owes

Damon Dash files for bankruptcy, says he owes $25 million

Damon Dash, the hip-hop mogul and record executive who co-founded Roc-A-Fella Records with Jay-Z and Kareem “Biggs” Burke, detailed dire financial straits as he filed for Chapter 7 bankruptcy last week.

The 54-year-old New York native claimed in his voluntary petition, reviewed by The Times, that he is in debt to the tune of $25.3 million. The petition, filed Thursday in Florida, says Dash makes no monthly income and has $4,350 to his name — including $100 in cash, a $500 cellphone and two guns worth $750.

A legal representative for Dash did not immediately respond to The Times’ request for comment on Monday.

Dash’s petition says he owes a total of $25,303,049.47 to as many as 49 creditors, with a majority of that (about $19.1 million) owed to the government in the form of taxes and other debts. He also owes nearly $648,000 in domestic support obligations to ex-wife Rachel Roy and ex-girlfriend Cindy Morales, the petition said. Dash and Roy were married from 2005 to 2009 and share two daughters. Dash shares a son with Morales, and has additional children from other relationships.

The petition confirms reports that Dash’s one-third share of Roc-A-Fella Records was auctioned to the New York Department of Taxation and Finance in August 2024 to help pay off his tax debt. Dash claims he is also owed a “possible” but unspecified amount of money from Burke, and also “unknown” amounts of money from his “possible” claims against actor Claudia Jordan, filmmaker Josh Webber and others he has battled in court.

“Dear Frank” filmmaker Webber and production company Muddy Water Pictures — also mentioned in Dash’s petition — sued the music entrepreneur for copyright infringement and defamation in 2019. A jury sided with the filmmakers in the spring of 2022 and ordered Dash to pay more than $800,000 in damages, but tensions from that decision have dragged into 2025. Webber last month accused Dash and the businessman’s girlfriend of hiding assets that would help pay off the hefty judgment, Complex reported.

Webber also sued Dash for libel and slander in April 2024. Dash was ordered earlier this year to pay the filmmaker $4 million.

As reports of his decision to file for bankruptcy spread, Dash seemingly took ownership of the financial revelations. On Instagram, he reshared a post from hip-hop-centric website WorldStar about his legal woes to his own page.

“Now let’s get to work #staytuned,” Dash captioned his post.



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Teyana Taylor owes Iman Shumpert $70,000 in divorce-leaks dispute

Teyana Taylor was ordered to cover ex-husband Iman Shumpert’s $70,000 in attorney fees after she was found in contempt of court for violating terms of her 2024 divorce agreement.

Taylor, 34, and Shumpert, 35, both had been accusing each other of violating the agreement by leaking their settlement terms to blogs, according to court documents filed Aug. 5 in Georgia’s Fulton County Superior Court.

The court found the “Gonna Love Me” singer had violated the “prohibition against disclosure of ‘summaries, abstracts, portions and descriptions’” of the final judgment in their divorce.

Taylor confirmed her marriage to the former NBA pro during a 2016 appearance on “The Wendy Williams Show” and the couple appeared that same year in the official music video of the track “Fade” by Kanye West (now known as Ye).

The exes have two children together, Iman “Junie” Tayla and Rue Rose, now 9 and 4, respectively. Shumpert helped Taylor deliver both babies at home in the couple’s bathroom.

The couple separated in 2023 and she filed for divorce that November. The split was finalized in July 2024, then in March of this year details of the agreement suddenly appeared online, leading to the filings in civil court.

Taylor had asked the court to order Shumpert to pay her legal fees, but after she refused to show proof of income, the answer was no. The “Coming 2 America” actor did not answer questions about her assets and her income, stating the information was “completely irrelevant to any issue.”

The court ordered Taylor to pay for Shumpert’s fees, saying she had the means to pay because she has been in three movies since the divorced was finalized and has TV series booked for this fall.

During the hearing, Taylor failed to prove that Shumpert had provided details from their divorce case to entertainment blogs.

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Marcus Morris, ex-Clipper, allegedly owes casinos over $200K

Marcus Morris Sr. was denied bond during a hearing Tuesday morning in Florida’s Broward County two days after the former NBA player was arrested at the Fort Lauderdale-Hollywood International Airport on felony fraud charges out of Nevada.

The judge denied Morris’ motion to set bond, saying that she did not have the jurisdiction to make such a ruling for an out-of-state case.

Footage from Tuesday’s hearing, posted online by TMZ, shows Morris in attendance, wearing a jail-issued beige jumpsuit and handcuffs. NBA free agent Markieff Morris also attended in support of his twin brother.

Records from the Las Vegas Township Justice Court indicate that warrants were issued earlier this year, one in March and the other in June, for Morris’ arrest. The Boca Raton, Fla., resident faces the same two felony counts in each case — drawing or passing a check for $1,200 or more with the intent to defraud and theft valued at $100,000 or more.

Yony Noy, an agent for Morris, has maintained on social media that Morris’ legal troubles stem from an outstanding marker with a casino.

During the proceedings, the prosecuting attorney representing the state of Florida, confirmed that there are two warrants for Morris’ arrest in Nevada and both are for outstanding markers for more than $100,000 each.

The prosecuting attorney also indicated that although Nevada is looking to extradite Morris, it is also willing to consider dismissing the charges if Morris’ debts are paid in full. An attorney representing Morris said that “a large payment” had already been sent via wire in an effort to resolve the issue.

Morris made more than $100 million in salary during an 11-year NBA career that included four seasons with the Clippers.

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