Damon “Dame” Dash has been ordered to sell his interest in his film studio and streaming platform to help settle significant legal debts. Problem is the assets in question reportedly aren’t in his name.
According to The Source, court documents reveal that the liquidation order applies to properties legally owned by Dash’s wife, Raquel Horn.
As reported by Vibe, Horn is listed as the sole owner of Dame Dash Studios, which oversees a number of Dash-affiliated ventures, including the streaming service America Nu, the children’s brand Dusko Goes to Space, and the lifestyle website CEOByDash.
The court-mandated liquidation stems from a lawsuit filed by author and filmmaker Edwyna Brooks, who sued Dash in 2019 for allegedly distributing a film adaptation of her book “Mafietta” without her permission.
Brooks won a judgment in 2020 for $78,289, but Dash never paid.
Dash attempted to countersue but was unsuccessful.
After years of delay, the U.S. District Court for the Southern District of New York granted Brooks’ request to enforce the judgment by appointing a receiver, an independent third party, to seize and sell off Dash’s assets.
While many of those assets are held in Horn’s name, the court found them subject to liquidation due to Dash’s control over them via The Dash Group.
Brooks has accused Dash of using entities like The Dash Group and Poppington LLC as shell companies to funnel and shield income, avoiding payment, Vibe reported.
She now claims the unpaid debt has grown to nearly $100,000 with interest.
This is not Dash’s first financial defeat, which extends to surrounding copyright battles and losses.
He reportedly owes hundreds of thousands in unpaid child support across multiple cases, with one judge ordering him to pay over $800,000 in 2019.
In addition, he’s faced tax liens from both federal and state authorities for failure to pay back taxes.
Dash has admitted publicly to being “broke.” He was also recently ordered to sell his 33 percent ownership stake in Roc-A-Fella Records to satisfy a separate judgment.
That case followed another copyright dispute involving filmmaker Josh Webber over the 2016 film “Dear Frank.”
Funny enough I have had Dash of Madness as my logo since 2010 or so! I also have custody issues! But nothing like that! I started my LLC in Iowa Dash Of Madness last march when I signed up for America’s Next Top Hitmaker an online songwriters contest! Which is very interesting because my music, my credit, and many other things have been more than screwed up! I can’t find help legally or financially! I’ve been very confused with this whole thing! Since my ex started pulling some really crazy things and accusing me of untrue things! I sure hope this isn’t part of what’s going! Because I worked my ass off to get the land and home I have for my daughter!
I never expected that I get completely screwed over considering it was supposed to be my best year ever and most profitable year! But instead I lost my job, truck got taken. And many other things financial problems! Along with my daughter being withheld from me so my ex can continue to escalate her power trip even after I did everything to help her get back on her feet after treatment! As well as didn’t take her back to court after everything cause I thought since the judge gave her so much leeway I figured I’d try and do the same!
Then as soon as she meets another guy they’ve turned me into a big peace of bee beep!
I really don’t need any more situations like this in my life especially with it has nothing to do with me!