UPDATE: 7-26-08 Scott Storch’s home is on neighboring Palm Island, not Star Island, contrary to a previously released report in a local Miami paper.
This is a follow up to the article titled Miami Producer Scott Storch Yacht In Repo Sale. The hip-hop producer is now facing legal trouble on all sides and has gone missing.
A warrant was drafted for Scott Storch’s arrest regarding non-payment of child support and in a separate case, SunTrust Bank initiated foreclosure proceedings against his $10 million dollar Miami Beach home. The Palm Beach Post stated he has not made payments in a year.
Sidebar: how did you get that house for $10 million? Did you do a trade with some kilos or something. Just kidding, but that price is millions off for Star Island. Homes on Star Island haven’t been $10 million since you were 10.
Storch’s yacht was in a repo sale
Time for you to sober up and start liquidating your assets. You can start by selling the cars, the house, the jewelry and drop the entourage. Learn from McHammer.
Material things never made a man better than another. It’s just a show of wealth and as with all things concerning money, as the Bible says, it can disappear in an instant when one least expects it.
‘Hip-Hop’s Liberace’ Storch tumbles into foreclosure
The famed hip-hop producer who tried to make singing sensations out of Paris Hilton and Brooke Hogan could soon be homeless.
SunTrust Bank moved earlier this month to foreclose on the $10 million Miami home of Scott Storch, according to Miami-Dade County records obtained by Page 2.1.
Lil Wayne/ Paris Hilton Producer Scott Storch Wanted By Police For Skipping Child-Support Hearing
Producer also reportedly behind on property taxes; lawyer blames mismanagement.
Formerly red-hot producer Scott Storch, known for his signature aviator shades, high living and banging beats, is facing some hard financial times.
Scott Storch (right), posing with the Hilton sisters and a friend
Miami music producer Scott Storch seems to have hit financial trouble. Recently, a Miami judge rightfully ordered him to make full child support payments to his girlfriend for their son.
A year ago, according to an article in the Miami Herald, he purchased a $10 million dollar Star Island mansion on Miami Beach and a $12 million dollar yacht named Tiffany.
Storch, owner of “Tuff Jew” productions, also purchased other high priced items, such as a $1 million dollar Bugatti car, among other luxury vehicles.
After working on Paris Hilton’s debut, which flopped and resulted in two legal claims, one by British band UB40 for copyright infringement and another one forthcoming, his career suffered.
CAPTION: “Bank Deal/repo”
Story found here
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