Damon Dash, former Roc-A-Fella Records CEO, currently owes the IRS almost $3 million in back taxes.
According to The Detroit News, The IRS filed a $2,984,364 tax lien against the former Rocawear executive on June 30 with the New York City Register’s Office.
Dash’s current tax lien is just the latest in a series of major debt problems for the 40-year-old former hip-hop mogul.
In August 2008, The New York Post reported that Dash and his then-wife, fashion designer Rachel Roy, were facing foreclosure on two of their New York homes after Eastern Savings Bank filed a lawsuit against them claiming the pair hadn’t paid their mortgage since January of that year. At the time, Dash also owed the IRS $2 million in back taxes.
A former friend and business partner of rising hip-hop mogul Jay-Z, Dash sold his share of their Roc-A-Fella empire to Island Def Jam in 2004. Since then, Dame has been making music with a slew of artists in his New York City studio and art gallery DD172. –nicholas robinson