new york state

The State Of New York Finally Takes Dame Dash’s Roc-A-Fella Shares Off His Hands

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Dame Dash has been trying for a while to sell his one-third share of Jay-Z’s Roc-A-Fella Records, and it seems like he’s finally on the other side of that hurdle. Moreover, according to the New York Post, the state government of New York purchased it for $1 million at a federal auction in Manhattan on Thursday (November 14). This is so the state can mitigate the record executive’s back taxes debt of $8.7 million, and an anonymous Albany representative emerged with the winning bid with hopes to flip it into a cash heavy solution to these monetary problems. However, it’s unclear how or when the state of New York will flip this purchase through a sale.

For those unaware, the government of New York City previously criticized Jay-Z for how he handled these Dame Dash shares and their sale. “Jay-Z has issued widely publicized statements warning potential bidders that copyright ownership will revert back to him in 2031,” NYC attorney Gerald E. Singleton wrote in a letter. “Those statements are false and extremely damaging to the City’s interests in ensuring that the auction will generate sufficient funds to satisfy all existing child support arrearages and secure future child support payments. […] The auction should be conducted in a manner that will bring the highest price for the benefit of affected judgment creditors.”

Read More: Dame Dash Calls Kanye West His “Brother” Amidst Ye’s Assault Lawsuit

Dame Dash’s Roc-A-Fella Shares Auctioned Off To The State Of New York

As for Dame Dash’s situation, he also wanted to sell his Roc-A-Fella shares to pay off a judgement against him stemming from a lawsuit involving film producer Josh Webber. Maybe this will start to close this chapter, but he still has a lot of other narratives to handle. For example, Dame is currently in a back-and-forth Internet beef with 50 Cent, and we all know how ruthless and relentless he can be with his trolling.

Nevertheless, it seems like this battle concerning Dame Dash’s one-third share in Roc-A-Fella just got its first big resolution, with a final flip still on the way. It was a long road, but perhaps one that will end in a relatively solid place for everyone involved. Of course, this could all become moot within a few days, weeks, months, or years, as many legal battles have long consequences.

Read More: Dame Dash Trolls 50 Cent For Patting Cam’ron On The Butt

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The post The State Of New York Finally Takes Dame Dash’s Roc-A-Fella Shares Off His Hands appeared first on HotNewHipHop.

Will New York State Get Soft on Bail Reform?

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Will New York State Get Soft on Bail Reform?

The New York state assembly has presented language that impacts bail laws by removing the “least restrictive means” that judges use for bail.

The change is led by Gov. Kathy Hochul, opening leadership to the revisions that fall under a $227 billion budget. The language was revealed by Politico, showing the “least restrictive means” would be removed from standard judges on how to ensure a person comes to a court date.

Reps stated judges should lean more into current state law for qualifications of a bail. The final conditions decision would still rely on a judge’s indvidual analysis. Removing those would significantly impact Black, brown, and poor communities.

Hochul’s desire to remove the “least restrictive” standard reduces the access to bail for all crimes, including violent felonies, creating classes for offenses. The next step would be opening the negotiation table to accept the draft language.

The state budget is due March 31, but the entry is expected later.

To provide an actual investment into safety and protect bail options, the assembly must recognize Real community safety measures should be available to all communities. In addition, every resident should desire to be healthy and safe to thrive; those options include affordable and supportive housing, vouchers, support for all works, mental health first responders, and more.

The efforts for bail reform have shown success across the state without affecting the re-arrest rate, decreasing pre-trial incarceration, and raising court appearance rates. In addition to eliminating a legal norm from the bail law’s Civil Rights era and replacing it with nothing, the Governor’s proposal will only result in more Black, Brown, and poor individuals being imprisoned pending trial.

The proper direction would be a no to mass jailing and reducing the citizens’ options.

The post Will New York State Get Soft on Bail Reform? appeared first on The Source.

SOURCE SPORTS: New York Sports Online Betting Generates Billions And Counting Since January’s launch

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sports betting gambling

In only 30 days, New York took in $2 billion in wagers — more than any other state in the U.S.– via new legalized online sports gambling. Super Bowl weekend alone, New York sports bettors wagered $472.1 million.

New York collects 51% of the state’s sports betting revenue in taxes, and New Yo Kathy Hochul’s budget plan reportedly expects $357 million in FY2023 from the additional source. By 2026, it estimates $509 million.

“Sports betting has level the playing field for the average sports fan to make a nice living on the side.” Said Jeff Johnson of MSG Networks’ The Betting Exchange, a dynamic roundtable style show featuring co host Katie Mox and former New York Jets safety Erik Coleman.

Johnson explains some ways on how the average newbie can try his or her luck on this chance to come up in a hot new industry.

“Start with what you can afford to lose.” Said Johnson” Even if your’e not a sports fan, there are plenty of ways to get in on the action. Think betting sports props, and or do you research and learn trends and remember Las Vegas isn’t aways right.”

You can check Johnson and The Betting Exchange weeknights on the MSG Network.

The post SOURCE SPORTS: New York Sports Online Betting Generates Billions And Counting Since January’s launch appeared first on The Source.