Baller Alert Its A Lifestyle
Dame Dash is suing his ex Rachel Roy over allegedly hiding funds that belong to him, according to new documents obtained by TMZ.
Back in 2008, when the couple was married, Roy created Rachel Roy Brands clothing company. Dash was reportedly one of the company’s original investors and board members that helped build the foundation that enabled a number of fashion lines to be sold in department stores, including Macy’s, Bloomingdales, and others. Dash’s issue is the money he is supposed to be getting from his shared portion of the company, which he says is being hidden by Roy and her co-conspirators. HotNewHipHop.com reports that Roy allegedly submitted fake accounting documents withheld payments and undervalued Dash’s portion of Rachel Roy Brands.
Rachel Roy Brands makes millions annually, and that’s what tipped Dash off when he learned about a royalty payment of $175,000 being withheld in 2014. Another royalty check, this time worth $200,000, was withheld from him the following year. Dash and his legal team believe Roy “manipulated, diverted, misappropriated, transferred, concealed and embezzled funds” just so she wouldn’t have to pay Dash.
Dash claims that he and Roy came to a verbal agreement that she would buy his share of the company for $1 million. In addition to Roy, Roy’s brand accountants, legal team, and others are also included in his lawsuit.
