But now his eyes look tired and sad and very bloodshot. In the course of a three-year Tony Montana–esque cocaine bender, Storch hoovered his way through $30 million before filing for bankruptcy and entering rehab early this year. Now 35, he’s back in the studio 10 hours a day, trying to recapture his mojo. But where he used to work with Beyoncé, Jay-Z, and Justin Timberlake, he’s now crafting beats for Gucci Mane, an up-and-coming Atlanta hip-hop artist best known for beating a murder rap in 2006. As Gucci tries to match rhymes to the music, Storch, wearing faded jeans, white sneakers, and a pink T-shirt—a Jacob the Jeweler diamond watch his lone vestige of bling—pulls a Ziploc bag of weed from his pocket and begins rolling a joint on a nearby speaker. VIA

Cash-strapped music producer Scott Storch has lost his longrunning battle to save his Florida mansion from repossession. The star hit the headlines earlier this year after he missed payments on his massive Miami, Florida home.

Storch defaulted on the 10-bedroom property last July (08), but staved off foreclosure after he was declared bankrupt.

The bankruptcy order has now been dismissed and the SunTrust Bank bought the property back at auction on Friday (21Aug09) for $5.5 million – $1.5 million less than its estimated value, according to TMZ.com

Storch, 35, who also fell behind with his child support payments, recently opened up about his financial worries, blaming his money situation on a drug habit that saw him blow his multi-million dollar fortune on cocaine.

Courtesy Of: ContactMusic