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View Full Version : Scott Storch raked in hip-hop millions and then snorted his way to ruin


The Dre Era
04-22-2010, 03:27 PM
New Article on Storch from the Miami Herald

Long story, here are some excerpts:
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At age 33, in 2006, his fee hit six figures per beat, which he could produce in 15 minutes. The money turned the Sunrise kid into a Palm Island Lothario. Hip-hop's blinged-out white boy lived in an expansive villa in the Miami Beach enclave, kept more than a dozen exotic vehicles — including a $1.7 million sports car — and docked a $20 million yacht.

So Yolanda, who raised Scott and his brother Matthew after she divorced their father in 1983, has reason to cling to the fact that she introduced Scott to the piano. It's the consolation prize of her life. "It's not that I want to toot my own horn, but I was always very supportive of his music," she says. "It's just too bad that everything went sour."

She perches gingerly on a bottomed-out wooden patio chair outside the modest two-bedroom red-brick home she shares with her 88-year-old father, Julius. The years have battered Yolanda's former starlet looks, but she's still a handsome woman, instantly identifiable as Scott's Mother by her ghostly fair skin, blue eyes, and prominent jaw. Keeping large eyeglasses atop a nest of bleached hair, she wears pink slippers, gray sweatpants, and a T-shirt bearing a cartoon bird saying, "How about a Christmas goose?" A burned-out Doral Ultra Light 100 is wedged between her fingers.

Yolanda is, to put it one way, quirky. A Catholic convert of Lithuanian-Jewish descent, she's obsessed with all things Italian. Especially Al Pacino. She calls the abstract prospect of meeting the actor "the reason I get up in the morning."

For her and her gifted son, nothing has turned out the way it should have. She watched Scott blow his fortune in spectacular, infamous fashion, giving millions of dollars in diamonds and cars to his girlfriends, which included America's holy trinity of floozydom: Paris Hilton, Lindsay Lohan, and Kim Kardashian.

In the meantime, Yolanda, who cares full-time for her partially blind father, waited in this $81,000 house for her son to remember her. Instead, Scott descended into a cocaine binge that crashed his career, propelled him into massive financial litigation and bankruptcy, and sent him to rehab.

The neglect gnaws at her. She can't help but bring it up — to complain about the holes in her "36-year-old carpet" and her decaying patio furniture and medical expenses that eat right through her father's social security checks.

Public records also tell the story: In 2008, Capital One sued her for $5,700 owed on a credit card she used for food and pharmacy bills, in a case that's still being decided in Plantation court.

"Scott always told me he had plans to do certain things for the family," she says. "But then I guess things got bad before he got around to it. I read about all these other rappers' mothers — P. Diddy's mother, Kanye West's mother, Jay-Z's mother. Their sons all took care of them."

Then Yolanda worries, "If he reads this, he would be very angry at me. He's not going to ever give me anything."

So, exactly what would she like to see in print? She thinks and begins again: "I think that maybe you should make sure your mother has her retirement taken care of before you buy another $2 million necklace for some hotel heiress. You don't just have a miracle from God like that and then take all that money and throw it in the garbage pail."


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Since 2005, he's been hit by 28 lawsuits in federal and county courts as his Tony Montana lifestyle was stripped from him piece by piece.

His vehicle collection went first. Repo men came for the Ferrari Scaglietti, the custom-made $160,000 HARD "Bones Bike" motorcycle, and even the 2007 Cadillac Escalade entourage transporter.

In December 2008, Broward Sheriff's Office deputies arrested him and charged him with felony grand theft auto. He had kept a rented Bentley more than a year after it was due to be returned. The charge was eventually dropped, and Storch blamed Lil' Kim, saying he had leased the car for her.

East Coast Jewelry sued him for $170,000 in allegedly bounced bling checks. A jilted electronics company demanded $22,000 for Villa Ferrari's video surveillance system. The artist whose work adorned Storch's walls also threw his beret into the ring: Parisian minimalist Kirk Hughey claimed in Miami-Dade court that Storch stiffed him $150,000 of a $300,000-plus bill for 23 paintings.

The civil judgments against Storch were staggering. He was ordered to pay $2.188 million in damages to JK Entertainment, a Delaware company that had loaned him $1 million, and $750,000 to Miami Beach movie producer Matt Sinnreich for breaking a $25,000 business contract. Storch was hit with a $509,000 judgment for failing to repay Los Angeles music manager David Menefield a $100,000 home loan. The creditors garnished his royalties from Sony BMG Music.

Meanwhile, Villa Ferrari went into foreclosure. He owed more than $500,000 in back property taxes on the house. And he pawned Tiffany, his beloved $20 million yacht, on eBay for $600,000.

Read the rest here: http://www.miaminewtimes.com/2010-04-22/music/scott-storch-raked-in-hip-hop-millions-and-then-snorted-his-way-to-ruin/1

Mojo
04-22-2010, 04:00 PM
wow@ selling a $20 million yacht for $600k! Somebody got the deal of a lifetime. Cocaine's a helluva drug

The Dre Era
04-22-2010, 05:35 PM
wow@ selling a $20 million yacht for $600k! Somebody got the deal of a lifetime. Cocaine's a helluva drug
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