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MONEY WOES CONTINUE FOR DAMON DASH: Lawyers, lenders and landlords reportedly after the one-time mogul.

(November 18, 2008)
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       *The New York Daily News is reporting that Damon Dash continues to be hampered by severe money problems and is currently "under assault in Manhattan Supreme Court from lawyers, lenders and landlords fed up with not getting paid."      

       The co-founder of Roc-A-Fella Records and Rocawear fashion line - who in 2005 sold his share in the clothing empire to Jay-Z for $20 million – "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," the paper reported.       

       A Manhattan judge last week ordered the city to seize Dash's leased Chevrolet Tahoe because he wasn't making the $714.99 monthly payment. In August, Eastern Savings Bank foreclosed on the $7.3 million mortgage for his two trendy Tribeca condos where the monthly $78,504.26 bill went unpaid for months.       

       Dash also 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 Daily News was told by Dash's spokesperson that the ex-tycoon was not in financial straits because he "won all of his lawsuits."      

       However, the newspaper found court records that show Dash settled two suits accusing him of not paying rent on two Manhattan offices, as well as suits charging that he owed money to fashion designer Charlotte Ronson, the fashion firm Showroom Seven, and a security company that guards celebrities.

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Damon Wayans
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