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Damon Sprint, the hip-hop mogul and file govt who co-founded Roc-A-Fella Data with Jay-Z and Kareem “Biggs” Burke, detailed dire monetary straits as he filed for Chapter 7 chapter final week.
The 54-year-old New York native claimed in his voluntary petition, reviewed by The Instances, that he’s in debt to the tune of $25.3 million. The petition, filed Thursday in Florida, says Sprint makes no month-to-month revenue and has $4,350 to his title — together with $100 in money, a $500 cellphone and two weapons price $750.
A authorized consultant for Sprint didn’t instantly reply to The Instances’ request for touch upon Monday.
Sprint’s petition says he owes a complete of $25,303,049.47 to as many as 49 collectors, with a majority of that (about $19.1 million) owed to the federal government within the type of taxes and different money owed. He additionally owes almost $648,000 in home assist obligations to ex-wife Rachel Roy and ex-girlfriend Cindy Morales, the petition stated. Sprint and Roy have been married from 2005 to 2009 and share two daughters. Sprint shares a son with Morales, and has further youngsters from different relationships.
The petition confirms experiences that Sprint’s one-third share of Roc-A-Fella Data was auctioned to the New York Division of Taxation and Finance in August 2024 to assist repay his tax debt. Sprint claims he’s additionally owed a “potential” however unspecified sum of money from Burke, and likewise “unknown” quantities of cash from his “potential” claims in opposition to actor Claudia Jordan, filmmaker Josh Webber and others he has battled in courtroom.
“Expensive Frank” filmmaker Webber and manufacturing firm Muddy Water Footage — additionally talked about in Sprint’s petition — sued the music entrepreneur for copyright infringement and defamation in 2019. A jury sided with the filmmakers within the spring of 2022 and ordered Sprint to pay greater than $800,000 in damages, however tensions from that call have dragged into 2025. Webber final month accused Sprint and the businessman’s girlfriend of hiding property that may assist repay the hefty judgment, Complicated reported.
Webber additionally sued Sprint for libel and slander in April 2024. Sprint was ordered earlier this yr to pay the filmmaker $4 million.
As experiences of his resolution to file for chapter unfold, Sprint seemingly took possession of the monetary revelations. On Instagram, he reshared a publish from hip-hop-centric web site WorldStar about his authorized woes to his personal web page.
“Now let’s get to work #staytuned,” Sprint captioned his publish.
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