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Damon Dash, Damon Dash, Damon Dash. You better be copping a Nas to Jay-Z soon or your assed out. Not only did Damon Dash's two Tribeca condos go to the repo, but his lawyer and his cars are gone now too. The man who boasted about being worth $50 Million and wearing a new white tee, after everything he did is BAAARRROOOKKKKEEEE!

Not only did Damon Dash ruin his status as a mogul of music, liqueor, film, nightclubs and clothing; but his pride must be shot down at this point. His SUV has now been repossessed, because of his legal woes. Then, his lawyer ditched him, for failure to pay legal dues, admist the pile of lawsuits he's got pending. Oh, did I add $2.1 Million Dollars in taxes that me must up to New York State?

His former attorney Jason Gabbard, who represented Dash and his wife, against a fashion company who claimed they owed $148,505.00 in unpaid fees, said this about the former heavyweight: "I've worked with musicians, artists and entertainers that in the eyes of the media are very wealthy, but to borrow a phrase from my Kentucky homeland, they haven't got a pot to piss in - they're broke."

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It may seem that although reports are all But confirming Jermaine Dupri, will take over as Jay-Z's successor, as president of Def Jam. However, snitches are reporting that Dame Dash was originally at the top of the list. It seems that an up and coming lawsuit for the Hip Hop entrepreneur, will shatter his chances.

Remember when Jamie Roberts, of Atlanta, claimed that Dame exposed his private parts to her. She now claims to suffer from schizophrenia that has developed into active psychosis. Their case will come to light in 2008.

Other is the running are, Jimmy “Henchman” Rosemond and Chuck D.

Gossips are elated that Damon Dash and his wife Rachel Roy have expressed some emotion. The duo and their daughter Ava were spotted in NY on Sunday (5/27). Rachel appears to be screaming at Damon.