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Jay-Z's Former Roc-A-Fella Partner Damon Dash Owes Millions!

Filed under: Legal MattersBusiness Blitz

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Damon Dash, Jay-Z's former business partner, has 99 problems and unpaid taxes are 99 of them.

Damon, who co-founded Roc-A-Fella records with Jay-Z, is now a Broke-A-Fella! It just came out that he officially owes the federal government over 2.8 million dollars… AKA what Jay-Z makes every hour(-long Samsung commercial he's in). LOLz! ;)

Damon has neglected to pay around $2.6 million in taxes in 2005 and the rest in 2011. Now, the IRS has filed a federal tax lien on him! Now that there's a lien on him, Damon probably wishes Jay would sing "lean on me."

According to Damon, he owes millions in back taxes to the states of New York and New Jersey, and he's had to foreclose multiple properties. Maybe he can get some advice from Nicolas Cage who got into tax problems for buying an island and creating Jurassic Park?

[Image via HRC/WENN.]

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Damon Dash Remembers Aaliyah Ten Years After Her Death

Filed under: Music MinuteR.I.P.Sad Sad

We can't believe how much time has gone by. Today marks the tenth anniversary of Aaliyah's tragic and unfortunate death. The singer died in a small plane crash in the Bahamas on August 25, 2001. It feels like it was just yesterday.

Damon Dash, who was Aaliyah's boyfriend at the time of her death, remembers her and how unbelievably heartbreaking it was for him when she passed away. He says:

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Damon Dash Talks His SERIOUS Tax Debt!

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Ouch! The money troubles continue!

Former Jay-Z bestie and Roc-A-Fella Records company co-founder Damon Dash is in serious debt, and according to a lax lien filed last month, owes more than $3 million in back taxes!

He explains:

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Damon Dash To Relaunch Roc-A-Fella Records

Filed under: Music MinuteCelebrity FeudsJay Z

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Rap mogul Damon Dash will be relaunching Roc-A-Fella Records he originally established with former friend Jay-Z after acquiring the name back from Def Jam.

Roc-A-Fella was founded by Dash, Jay-Z and Kareem "Biggs" Burke but fell apart after falling out with one another.

Jay took control of the label and became the president of Def Jam while Dash and Burke formed DDMG (Damon Dash Music Group).

Jay-Z resigned from Def Jam in 2008 and now Dash is taking the Roc-A-Fella name back. Dash says:

"Def Jam or Universal bought the brand. I think the 'beef' was that Jay made it clear he didn't want me or Biggs to be a part of it. That's really where it was at. Now that he doesn't work for Def Jam anymore, he doesn't have the right to use the name.

"So there's no reason for us not to use it. It's there, and it's a brand that's not being used. So I was like, 'I'll take it.' It always meant something to me. It's a way more positive movement. It's what I wanted Roc-A-Fella, what I thought it should be, 10 years after I started it."

We wonder what Jay thinks about that?

[Image via WENN.]

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