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Dame Dash’s Past Debts & Judgements Lead Assets To Auction Block

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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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Dame Dash Calls John Legend Out For Rejecting Roc-A-Fella Deal

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Dame Dash has a lot to get off of his chest as an embattled former cofounder of Roc-A-Fella, and a lot of this relates to current events. For example, he’s spoke on the heavy allegations against Jay-Z, their current business disputes in the legal space, and how he sees his overall legacy as part of the Roc. However, a lot of Dame’s comments are also very reflective, and we got a pretty interesting example of that during his latest interview with The Art Of Dialogue. The topic of Roc label deals came up, as they took a walk down memory lane of many artists who almost signed to the label before it fizzled out. Furthermore, it turns out that he might have particular smoke for John Legend in this regard.

“John Legend was supposed to be Roc-A-Fella,” Dame Dash remarked on The Art Of Dialogue. “I toured John Legend. I would have never took John Legend on the road with Kanye and paid for him to go around the world to sing before Kanye sang unless I thought that he was going to sign to Roc-A-Fella. But he did some sneaky s**t and went to Sony.”

Read More: Top 40 Hottest Hip-Hop Albums Of 2024

Dame Dash On John Legend

For those unaware, after this rejection of Dame Dash and company’s Roc-A-Fella, John Legend went on to work with one of the group’s biggest exports: Kanye West. The singer signed to Ye’s G.O.O.D. Music label – in fact, he was the very first signee. Following six studio albums via the imprint, he ended up parting ways with the Chicago artist due to their differing political views and the many antics that the Yeezy mogul wrapped himself up in.

Beyond John Legend, though, Dame Dash has many other stories like this concerning Roc-A-Fella artists. During this interview with The Art Of Dialogue, he also claimed that Jay-Z prevented Joe Budden from putting an album out via Roc-A-Fella. As for why, the executive alleged that Hov sought to distance himself from the game ever since Reasonable Doubt, and wanted to maintain his grip from a distance while pushing others away from the main spot. This is all alleged at the end of the day, though, as we all know how the Roc fell in a similar blaze to what helped it rise.

Read More: Top 50 Hottest Hip-Hop Songs Of 2024

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Dame Dash Reveals How Jay-Z Allegedly Prevented Joe Budden From Dropping A Roc-A-Fella Album

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Dame Dash says Joe Budden was supposed to release an album on Roc-A-Fella, but Jay-Z refused to facilitate the deal. He discussed the situation during a new interview with The Art of Dialogue, amid his long-standing feud with his former business partner.

“He [Jay] didn’t want no parts of that sh*t,” Dame said of why an album never came to fruition. When asked what Jay’s issue with Budden was, Dame responded: “What was his issue with everybody bro? He always had an issue. I don’t know. Jay was retiring since Reasonable Doubt. He wanted to get the f*ck away from us since Reasonable Doubt… It was always a problem with anything that kinda like had the potential to be another anchor for us where we didn’t have to depend on him. He didn’t want none of that.”

Read More: How Hip-Hop Culture “Revived” Itself & Declared War On Its Leaders In 2024

Dame Dash Poses With Jay-Z At The 40/40 Club

Damon Dash and Jay-Z during The Launch of Jay Z’s 40/40 Club – Inside Party at 40/40 Sports Bar in New York City, New York, United States. (Photo by Johnny Nunez/WireImage)

From there, Dame revealed that he thought he lined up John Legend to sign with Roc-A-Fella, but that fell through as well. Fans on social media have been having mixed feelings about Dame’s comments. On X (formerly Twitter), one user wrote: “People should take lessons instead of hating! Dame wanted a bigger label with more artists and Jay Z simply wanted his own label for him and his crew. They had different ambitions and different goals Dame needs to stop crying about it this happens in business every day!” Others doubted the validity of the story and complained about how frequently Dame discusses Jay-Z.

Dame Dash Speaks On Jay-Z & Joe Budden

Elsewhere in the interview, Dame claimed that Jay “tricked”  Beanie Sigel and “f*cked his life up.” Check out Dame’s full thoughts on Joe Budden and Jay-Z below.

Read More: Ice Cube Opens Up About His New Album “Man Down,” Legacy, And The Future Of West Coast Hip-Hop

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Dame Dash Elaborates On Drake’s Alleged Roc-A-Fella Bid

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Dame Dash is once again claiming that Drake offered him $6 million for his Roc-A-Fella shares but “disappeared” at the last second. Speaking about the sale with Cam Capone News for an interview published on Thursday, Dame brought up how people backed out of their initial bids and chalked it up to “monkey business.”

“Yeah, he [Drake] DM’d me,” Dame confirmed once again. “Then he just went missing. I don’t know what the purpose of that was. I’m curious myself. A lot of people reach out and then they disappear and I just always think there was some monkey business happening behind the scenes. But again, I don’t feel like dealing with all of that. It’s too weird for me.”

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

Drake Performs With JAY-Z At Yankee Stadium

NEW YORK – SEPTEMBER 13: (Exclusive Coverage) Jay-Z and Drake perform at Yankee Stadium on September 13, 2010 in New York, New York. (Photo by Kevin Mazur/WireImage)

It’s far from the first time Dame has mentioned Drake putting in an offer for his stake in Roc-A-Fella. Speaking about the sale on his America Nu Network YouTube page, last month, Dame said: “People did not show up. Drake did put a bid in for $6 million but then he disappeared. It’s in my DM… I don’t know what happened. But other than that, no serious people. No one wanted that sh—t. Period.”

Dame Dash Discusses The Sale Of “Reasonable Doubt”

The state of New York ended up taking Dame’s shares in Roc-A-Fella for $1 million in an effort to recoup $8 million in back taxes that the music industry mogul owes. During the latest interview, Dame said he was at least happy that the money would help to cover his child support and thus help his children. “I looked at it like at least I could get some money out of it,” he said. “At least my kids will get some money out of it.” Check out Dame Dash’s latest comments on the sale of Reasonable Doubt below.

Read More: Jay-Z Files Notice About Future “Reasonable Doubt” Rights Before Dame Dash Auction

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Drake Allegedly Offered Dame Dash $6 Million For His Roc-A-Fella Share But Backed Out

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Dame Dash claims that Drake offered him $6 million to take ownership of his stake in Roc-A-Fella Records, which includes rights to JAY-Z’s iconic album, Reasonable Doubt. Despite the alleged offer, Dame says Drake eventually backed out on the deal, which he describes as revealing of JAY-Z’s true legacy. “I thought that more people would be interested in buying it because of the art value of it. And that’s the only thing I was selling,” Dame said on America Nu Network. “Because of how everyone portrays that they love this dude, if they really loved him like that, I thought some collector like the Wu-Tang thing. Wu-Tang is loved. People really value them a certain way… There was no love.”

“Drake put in a bid for $6 million, but then he disappeared,” he went on to reveal. “I don’t know what happened.” As Dame’s claim circulated on social media, fans shared their own explanations as to why the shares didn’t go for more. “Or maybe he told everybody back off so it could be sold for cheap so you would still be scrambling to pay off the immense debt you’re still in. Just a thought,” one user on X (formerly Twitter) wrote. Another added: “Nobody dropping 10m and only have the rights for 7 years.. album is trash anyways.”

Read More: Drake Previews New Music At His 38th Birthday Bash: Watch

Drake Performs With JAY-Z In New York City

NEW YORK – SEPTEMBER 13: (Exclusive Coverage) Jay-Z and Drake perform at Yankee Stadium on September 13, 2010 in New York, New York. (Photo by Kevin Mazur/WireImage)

It’s not the first time Dame Dash has mentioned Drake having an interest in his shares of Roc-A-Fella. Back in September, he referenced the offer while discussing the Toronto rapper’s feud with Kendrick Lamar on America Nu Network. “Drake hollered at me through a DM and made and offer. I’m not quite sure what happened. But I thought that he had got with Jay on something, but I don’t know,” he said at the time.

Dame Dash Claims Drake Offered $6 Million For His Roc-A-Fella Share

Dame’s latest comments come after the New York state government purchased the shares for $1 million at auction in an attempt to recover $8.7 million the co-founder allegedly owes in back taxes. Check out Dame Dash’s full comments about the sale of his Roc-A-Fella stake below.

https://twitter.com/ArtOfDialogue_/status/1858556593534538176

Read More: Drake Reportedly Laughed The First Time He Heard This “Not Like Us” Bar

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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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Dame Dash Roc-A-Fella Auction To Move Forward Despite Jay-Z Allegedly “Poisoning It”

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Earlier this week, Judge Robert Lehrburger denied New York City’s motion to stay the auction of Dame Dash’s Roc-A-Fella stake. According to court docs obtained by AllHipHop, Lehrburger’s decision means that the question of whether or not Jay-Z will be able to terminate the label’s Reasonable Doubt copyright will not be answered ahead of the auction.

“Intervenor NYCDSS’s motion to stay the auction for purposes of having this court determine the validity of the copyright termination notice filed by Shawn Carter a/k/a Jay-Z in connection with the work Reasonable Doubt, an asset owned by [Roc-A-Fella], is denied,” the judge said. “The asset that is the subject of the auction is Dash’s one-third interest in RAF itself, not the work owned by RAF. The court does not presently have jurisdiction over the validity of Carter’s copyright termination notice.”

Read More: Dame Dash Wonders Why JAY-Z Hasn’t Spoken Up Against Diddy Amid “Freak Off” Rumors

Judge Denies Motion To Stay Dame Dash Auction

The ruling comes after Gerald Singleton, attorney for the city, accused Jay-Z of having “poisoned the environment for the auction.” Jay-Z’s lawyer, Alex Spiro, later argued that it wasn’t the right time to work out Jay-Z’s rights to the album. “Put simply,” he explained. “This is not the appropriate time, forum, or case to litigate any issues relating to Jay-Z’s notice of termination.” Spiro also added that there was “no merit to NYC’s accusations.”

Judge Lehrburger additionally denied NYC’s motion to compel discovery of Roc-A-Fella before the Dame Dash auction. “The only subpoena directed to RAF of which the Court is aware is the one served by NYCDSS in state administrative proceedings,” he wrote. “No discovery subpoena has been served by intervenors in the instant action, nor should there be.” What do you think of a judge denying New York City’s request to stay Dame Dash’s Roc-A-Fella auction? Share your thoughts in the comments section down below and keep an eye on HNHH for more updates.

Read More: Dame Dash Calls Out Diddy For His “Disturbing” Allegations

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Dame Dash Wonders Why JAY-Z Hasn’t Spoken Up Against Diddy Amid “Freak Off” Rumors

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Despite feuding with JAY-Z over the sale of his shares in Roc-A-Fella, Dame Dash says the legendary rapper is still a “pillar of hip-hop” and doesn’t want anything bad to happen to him. The topic arose for Dame while speaking with America Nu about the allegations surrounding Diddy. Dame says he wants to know why JAY hasn’t spoken out about the situation.

“Watching what’s going on with Puff, it doesn’t feel good,” Dame began. “I don’t want to see someone… die or be tortured. I’m not going to celebrate the pain of anybody, any human being, even if they deserve it. The things that they’re saying… they’re terrible. It’s hard for me to even think that any of those things can be true. I don’t want them to be true. They’re saying they’re going to pick him up next year. I don’t want to see that man go to jail.”

Read More: Dame Dash Calls Out Diddy For His “Disturbing” Allegations

Dame Dash & JAY-Z Pose Together During Fashion Week

Jay-Z and Damon Dash during Mercedes-Benz Fashion Week Spring 2004 – Baby Phat – Backstage at Gertrude Tent, Bryant Park in New York City, New York, United States. (Photo by Johnny Nunez/WireImage)

From there, Dame discussed the hypothetical idea of JAY-Z getting roped up into the allegations. “As much as he’s been to me unfair toward, or not unfair, the way he’d be f*cking with my money, I want to hope that that’s the worst that he’s been doing,” Dame said. “I would never want to hear like, ‘Jay at the freak off party’, that’s crazy. The sh*t they saying, and I just be wondering why nobody… he don’t say nothing about it.” He added: “It would be such another big blow for Hip-Hop, regardless of what, perception-wise, Jay is also a pillar of Hip-Hop, and if anything bad happens to him, then it’s really going to look crazy for Hip-Hop. Jay’s supposed to be my son’s godfather. How does he do that to Boogie’s godson’s father?”

Dame Dash Speaks On Diddy & JAY-Z

Check out Dame’s full comments on Diddy and JAY-Z below. They come after authorities in New York arrested Diddy, earlier this month, on charges of sex trafficking and racketeering. He’s already pleaded not guilty to the crimes. Be on the lookout for further updates on Dame Dash on HotNewHipHop.

 
 
 
 
 
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Read More: Dame Dash Addresses Viral Picture Of Him & Aaliyah At A Diddy Party

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JAY-Z’s Handling Of Dame Dash’s Roc-A-Fella Sale Slammed As “Extremely Damaging” By NYC Lawyers

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JAY-Z is facing legal backlash from The City of New York through its Department of Social Services for his handling of Dame Dash’s attempt to sell off his stake in Roc-A-Fella. Gerald E. Singleton, an attorney for The City, has requested a pre-motion conference and stay of the auction sale. The move comes after JAY’s bombshell claim that copyright ownership of Reasonable Doubt will revert back to him in 2031 regardless of who buys Dame’s shares.

“JAY-Z has issued widely publicized statements warning potential bidders that copyright ownership will revert back to him in 2031,” Singleton wrote in a letter to Judge Robert W. Lehrburger, as caught by AllHipHop. “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.” Additionally, lawyers for Roc-A-Fella are allegedly withholding critical royalty information, for which Singleton said The City will likely file motions for turnover orders against the company. “The auction should be conducted in a manner that will bring the highest price for the benefit of affected judgment creditors,” Singleton added.

Read More: Dame Dash Trolls JAY-Z Over His “Deep” Pockets Amid Roc-A-Fella Records Drama

JAY-Z & Dame Dash During The Launch Of The 40/40 Club

Damon Dash and Jay-Z during The Launch of Jay Z’s 40/40 Club – Inside Party at 40/40 Sports Bar in New York City, New York, United States. (Photo by Johnny Nunez/WireImage)

Dame weighed in on the latest update on Instagram on Sunday night, denying the validity of JAY-Z’s recent claims. “The State of NY has stepped in and filed the following to the courts… Jay-Z’s statements to the press have poisoned the environment for the auction,” he began. “He has claimed that he has a termination right under the Copyright Act and that the rights to Reasonable Doubt will revert to him in six years. In fact, he has no such termination right and RAF is entitled to the renewal term, which is now 67 years,meaning it will own the copyright rights until the year 2098. In other words, the highest possible auction price could be more than ten times higher than is likely now, given Jay-Z’s and RAF actions. RAF is complicit by its inaction in pushing back against such false statements.”

Dame Dash Calls Out JAY-Z

Dame is attempting to sell his shares in an effort to cover a judgment against him to film producer Josh Webber over the film Dear Frank. Check out Dame’s full comments on the situation below. Be on the lookout for further updates on JAY-Z and Dame Dash on HotNewHipHop.

 
 
 
 
 
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Read More: Dame Dash Fires Back At JAY-Z For His Latest Move Regarding “Reasonable Doubt”

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Dame Dash Challenges 50 Cent To “CEO War” Involving Their TV Networks

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Dame Dash is a mogul. He’s never pitched himself as a rapper, as evidenced by the song “I Am Dame Dash” where he raps about not being able to rap. We digress. Dash is someone who flexes on ops with business. This is why he decided to challenge 50 Cent on the business front. The former Roc-A-Fella boss told 50 to put his money where his mouth is, with regards to his TV network. He went as far as to say that his network would outperform 50’s in direct competition.

You might be asking why. As with most feuds involving 50 Cent, 50 Cent started it. The rapper claimed that Dame Dash “has no money now” during an episode of the Million Dollarz Worth of Game podcast. Dash caught wind of this, and decided to clap back on Instagram. “Somebody definitely sent me that cute sh*t 50 said about me not having no money,” Dash confirmed. “I feel like now me and 50 should have a battle, and no gangster sh*t…. That would be whack and corny for the culture.” The alternative Dame Dash proposed was a “CEO War.”

Read More: Dame Dash’s Roc-A-Fella Auction Postponed Over Massive Child Support & Tax Debts

Dame Dash Tried To Get 50 To Buy Roc-A-Fella Shares

Dash wants to see which hip hop businessman has their pulse on the culture. “He’s in the television network business now,” he asserted. “Let’s do CEO War… “I’m going to drop my network. And what I’m going to do is also drop a new original American movie.” Dash then urged 50 Cent to drop a movie on his network, so the two could directly compete. The businessman didn’t stop there. He used the opportunity to goad 50 into purchasing the 33% stake in Roc-A-Fella Records. Dame Dash has been ordered to sell off his share of the legendary label, but has been unable to find a buyer that suits his price range.

Dame Dash decided to try and kill two birds with one stone when it came to challenging 50 Cent. “Where you at? It’s still for sale,” Dash explained. “The starting price was 1.2. Now it’s 3 million. And if you got it like you say it, buy it. I challenge you.” Given how much trouble Dash has had selling off his 33%, we can’t blame him. That said, 50 Cent has enough going on to not have to worry about beef with Dame Dash.

Read More: Dame Dash Trolls JAY-Z Over His “Deep” Pockets Amid Roc-A-Fella Records Drama

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