Fallen rap mogul and former Jay-Z partner Damon Dash hid money in a network of corporate entities to avoid paying a nearly $100,000 judgment, a new lawsuit alleges. has been done.
Author Edwina Brooks is a previous recipient of the award. $300,000 Copyright Infringement Lawsuit It filed a lawsuit against Dash in 2020 and filed a new lawsuit in Manhattan federal court this month.
She is seeking to recover a judgment owed to her from a failed countersuit brought by Dash, but Dash has long kept her assets hidden in a web of corporate transfers, her latest suit says. states.
Her attorney, Chris Brown, said the debt is nearly $100,000, including interest.
Dash and his girlfriend Rachel Horn are also charged. ”[comingled] and [used] They view their company as a single business entity and seek to use the business entity in an elaborate liability-shifting scheme to avoid judgment debtors on behalf of themselves and that business entity,” the lawsuit alleges. are.
Mr. Brooks' lawsuit was filed after Mr. Dash's Roc-A-Fella Records stock was sold at auction for just $1 million, but the winning bidder was the state and long-time creditors must find another way to pay. It means that.
“Mr. Dash has about $10 million in personal debt,” Brown told the Post. “If it had been fully restored at auction, this lawsuit would not have been necessary.”
In Mr. Brooks' case, after winning his first copyright lawsuit against Mr. Dash and his company, Popington LLC, the former rapper allegedly tried to hide his assets by transferring them to a company not named in the lawsuit.
Mr. Brooks' new lawsuit alleges that “Mr. Popington began fraudulently transferring Mr. Popington's assets” to a new company, Dash Group, “to avoid Mr. Brooks' judgment.”
“There is no question that Popington and TDG are related entities and have effectively merged,” the complaint alleges. “Poppington's assets were fraudulently conveyed to TDG in order to hide them from Brooks and future judgment creditors.”
One of the unpopular pieces of evidence in the lawsuit cites the fact that Dash was previously paid significant consulting fees ($83,333 per month) by Kanye West through Popington's company.
But bank records filed in the complaint allege that Dash began billing West through a newly formed company, Dash Group, as soon as the “fraudulent” merger of the companies took place. fresh business.
“All of Popington's personal funds have been transferred to Dash Group, and Popington is a defendant in all of these lawsuits,” Brown said.
In the first copyright suit, Mr. Brooks alleged that Mr. Dash promoted and sold a film based on the female crime boss character in the “Mafietta” series, which he wrote.
Representatives for Dash did not respond to requests for comment on the post.
