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Damon Dash in Danger of Losing NYC Apartments
By
Jen Carlson
Published Aug 20, 2008
Modified Aug 20, 2008
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By
Jen Carlson
Published Aug 20, 2008
Modified Aug 20, 2008
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It seems hip-hop mogul Damon Dash may be an entrepreneur, but he's certainly not in the business of paying the bills. The NY Post is now reporting that the Eastern Savings Bank has filed suit against him, "charging the Roc-a-Fella Records co-founder hasn't made a payment on his $78,504.20-a-month mortgage since January." The $7.3M mortgage is split between two properties, at both 25 N. Moore Street and 79 Laight Street, and Dash and his wife (Rachel Roy) have been warned in writing that they are in danger of losing both. The Daily News adds that the suit "cites numerous judgments against Dash in which he was ordered to pay more than $2 million in New York state taxes, more than $100,000 in federal taxes and $95,000 in unpaid rent to the landlord of the W.39th St. building that houses Damon Dash Enterprises." Last year he "sued his accountant for allegedly costing him millions of dollars by filing faulty tax returns."
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foreclosure
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Roc-a-Fella
Jen Carlson
Jen Carlson is a former WNYC and Gothamist editor.
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