Storch is Torched
Filed under: Music Minute > Legal Matters
Superstar hip hop producer Scott Storch may soon be homeless.
His bank moved earlier this month to foreclose on his $10 million Miami home. The bank loaned Storch $7.75 million so he could buy the 10-bed, 16-bath mansion on Miami’s Palm Island.
He reportedly hasn’t made monthly payments for most of this year, even after borrowing another $170,000 from friends, according to court papers.
Storch has also has been sued by an electric company for $11,215 - and a security system installer too! Scotty still owes $17,151 for his state-of-the-art camera network.
Hip hop's 'Liberace' may have been worth $70 million as late as last year.
Looks like his penchant for high rolling has totally effed him up, though!
Storch was known to drive around SoFla in Rolls-Royces or Ferraris, spending hundreds of thousands in local nightclubs and keeping a substantial entourage.
Y'all, living large is stupid!
Look where it could leave you!
[Image via WENN.]
meow
10-Bed, 16-Bath!!! Jesus! Nobody needs that!
who is he?
lame
"sniffed" all his money away….what a moron…..
idiot!!!!!!!
second? first?
MC Hammer anyone?
Let's hope others will learn from his mistakes!!
woohoo. first ishh.
jeez, i wouldnt hav ebeen so irresponsible
That's what he gets for being such a douche bag.
Once again, old news. You're getting slow on the old copy and paste button from TMZ and other sites Mario, this broke on TMZ hours ago. If you want it to look like it's your story you should get there to copy it before your readers do so you don't get busted out again. Better yet, you could try crediting the place you took the story from. Now that would be a novel idea.
firstttt!!!!!!!!!!
that's the least of what this fucking douche deserves after all the shitty music he's produced. douchebag!
He lost $70 mil is one year? 100k's in nightclubs in one night!?!
MC Hammer did this too - made it all and then lost it all.
At least he has his wife and kids after all his *friends* left and they took all his stuff away.
Loser!!!
his a dumbass people invest your money wisely!!!!
Bet he has Little man syndrome" He looks like he's 13 years old and dressing up in his daddy's workout clothes. I guess this is what happens in a low IQ culture such as rap/hip-hop.
that creepy fuck. CREEPY CREEPY LOOKING FUCK. Slow pervert for sure.
Send this obnoxious dork to IRAQ
and send our troops HOME today!
They should be in luxury and this loser
should be in a tent.
IMPEACH!
IMPEACH!
END THE WAR TODAY!
Send Bush to Iraq with this dorkwad.
Thank you.
Call me an idiot, but who the hell is this guy?
Who the hell is he?
Re: oldne – So what are doing reading it here then? What for?
I guess it could be easy to spend a ton, when you make a ton… I tend to spend the little that I make quite fast, however, I pay my bills first. Don't these people have accountants, and lawyers, and advisors? If I made money like that, I'd be afraid to lose it all! Invest, save, put it where you can't touch it for awhile or something! It seems to happen often to these youngens! It's nobody's fault but their own!
Yo fuck all that p-nasty its all about livin large fool, you gots to represent know what i sayin???
Poor thing…and her hair is starting to thin out on top. She should have used her money on hair plugs rather than partying like a rock star!
Liberace of Hip Hop…LOVE IT!
ha ha fucking sweet
well, dre made him famous after 2001 dropped in 1999 - in return the money started pouring in. lets see if dre can save him financially again later this year when detox drops.
funny thing is hes a JEW… you'd think he'd have better money management skills
for those who don't know storch he's a record producer.
he did production work for dr dre, beyonce, christina aguilera, fat joe etc etc
he was actually churning out really good music 3-4 years ago
Being form Miami I saw this loser all around South Beach flossin' and frontin' in his Rolls!! How funny..now he's broke!! That's what you get for showing out..should have invested in something other than the clubs!
Re: dsm – That's right he is a Jew!! Better money management should be in his blood!! How funny..I totally forgot that.
Yes! SOoOo glad Christina gave him the big FU. Loves it. Revenge is sweet…
hahahahaha thats what you get for thinkin yous a playaplaya!
now you a broke ass bum! muhaha god white people who try to act
all ghetto fabulous make me sick. you may make hot beats but you are white
USHER/COREY HAIM?
Everybody knows Storch is on that coke real bad!! Has been for a couple years now and it's all catching up to her now!
Scott Storch is a DOUCHE!!!! That guys is such a fucking joke, it's ridiculous! Doing all the coke fucked up his head real good. He actually thought he could come out at Timbaland, the man that threw him a bone when he was a nobody and gave him an oppotunity to be a producer, fuck with Timbaland, and not pay the consequences?!!! What a fucking idiot!! Ever since his wack video rap trying to diss Timbaland and calling him a "nigg er", no major artist would work with the douche! He's in the doghouse! That coke made him think he was a big man, but he nothing but a piano man! And not even that no more, with the IRS on his ass and the banks foreclosing his shit, he going back to the ghetto where he and his ilk belongs! Watch all his hanger-ons abandon the bitch as soon as the $ dries up. That bitch Storch is OVER!!!
Does he have no management? I wouln't know what to do with $70 million either, I would hire someone to tell me. I thought all those Hip-Hop people learned their lesson from MC Hammer. What a waste.
So much for the self proclaimed 'Meyer Lansky' of hip hop. Lansky being a famous Jewish Mob Kingpin, I guess the only Kingpin this bozo can be compared to is the woody harrelson version. Just another bad Sub-Prime Loan. The only Meyer he is qualified for is now Mejer Thrifty Acres, a Discount Chain - kind of like the fake gold he wears.
Models exposed without make up and who they're sleeping with www.onblastatlast.com
hyde d montage
Big deal, the guy never even did anything that good. Serves him right for being a moron with his money.
how the fuck did he go broke? isn't he jewish?
Re: Keith –
Keith. I think you're really Perez in disguise. You constantly defend him and have too much information know how. It's just a tad suspicious
No one learned from the MC Hammer follies did they?
Just because you make tons of $$$ one year, doesn't mean you can ride it out for the next ten years. Pop music goes through changes very quickly, and one day you are 'in' and the next week you aren't hot anymore. there's always another new whiz kid producer on the block ready to take your spot.
Storch obviously got drunk on his success and thought that he would always make the same amount of money every year so he bought mansions, bling, cars, and probably kilos of blow.
Oh well, time to call the auctioneers.
Working with people like Paris didn't help I bet he wished Christina would give him a call.
isn't that the same guy that was kissing britney spears shortely after she left federline? I think he's the guy that was hanging around britney for a while when she was having meltdowns.
What a greedy idiot. Serves him right. He is also so ugly there are no words that could come close to describing his looks.
Re: KimmySita – You fugly ass bitch, go wash that dirty stank ass !
LMAO
I knew Storch was a complete idiot when he gave
Brook Hogan a recording contract. If you remember the
Hogan white trash clan (Brooke, Roid Balls, and Cradle Robber)
were wined and dined on Storch's fancy boat.
Re: myko – Someone like Storch probably did have accountants and managers, but its more likely he confided in his 'homies' and listened to them instead. These hiphop types have huge egos and they keep two dozen of their friends on the payroll who are just yes-men. Then once the money is gone, all the homies are gone too.
I may be wrong, but this dude looks like a total douchebag.
superstar producer is super stupid.
I don't feel sorry for him. MANY people, with far less, financially, are able to pay their bills, feed, clothe and school their children and keep a roof over their heads. Granted, most, if not all, don't go clubbing with an entourage or drive big, fancy cars…but, happiness and peace of mind CAN be achieved at a lesser price.
All he has to do is file for bankruptcy and he can keep everything that he has! That's what you get for living in Florida!!!! Smart move on his part to live there!
Good for him, to show the worlk that he has no fuck'n clue on how to manage money………. Way to go bro!!! Dumb Ass
The universe does not like Gross displays of Wealth.
haha yess FUSS was one of the best songs on Back to Basics because he is a DOUCHECUNT
Re: inspe – muah kissy kissy!
Re: inspe – awww i guess you are also victim of false perspective of oneself. are you white and ghetto fabulous too? cus what you said is highly uneducated and immature:)
Y'all, living large is stupid! ….. Ya'll someone made a typo!
Re: Larry – you and your nigga lovin attitude needs to shut the fuck up. I am so sick to death of watching fools like yourself which your either a spook, trying to act like a spook or your a wanna be spook. ghetto, gangsta rapper bullshit. dirty niggas & wannabes ie; apes should go back to Africa - otherwise if you choose not to go we can reinstate slaverly & you'll learn real quick theres more to the English language than ebonics.
that's what happens when you go overboard buying a home with 10 bedrooms and 16 bathrooms. dude must really pee a lot.
Re: shz4372 – oh and by the way, Scott Storch is a nigga wannabe fucking retarded degenerate like yourself. hopefully he drops dead.
Now Scott will have to move back to Canada, where no one gives a shit who you are and mooch off his parents!! Serves him right, thinking he can spend thousands of dollars everyday while driving a million dollar car!! what are you thinking
apparently he has been missing to boot. Has anyone filed a missing persons on him?
Re: maggi – Nah maggi you slut, that's JR Rotem you're thinkin of.
CORRECTION: Perez he rides around in a 1million dollar car called a Bugatti! LOL He's always cruising South Beach it in!!!!!
He also spent an enourmous amount of money on drugs, and that's where most of his money went!
Lesson learned: Don't live beyond your means!
Re: G-Money –
He once chartered a private jet so he could fuck Lindsay Lohan. Little did he know she would have taken the bus.
Could have saved $75,000 right there.
very true. i saw him this weekend at opium/prive completely trashed leaving with his "entourage" in his ferrari. he looked so hopeless and like such an idiot!