, is that really his jumpoff?

  • billygordon

    LOST ONE!!!! JAY SAID IT

  • Its6amHoGetOut

    Dame aint broke, he just aint payin’ anybody so it looks like he’s broke in the eyes of the courts. All those lawsuits I’d do the same thing.

  • SimplePleasures

    If I’m not mistaken, I once read that his wife is a very wealthy and successful clothes designer.

  • !C@LL!TL!K3!S33!T

    Damn he do look like Jermaine Dupri!!! But oh how the mighty have fallen! God don’t like ugly.

  • Dakota Brown

    If you didn’t know how to manage money before you become rich/wealthy, you don’t after. Oprah checks her own money. Don’t pay anyone to manage your own $$$$, an hour a day is all it takes.

  • Monie

    What the heck did Aaliyah see in this idiot?!

  • MissBlaze43

    Yes, yes… I was read about this on the train coming in to work this morning.

    But ya’ll know how it go, Pay back is a Biatch!

    After watching how the Wu Tang special on BET last night and seeying how Dame Dash signed ODB to a contract straight out of jail and not giving the brother no time to heal and get his mind and body back right again, you can see the desperation in Damon Dash then.

    That was a down-low, gutter move I think on Dame’s part and what goes around, comes right back around to you and he’s catchin’ hell for it right now from all over.

    I see why Jay-Z wanted to distance himself from Dame. Damon Dash obviously wasn’t the ‘thinker’ of the duo.

  • Somer

    I knew Dam was stupid when Jay threw 20mil at him just to get lost. He was never the brains of business. I will never forget what Superhead wrote about him in her first book. She said they were on the the Big Pimping video set at 9am when this clown came out his trailer pissy drunk & just pasted out on the ground. Jay-z then did a sign with his hand & that’s when someone just came & picked Dam up & removed him from the set. I kind of figured he was not a business man. Just a fool enjoying the perks of a temporary ride that is almost over. His next move will be a tell all.

  • Nubian_Goddess is back from Venus

    He hasn’t been hot since the late 90′s, early 00′s. It’s time for him to get a regular 9-5 like everyone else in corporate America and get out of the game. Sucks to be him!

  • Wonton

    That’s the same jumpoff that The Game was supposed to be marrying until he found out she was jumping off with half the industry and a few football players before him. I guess she found another bank account….but it looks like the wrong one….

  • Chanel Shades

    Broke is the new rich. F-it. We are all losing money, let’s not clown him for this. It is going on all around the world. It is not funny and his mans and them should pay his car note at the very least.

  • Wonton

    That’s the same jump off (Valiesha Butterfield) that The Game was supposed to be marrying until he found out she was jumping off with half the industry and a few football players before him. I guess she found another bank account….but it looks like the wrong one….

  • 2cute4u

    How did Jayz buy roca wear from dd for $20 million, and then sell to Iconix 2 years later for $200 million? Someone got ripped off

  • MissBlaze43

    @ 2cute4u

    Because Jay-Z was the one who had the BRAINS to think of ways to make money DOWN THE ROAD!! Like, you can’t be a kid forever, dude.

    ***NOTE TO THE YOUNGIN’S:

    THIS is what separates the men from the boys. Jay-Z was smart enough to cut this looser Dam loose, lest Jay-Z would have been dragged down with Damon Dash if he’d stayed in business with him.

    What happened to them young boys he used to run with… the one who wore the pink all the time, Cam? Where them fools at.

    Ha Ha… even Jewelz Santanna got the hell out their camp.

    In actuallity this is a really bad way to go down…

    I’m just sayin’

  • MissBlaze43

    I’m doing a scrapbook for my grandson… and sorry, Dam, but I’m going to have to put you on the pages that follow after O.J. Simpson:

    BLACK MEN WHO MADE MONEY, THEN LOST IT DUE TO THEIR OWN STUPIDITY!!!

    Tsk tsk… shame on it all.

  • MissBlaze43

    I’m doing a scrapbook for my grandson, and sorry, Dam, but I’m going to have to cut today’s NY Daily News story out on you and enter it after O.J. Simpson’s story.

    YOUNG BLACK MEN WHO BECAME RICH – THEN LOST IT ALL ON THEIR OWN STUPIDITY!!!

    Tsk tsk… shame on it all.

  • chaka1

    A lot of Hip Hop stars from 1990-2007 will be broke soon.

  • eveinthegarden

    The curse of Mammon. A fool and his money…

  • Its6amHoGetOut

    @ Chaka

    Alot are broke, look at “Cribs” $4 million houses for a big greasy lipped, fake gold front wearin’ tatted up, saggy drawals deep south n*gga who aint even went gold?

  • Its6amHoGetOut

    @ Chaka

    Alot are broke, look at “Cribs” $4 million houses for a big greasy lipped, fake gold front wearin’ tatted up, saggy drawals deep south n*gga who aint even went gold? All that sh*t is rented for the day, MTV aint into doing “property search” records.

  • Seek the light beyond the shadows

    I don’t wish ill fortune on no one but, this dude would brag and boast, now look at him. I care about the 170,000 refuges in Africa right now. A 3rd of them children separated from there family. The lil girl she’s only four wonders around with no one to take care of her. All she has is the cloths on her back; will she escape rape starvation and disease, even death? May Gods Kingdom come so that he can save the righteous.

  • kigali (Female Condoms cost $2.50 and are Reuseable!!) No Excuses!!

    I always figured he was an idiot. When he said he never wore a pair of shoes twice, I was so done after that.

  • Its6amHoGetOut

    Poppin’ bottles aint all its cracked up to be, I just got my Visa bill from vegas (sh*t was just 9 days ago) that $375 coulda fed 5 families this Holiday season………

    See even 6am makes mistakes, not many though!

  • Seek the light beyond the shadows

    I don’t wish ill fortune on no one but, this dude would brag and boast, now look at him. I care about the 170,000 refuges in Africa right now. A 3rd of them children separated from there family. The lil girl she’s only four wanders around with no one to take care of her crying for her mother. All she has is the cloths on her back; will she escape rape starvation and disease, even death? May Gods Kingdom come so that he can save the righteous.

  • Smartie

    There’s no reason to expose that child to all that coonin’ & bufoonin’ that went on.

  • I GOT IT LIKE THAT

    mufuccas sayin they made Hov .. made Hov say, ok so make another HOV

  • black entrepreneur

    he’s playing broke

  • Its6amHoGetOut

    @ I got it like that,

    One bottle of Grey Goose Vodka- $375 at “peotry” nightclub inside the forum shops at Caesars palace.

    Dinner at 9nine steakhouse inside The Palms hotel was $232 with tip (sh*t was good, though not as good as Mastro’s in Bev hills.

  • you

    so much hate for a guy you people never met…….

  • Its6amHoGetOut

    @ Black Entreprenuer,

    Of course he’s playing broke.

  • Lisa

    That’s what happens when you lie, cheat and steal, foul comes back to you. He was always the follower never the leader…you can take the negro out the hood but you can’t take the hood out the negro…

  • Redd Tony aka Earth Sign “When everybody thinks alike, nobody is really thinking”

    I dont believe he is broke…

  • Redd Tony aka Earth Sign “When everybody thinks alike, nobody is really thinking”

    I dont believe it one bit that he is broke…

  • Lady Shady

    recession sucks…

  • I GOT IT LIKE THAT

    6am

    if you’re going to spend money on vodka you should be ordering jewel of russia and if you’re really going to be serious about it Kauffman

  • MissBlaze43

    @ Booyah

    No problem. Nice Gravatar… I likes

  • ll

    I’ve know he was broke for a while. He had a house here in Malibu that was foreclosed on a while ago. Before that is was for sale forever. It was a pretty nice house on 5 acres. Now it’s just sitting rotting surrounded by a wall of dry brush (total fire waiting to happen). I can’t even see the house anymore.

    This guy is an idiot.

  • MissBlaze43

    Oh-oh… and about his wife being rich / wealthy, here are STATS on what he SETTLED:

    Dash agreed to pay $145,000 to 25 West 39th Street Holdings which accused him of OWING $650,000

    Designer, Charlotte RONSON (yes, sister to Samantha who is dating Lindsey Lohan) Dash owes HER $337,000 – but was settled

    Him AND wifey were sued for $148,500, but was settled

    So, in essence, he has paid some of these debts off, BUT IT AIN’T NEARLY ENOUGH.

    Come up off that dough, Dash, ’cause the TAX MAN – they NEVER go away….

  • Seek the light beyond the shadows

    This is how you know for a FACT Dame is as broke as Stevie is blind.

    Some bills need to get paid every month they never change, such as mortgage, phone and PG& E if you have a car that would include you car payment.

    Now Dash isn’t paying his monthly set bills. Which leads most of us to believe that Dame’s checks have made a Dash for the border.

  • Razzell Dazzell

    He deserves everything that’s coming to him. He is evil and most be destroyed. I don’t like this character.

  • memchee

    I’m not surprised. If you never learn how to count your money…….how it’s coming in, and what it’s going out to……you’re gonna be broke.

    Then they invest in stupid, fabulous stuff.

    When I make it, no one will ever know I have it! I’d be the most modest person in my area.

  • Playlist

    What a fool

  • Tiray

    It always amazes me now Blacks (ni##a’s)Hate their own….(i.e.–revel in another blacks fall!)

    Hate on Ni##a’s…your days are indeed numbered!

    hahahahahhaha

    think

  • Tiray

    It always amazes me now Blacks (ni##a’s)Hate their own….(i.e.–revel in another blacks fall!)

    Hate on Ni##a’s…your days are indeed numbered!

  • Tiray

    It always amazes me how blacks hate their own!(i.e.–revel in the downfall of other blacks…

    Keep it up…..blackie’s! your days are indeed numbered!

  • kevin

    Isn’t damon the FUBU guy!!! Wow soo not cool

  • http://deleted claroliza

    first of all, I will never get over how some posters on this site will always call any negative comment as bringing down the “black race.” it’s sad that many can’t still see themselves as individuals who can have INDEPENDENT opinions that have nothing to

    do with their particular ethnic group. everything has to br brought back to race.

    second of all, please use this opportunity to educate youself about personal and business management. it’s silly to judge this guy, but then not take a look at your own financial situation and asses it.

    damon dash may be good at making money, but not at managing it or making it grow. those are three separate skills: acuqiting money, keeping/managing it and making it grow.

    i couldn’t care less for Jay-Z, but this goes to show jay-z does have some real sense when it comes to money. they borth started together and look how each is ending up…

  • Sasha’s First Born!

    I remember when this nucca was so damn cocky and he thought he had it all…….. now look @ his ass… he ASSED OUT!!!!

  • BKLYNZ OWN

    IS IT DAME DADDY DAME DIDDY OR DAME DUMBY OH I GET IT YOUR BIGGY AND HE’S PUFFY-NAS..EITHER

  • The Roc

    Are you serious this dude leased a Tahoe? He should have been able to buy that with cash. Hard times homie. Hard times.

  • The Roc

    Are you serious? He couldn’t even afford the lease on a Tahoe? A lease? Dag Dame. Talk about a fall from grace.

  • foekist

    this really makes me laugh. this is the same dude who once said that he doesn’t buy cars, that’s corny, I now only buy planes. While we were all struggling….

    and anyway, if he didnt say that i am glad to see this happen, coz he is a asshole

  • Candid Canuck

    Dame needs to stop frontin…..

  • mya rich

    You should have given Jay his masters man. Oh well

  • mya rich

    Um.. i said You should have given Jay his masters man. Oh well

  • Toni Montana

    20 mil get burned thru real quick when you throw away undergarments after being worn once instead of washing them (referring to his cribs episode, not that i believe that isht)

    I still dont think hes Broke. he seems like a pretty smart dude business-wise. So what he lost a couple condos and a car or two, N#@@as need to stop livin in EXCESS anyway.

    Baby girl is beautiful. Got them good Genes like her cuzin Stacy.

  • BG

    who tha hell pays 715/month for a fukin Tahoe??? can you say FOOLISH!

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