Scott Storch can’t catch a break, can he? After revealing to the world (via an MTV report) that his fast life — consisting of drugs, partying and lavish living — had cost him almost all his fortune, he is now being ordered to cough up $750,000 to a Miami actor over a business dispute.
According to the Miami Herald, actor/film producer Matt Sinnreich sued Storch, claiming the producer left him high and dry after agreeing to form a company with him in June 2007.
The allegedly agreed to form a company where they would sign and produce singer Sindy Espitia and rapper Darrell “D Shep” Sheppard, both of Miami. Sinnreich paid Storch $25,000 for 25% of the corporation, but Storch “failed to form the corporation … and failed to return the $25,000,” court documents stated.
Citing breach of contract and civil theft, he filed a suit against Storch. The producer failed to respond to the complaint, and a judge granted Sinnreich’s motion for default last December. Jurors decided how much in damages Storch owed, which came to a $750,000 verdict.
Sinnreich is currently trying to collect on the judgment. But Storch has had money problem for some time now. He fell behind in child support and owes $722,0000 in property taxes on his $10.5 million mansion on Miami Beach’s Palm Island.
In March, SunTrust obtained a judgment of foreclosure for $8.4 million. The property sale is set for June 26.
Storch once commanded an estimated $100,000 per beat, and had earned $70 million in 2004, according to Rolling Stone who dubbed him “hip-hop’s Liberace.”
19 comments
dam ths dude is struggln….!
Oh how the mighty has fallen.
Damn, I feel for him. What happen, he’s so talented!
Another example of how the mighty have fallen! What a corny picture too…that guy looks like he took himself a little tooo seriously. He looks rediculous.
looks like a little boy with his daddys’robe and shades on.
DAMN! 70 MIL in 04!?! and he’s broke! that’s sad…he’ll come back though. he’s got plenty of beats left in him…stay up storch!
LOL one poor jew
MONEY GONE, MONEY GONE!!!!
IT’Z NOT JUST ‘BOUT MAKING IT,
IT’Z ‘BOUT KEEPING IT ALL!!!!!
FOOL THOUGHT HE WAS BALLING,
BUT HE WAS JUST FREE-FALLING….
That’s what you get for snorting all that coke, what a fool.
damn nigga needs to know how to play with his money
We can all feel so sorry for me blah blah blah but as long as son can make a dope beat sombodys going to give him money…Classic case of down but not out.
wow that girl if fuking gorgeous
which girl? scott? lmao
haha no… sindy… i searched her shes beautiful she goes by the name sindy rush
who is she? is she famous?
Scott Lost a good artist!! I heard that Sindy Rush is working with the runners, also with the flip tones and a hole bunch of people..
Shes goin to be the next big thing im telling you!! shes been huslting 4 a while!!
Shes allways recording @ the hit and Circle house, i think shes been writing for a few artists..
Sindy Rush is hot!!
Sindy Rush is the s***** I love her new song, Im not the girl 4 you!!
that girl sindy rush is the movie the bleeding