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.
Schadenfreude!
[Image via WENN.]
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Aug 25, 2009 14:30pm PDT
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