12351608084?profile=original

Once worth $70 million, Scott Storch is trying to financially regroup by filing for bankruptcy.

TMZ reports that Storch claims to have only $3,600 in assets, $100 in cash, a $3000 watch and $500 in clothing. His music companies aren't worth one penny.

In 2014 he says he made $10,000.

12351608661?profile=original

At one point Scott was one of the go-to producers in music. He was behind the boards on 50 Cent's "Candy Shop," Fat Joe's "Lean Back," Jadakiss' "U Make Me Wanna,' Chris Brown's "Run It," G-Unit's "Poppin' Them Thangs" and many more.

The 41-year old Long Island, New York native's downfall began in 2003 when he developed a cocaine habit. In 2006 he blew $30 million in six months splurging on drugs, 20 luxury cars, a private jet, an 18,000-square-foot Miami mansion and a yacht

“The cost of the drug didn’t effect my life,” Storch told MTV in 2009. “It was the poor decisions I made, that were so poor financially, that caused me to go into this situation where I was forced to change my lifestyle … forced to change a lot of things. [I had] 15 to 20 cars at all times,” he continued.” That’s not smart. I would take one of 15 half-million-dollar cars I owned and go to the mall and spend that much money. Stupid, stupid stuff. It’s like it didn’t make a difference. They were ego investments. I would have been great with three or four cars! I didn’t need a 117-foot boat.”

Follow Me

Join Our Facebook Fan Page Check Us Out On MySpace Follow Us On Twitter Follow Me On Youtube Like MY Facebook Page Connect With Me On Linkedin Connect With Me On Google+ Join My Website Follow Us On Twitter
E-mail me when people leave their comments –

You need to be a member of PaperChaserDotCom to add comments!

Join PaperChaserDotCom

Blog Topics by Tags

  • - (15906)
  • & (7760)
  • To (6046)
  • In (5721)
  • On (5540)
  • Of (4786)

Monthly Archives

} Facebook Login JavaScript Example