(AllHipHop News) Scott Storch, the man behind the boards for hit songs by Beyoncé, 50 Cent, Fat Joe, Jadakiss, Justin Timberlake and more, is in financial trouble once again. TMZ reports the record producer has filed for bankruptcy.
According to the website, Storch blew through nearly $70 million on cars, homes, drugs, and other expenses. Court documents reportedly show the industry veteran now only has $3,600 worth of assets to his name ($100 in cash, $500 in clothing, $3000 in jewelry).
He apparently only made $10,000 in 2014, and his music businesses – Storch Music Company and Tuff Jew Productions – are valued at nothing.
Storch filed for Chapter 13 bankruptcy in 2009 as well. The 41-year-old ex-boyfriend of Lil Kim has faced several run-ins with the law and has battled drug addiction for years.