Damon Dash broke and in debt?

Damon Dash the former co-founder of Rocafella Records and Recawear is reportedly broke. Reports say his $7.3 million condos and cars were seized by Eastern Savings Bank after failing to pay $78,504.

Dash also owes the government money. He owes $2.1 million to the NY State Department of Taxation and Finance.

“The fall has been a dizzying one for Dash, who has gone from owning Keds, a vodka company and 1,300 pairs of shoes to dodging bills and accusing a former accountant of ripping him off for millions of dollars,” according to the New York Daily News.

3 Years ago Dash sold Rocawear to Jay-Z for $20 million and once told a New York magazine that he had his own butler, and bragged that he was worth “about $50 million.”