Judiciary Report - Damon Dash's Cash Dashed

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Damon Dash's Cash Dashed

Rockafella Founder House In Foreclosure

August 20. 2008

Damon Dash

The founder of figurehead Jay-Z's Rockafella Records is in financial straits. Damon Dash's New York apartments have been placed in foreclosure, as he has defaulted on the $7.3 million dollar mortgage on the properties. Excessive spending and financial setbacks in business created the problem.

Dash (right) with crooked, vile Jay-Z (left), who is going to end up in the same boat via excessive spending, lawsuits for misconduct and government fines. That "R" Rockafella sign is going to stand for repossessed.

Foreclosure for Roc-A-Fella founder Dash's homes

Published: August 20, 2008 - NEW YORK: Roc-A-Fella Records company co-founder Damon Dash and his wife are in jeopardy of losing two of their Manhattan apartments after apparently failing to pay their hefty mortgages.

The bank holding the mortgages says in a court filing Dash and Rachel Roy owe $7.3 million on the properties and it has begun foreclosure proceedings.

Eastern Savings Bank says Dash and Roy were supposed to make monthly payments of $78,500. Dash is the estranged business partner of rapper Jay-Z. The bank's court papers were filed Monday.

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