Damon Dash Sues Accountant for $3.5 Mill
New York's Daily News reports that Dash recently filed a $3.5 million lawsuit with Manhattan Supreme Court against accountant Barry Klarberg, claiming that Klarberg filed several years worth of erroneous tax returns on his behalf.
Dash says Klarberg's offenses include fouling up New York and New Jersey income tax returns for 2000 and 2001, as well as seriously miscalculating what Dash owed in 2005. Dash also says Klarberg failed to tell him how much he profited from the sale of one of his companies. Dash sold his shares in both Roc-A-Fella Records and Rocawear clothing within recent years.
Klarberg is the author of "Winning Tax Strategies and Planning for Athletes and Entertainers," and financial advisor to over 600 wealthy clients, many of whom are entertainers like Justin Timberlake and athletes like hockey star Mark Messier. Loring Ward, the wealth management firm founded by Klarberg, is also named as a defendant in the suit filed by Dash.