Damon Dash’s already complicated financial affairs escalated further this week as accusations of dishonesty over his remaining assets emerged in his ongoing legal battle.
The fiery accusations surfaced after Dash sold his one-third stake in Roc-A-Fella Records for $1 million, part of a move to resolve more than $8 million in debt.
Damon Dash still owes film producer Josh Webber an $823,284.71 judgment for breach of contract and defamation related to their collaboration on the film Dear Frank accusation.
Despite the auction of Dash’s ownership of Roc-A-Fella, Weber remains a creditor awaiting repayment as most of the proceeds were allocated to higher priority debt, including Dash’s large tax liability.
His legal opponent, Christopher Brown, is represented by filmmaker Josh Weber and Muddy Waters Pictures. They claim Dash has been hiding major assets, including jewelry and intellectual property rights, from creditors.
Brown said: “Dash is simply trying to avoid asset transfers and is willing to lie to do so.” He further believes that Dash’s explanation is untenable.
Dash denies ownership is at the heart of the allegations, which include luxury jewelry highlighted in his social media posts.
The pieces, such as custom-made gold necklaces bearing his nicknames “Dame” and “Dusko Popington,” are reportedly worth up to six figures.
Dash insisted the jewelry belonged to someone else, but Brown dismissed those claims as questionable, saying: “If Dash doesn’t own the jewelry he wears every day … he should have no problem proving who owns it.”
For further evidence, Brown dug into Dash’s 2019 and 2021 tax filings, which showed ownership stakes in businesses he had previously denied involvement in, including Lebanon Improvements LLC and 1996 Songs LLC.
In addition to the review, former business partner James DuBose also provided an affidavit claiming that Dash retained rights to the film “Honor Up” through his company, Popington LLC, contradicting Dash’s denial that he had control over certain copyrights. statements directly contradict.
Dash’s legal team has fought back, dismissing the accusations as a “campaign of public harassment” designed to tarnish his reputation.
Dash’s lawyers argued that Brown and Weber were trying to liquidate assets he jointly owned, such as the copyrights associated with Honor Up, and noted that tax authorities were high on the list of creditors seeking compensation for Dash’s remaining resources.
Still, the stakes for Damon Dash remain high as courts consider property and other copyrights tied to his company, Poppington LLC, including “We Go to China” and “Welcome to Blackroc” Whether the work will eventually be auctioned off to pay off the debt.
