Dame Dash faces mounting financial pressures as more assets are poised for auction to address outstanding debts. Last month, a federal auction in Manhattan saw Dash’s one-third ownership stake in Roc-A-Fella Records sell for $1 million. While significant, the sum fell short of resolving his extensive financial obligations. The sale was prompted by a series of judgments against Dash, including an $823,284.71 award to filmmaker Josh Webber and Muddy Water Pictures.
The lawsuit stemmed from claims of unpaid debts and Dash’s alleged attempt to seize control of the film Dear Frank. The proceeds of the Roc-A-Fella sale were swiftly divided among creditors. New York City received $193,877.57 to cover Dash’s overdue child support payments, while $1,702,626.34 was directed to his substantial state tax debt, which exceeds $8 million. Despite these allocations, Webber and Muddy Water Pictures remain unpaid, along with other creditors, including photographer Monique Bunn and writer Edwyna Brooks.
Read more:Dame Dash Calls John Legend Out For Rejecting Roc-A-Fella Deal
Dame Dash Hit With More Lawsuit, Property On Auction Block
Court filings reveal that Dash’s financial troubles could soon deepen. His Poppington LLC business and copyrights to several films he produced may also face the auction block. Among the works at risk are We Went to… China, Welcome to Blackroc, and Honor Up. These projects form a core part of Poppington LLC and air on Dash’s America Nu television network.
The legal and financial fallout underscores the complexities of Dame Dash’s situation. As creditors vie for a share of limited funds, those with higher-priority claims, such as New York State, are likely to receive precedence. Meanwhile, Dame Dash’s future as a media entrepreneur hangs in the balance, with pivotal works from his catalog potentially slipping away to resolve his debts. The Roc-A-Fella Record’s sale marked a symbolic moment in the music mogul’s financial decline. It appears to be just the beginning of his arduous journey to settle his obligations.
Read more:Dame Dash Reveals How Jay-Z Allegedly Prevented Joe Budden From Dropping A Roc-A-Fella Album
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