8/25/2009 2:30 PM ET |
Filed under: Z List
After Scott Storch's continual reckless spending and shady dealings, the hip hop mogul has lost his waterfront Miami mansion.
The 10-bedroom and 16-bath home worth $7 million was bought back by SunTrust bank in an auction on Friday for $5.5 million.
That's gotta hurt!
The bank had been trying to foreclose on Storch for months after he defaulted last July, but couldn't because he had declared for bankruptcy, which was recently dismissed.
[Image via WENN.]