Damon Dash Breaks Silence on Reports Saying He's Broke and Can't Pay Off Debt

It's reported that the hip-hop mogul has filed legal documents indicating that he's broke and can't afford to pay off his $2,400 debt as he allegedly says, 'My income streams have all been garnished.'

AceShowbiz - Damon Dash is not going broke. It's recently been reported that the hip-hop mogul was in a dire financial situation and couldn't even pay off his debt, but Damon has since poured cold water to the story and blasted those who reported the news.

On Thursday, November 14, TMZ published a story stating that Dash had filed legal documents indicating that he was broke. He was allegedly required to pay $2,400 in the suit, but claimed that he couldn't afford it because he had no salary. "My income streams have all been garnished," the 48-year-old reportedly said in the suit. "It is very difficult to address the mounting bills until I receive some relief from the courts."

However, Dash has since denied having any problems in the cash department and fired shots at TMZ for creating false narrative. Underneath a screenshot of the said article, he wrote, "Perfect example of how they always trying to make a strong independent black man look broke...this is the narrative they push no mention of my 24 network or my streaming service...or my galleries just bubblegum s**t."

The "Paid in Full" star went on ripping off the publication, "Y'all corny for that but the agenda is clear...Keep it up ...I'm gonna keep making examples of y'all by winning...y'all been saying the same s**t for 12 years ...soldiers will never understand generals... 2 different languages."

By doing so, it's safe to assume that Dash has also denied asking a judge to lower his child support payments to ex-wife Rachel Roy. Earlier this year, it was reported that he believed he shouldn't be paying Roy $6,000 anymore because one of their children had reached 19 and their deal stated that he wasn't required to pay that amount of money once their children hit 18. He also claimed that his ex-wife earn more money than him last year as one of the reasons why the judge should lower his child support payments.

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