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.”
