Edited by The Fashion Web
Last May, former Roc-A-Fella co-owner Dame Dash openly discussed his financial troubles and even claimed that negative press exaggerated his financial situation. However, the media may not have been exaggerating as much as he claimed. Dame’s multi-million dollar New York City duplex was auctioned off for $5 million on Wednesday. According to the New York Post, the winning bid on the home went to a California-based mortgage and finance firm called the Platinum Capital Partners. The auction was ordered by the state Supreme Court after Dame failed to pay his $78,504 monthly tab on a $7.3 million mortgage on the two Manhattan apartments he owned. Only one home has been auctioned away at this time. As of right now, no other information has been revealed.
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