Rachel Roy Tells Dame It’s Over

Rachel Roy has decided to jump ship on her 4 year marriage to Damon Dash:
He’s got no money, but he sure does have mo’ problems. Roc-A-Fella Records and Rocawear co-founder Damon Dash has been slapped with divorce papers by wife Rachel Roy.

The stunning fashion designer piled onto Dash’s already sizable stack of lawsuits when she filed for divorce from her husband of four years this month in Manhattan Supreme Court. Ed Hayes, a lawyer for Roy, declined comment, and a Dash spokeswoman did not return calls or e-mails. An electronic record of the case says the divorce is for “nonmonetary relief” and should be resolved by February.

Dash and Roy, who put her own name on a women’s fashion line, got hitched in Mexico in January 2005. They met when Roy was working at Rocawear and have two daughters. The breakup is the latest legal mess for the has-been hip-hop titan, whose empire - which he once pegged at “about $50 million” in a New York magazine profile - has crumbled under massive debt, bad business deals and one suit after another.

Dash, who in 2005 sold his stake in Rocawear to Jay-Z for $20 million, owes $2 million in state taxes, and a bank has started foreclosure proceedings on his two Tribeca condos.

A Manhattan judge even ordered the city to seize his luxury Chevrolet Tahoe SUV last year when he couldn’t make the $714.99 monthly payment. He’s also being sued by law firms and landlords for not paying his bills.The fall has been a spectacular one for Dash, who sipped Champagne on a yacht in Jay-Z’s video for “Big Pimpin’” - then emptied his bottle of bubbly onto bikini-clad beauties in a hot tub. “He’s broke, he’s got nothing left,” a source said.

Dash debuted last year as a theater producer with the “Hip-Hop Monologues,” an Off-Broadway account of the life of his latest protégé, rapper Jim Jones. The production is set to resume performances tonight at 37 Arts in Manhattan.While he may have been short on cash, Dash wasn’t short on confidence when he hyped the show in New York magazine and vowed to make a splashy return to the music business. “And when I come back, I’m gonna change the economy as well,” he said.

Can’t blame Rachel for pulling out before his broke @ss made lasting (and devastating) effects on her quality of life. SMH.

Comment by Panama Jack on March 24, 2009 at 12:34pm: Damn you can be with a nigga when he livin the high life, but when he's down you up and run? What part of the game is that?

Comment by SMOKE1 on March 24, 2009 at 4:36pm: when u got money u got the world in your hand.but when it's gone you're forgott'n.it's hard 2 b@ll when u aint got no$$$mon3y$$$

Comment by CULTURE@THEWAGON on March 24, 2009 at 8:06pm: THE MEEK SHELL RULE THE WORLD

Comment by whopper on March 24, 2009 at 9:17pm: DAME DASH AINT SHIT WITHOUT...JAY-Z....LAME NIGGA WORKIN FOR JIM JONES..

Comment by Big baby gzus on March 25, 2009 at 11:58pm: AGH! CUT DAT OUT! YOU SHITTING ME, CUT IT OUT! Mr.ROCK DA MIC WIT THE CRISSI! BETTER PULL HIMSELF A MR 17.5!TRAP HOUSE IT ON OUT MANE !

Comment by Big baby gzus on March 26, 2009 at 12:05am: LOOK @ HIM UP THERE! CAN YOU SAY DUMB ASS SCROOL UP O GIRL LOOKING NIIICCE 2 AINT SHE MANE! SAY RACHEL SHAWTY!MAYBE SOME DAY WE'LL MEET AND IMA FUCK YA RIGHT KNOW FORGET THE PAPER! I'LL STRAIGHT BOPP HER ASS!

Comment by Big baby gzus on March 26, 2009 at 12:10am: PLEASE, DAMON DONT HURT'EM! TURN THIS MOTHER OUT! PUMPS AN A BUMP,PUMPS AND A BUMP! I CAN SEE DAT NIGGA DOING THE TYPE WRITER NOW! MAYBE HE CAN DONATE PLASMA OR SOMETHING!

Comment by Big baby gzus on March 26, 2009 at 12:13am: LIKE SHE CAN USE A NICE COAT OF THIS GLEAMY WHITE ON HER TEETH FRESH OUT THE PROSTATE!AND I GOT IT

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