Darien Dash (Dame's cuz) is the NFL Players loanshark. "Lockout loans" @ 36% interest

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Dammmmnnnnnnnnn... this dude is a stone cold hustler. Ran his company into the ground twice burning investors, sued Michael Jackson and settled for $5mil and now this...

“Don’t do it! Reconsider! Read some literature on the subject! You sure? Fuck it.” The cousin of hip-hop entrepreneur Damon Dash is cashing in big time by providing high-risk “lockout loans” with absurdly high interest rates as high as 36 percent to NFL players.

DME Interactive CEO Darien Dash, who settled his $48 million lawsuit against Michael Jackson back in 2007 to the tune of a cool $5 million, is in charge of one of a handful of boutique lenders which focus primarily on the business of professional athletics.

Quote:

An investigation by Yahoo Sports has found that players from as many as 16 NFL teams have already begun securing high-interest, short term loans, in anticipation of the NFL lockout. The interest on these loans can be anywhere from 18 to 36 percent, putting them on par with bad credit cards or even payday loan services. In addition, some of the lenders have required players to get insurance policies to cover the loans, in case they’re injured. That can add tens of thousands of dollars to the cost of loans. (source)

“This is a very pivotal and important negotiation for the players,” Dash tells The Post Game. “And to the extent that anybody is providing them with a lifeline or a resource to help them to have the financial wherewithal — to be able to renegotiate what they feel is a fair labor contract — I think it’s important.”

“Nobody’s out here forcing these guys to do this — in terms of putting the gun to their head and making them do it,” Dash contends.