Dame Dash Explains How He Became 'Broke,' Says He 'Invested' in His 'Dreams'

Roc-A-Fella Records co-founder Dame Dash spoke candidly about his current financial situation, pinpointing what got him to this point.

"Somebody asked me how I got so broke. Investing in my dreams," Dame explained. "You know, when you’re investing in your dreams and you dream big, you’re always gonna be broke…or have a lot of shit. But I don’t have no money for nobody else. That's what you call broke. But that’s what it is."

His explanation comes just over a week before his share of the once-storied label will be auctioned off by the U.S. Marshals. The auction is meant to cover a $823,000 judgment from a copyright infringement and defamation lawsuit by film producer Josh Webber.

Dame recently tried to raise the stakes for potential bidders for the 33.3 percent share of Roc-A-Fella Records by offering an "original" label chain, if their bid eclipses $10 million.

"If you do wanna buy one-third of Roc-A-Fella Inc. you are gonna have to bring some bread, and anything over 10 million, I'm gonna sweeten the pot," Dame said. "You get an original Roc-A-Fella chain from off my neck."

"'Cause I was the only one that gave out Roc-A-Fella chains when Roc-A-Fella really existed. If I don't give you the chain it's not a legit Roc-A-Fella chain," he continued. "You get one of these, this is legit. This is the old-school one from off my neck. You know like when I took one off my neck and gave one to Kanye, Cam'ron, all that."