Former hip-hop mogul Damon Sprint’s filmmaking firm was bought for a measly $100 at a Tuesday public sale that aimed to offset $1 million he owes from defamation lawsuits.
Regardless of the determined try to cowl his debt via the public sale, just one bidder confirmed up and acquired the Roc-A-Fella Data co-founder‘s movie firm for a mere $100.50.
“I feel he’s a idiot, man,” mentioned Mike Muntaser, CEO of Muddy Water Movement Photos, who submitted the successful bid — and who has a declare to the $973,000 stemming from Sprint shedding a trio of civil lawsuits.
Sprint declared chapter in September, claiming to have just a few thousand {dollars} to his title — regardless of owing $25 million in federal and state taxes, little one help and different money owed.
At the very least $5 million of that’s owed in civil lawsuits with Brown’s shoppers.
Sprint has confronted the specter of jail time for beforehand refusing to pay up his civil money owed, and Brown mentioned the chapter declare is simply one other effort to keep away from paying.
The manufacturing firm on the market, Poppington LLC, included rights to Sprint’s greatest identified movie, “Honor Up,” which included motion by Sprint, Cam’ron, and Sprint’s cousin Stacey Sprint — identified for her hit function within the 90s traditional, “Clueless.”
Different movies owned by Sprint embody sequel “Too Honorable,” a documentary referred to as “Welcome to Blakroc,” and a private movie titled “We Went To China: Our Search For Like Minded People.”
Legal professional Chris Brown hoped that exterior bidders would supply not less than just a few hundred thousand {dollars} for the gathering — however none confirmed up.
“It’s extra of an enterprise of what they considered Sprint’s work to be versus the rest,” he mentioned, noting that Cam’ron not too long ago referred to “Honor Up” as “wack” in an Instagram put up.
“Like, nobody cares that you simply went to China. Mr. Sprint,” Brown mentioned of one of many movies. “I suppose I actually don’t know what to make of that.”
Muntaser informed The Submit on the public sale that the acquisition was a “jab” at Sprint, whom he blames for dragging him via years of litigation as an alternative of sitting down like “grown males” and resolving their variations.
“He’s only a downside,” Muntaser mentioned. “He has an ego. I feel he’s simply bitter [coming] from the place he was to the place he’s and he simply blames all people else and doesn’t have a look at himself within the mirror.”
Muntaser and filmmaker Josh Webber have efficiently sued Sprint twice for defamation.
And simply final week, the pair filed a 3rd defamation go well with towards Sprint for feedback he made after showing on the favored “Breakfast Membership” podcast earlier this fall.
“It’s simply foolish,” mentioned Brown, who will even get his share of $33.50 from the public sale after successful his personal civil lawsuit towards Sprint for $150,000.
Sprint’s newest allegedly slanderous assertion, Brown mentioned, is just like claims he testified to at an earlier defamation trial.
“So I don’t know why he continues to slander Josh [Webber],” Brown informed The Submit. “Frankly, what I need probably the most is for him to only cease speaking about my shoppers.”
“For him being on an enormous stage with like Jay-Z and [Ye],” Muntaser mentioned, “why are your friends doing good, [being] constructive and also you’re simply enjoying video games with others?”
“Might God information him.”
