Rachel Roy and Damon Dash call it quits after 4 years

Several sources have reported that fashion designer Rachel Roy has filed for divorce from Damon Dash. The couple were together for 4 years. They have 2 daughters together Ava (10) and Tallulah Ruth (1).

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This just adds to all the other problem Damon has been having lately.

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Click HERE to read all the foolishness and mayhem in his life.

Mo Money, Mo problems for Yung Joc, Jermaine Dupre, and Damon Dash

Yung Joc wants to clear his name. He says the rumors of him owing money to his baby momma are not true. He began paying child support before he had amassed his current wealth. The court ordered him to pay a very small sum per month, but he chose to pay above the requirements. When he got famous the baby mama asked for more money (surprise, surprise).

Read all about it here.

In Atlanta Jermaine Dupri’s restaurant Cafe Dupri closed down last week. According to sources Tina Mauldin (Jermaine’s mom) told Channel 2 Action News that “closing the Cafe was a business decision… and that if employees had worked harder Cafe Dupri might still be open.”

Employees are upset because their checks are bouncing…

Meanwhile, a bank is suing Damon Dash. Eastern Savings Bank is claiming the hip-hop mogul failed to pay $78,504 in monthly for his trendy Tribeca condos from January to August.

Read more here.

Dang, this economy aint no joke.