As we have reported in the past, grammy award winning producer Scott Storch has had money problems for some time now. After RollingStone reported that he made $70 million in 2004, his money seems to have gone away due to excess spending and poor money management. The Associated Press is reporting that Storch owes money for property taxes on his $10.5 million dollar home and has arrest warrants for several failed appearances in child-support cases.
Storch used to command $100,000 per beat, now he hasn't had a hit song crack the top 10 since 2005 and seems to be hiding out. Storch's ex, Vanessa Bellido says “I think he’s embarrassed,” continuing, “I don’t think he’s going to be right until he has his money.” Storches lawyer blames his downfall on his management, “There was some mismanagement and some other errors,” continuing “He got jammed. I don’t think he’s going down, I just think he’s having difficulty. It’s a cash flow problem.”