It’s no secret that producer and former hit-maker Scott Storch is broke. How you can go broke with millions and millions of dollars in your bank account is beyond us, but apparently doing a lot of coke (NOT the drink) and dropping dough on private planes and expensive get-a-ways did the trick for Mr. Storch. And now he’s suffering big time!

The same guy who’s made millions of dollars creating hits for Beyonce, 50 Cent, T.I., Chris Brown, Snoop Dogg and others lost his Florida mansion to SunTrust bank recently after defaulting on his loan. He had declared bankruptcy last year, but apparently that wasn’t enough and the bank decided to buy the property back at an auction last Friday (Aug 21) for $5.5 million.

Dayum…

Big time producer Scott Storch has signed on to to star in a reality show about his comeback to the music industry.

Storch, who has cooked up hits for singers like Beyonce, Chris Brown, 50 Cent, Danity Kane, etc., fell off the radar earlier this year when he missed payments on his $10 million Miami mansion, became a wanted man for owing the IRS almost $1 million in back taxes, and above all … started using cocaine.

The show will be produced by Bunim/Murray Productions (Real World, Road Rules, Project Runway, etc.). It will most likely air sometime next year.

We’re definitely excited for this. Storch has never really allowed cameras to detail exactly how his hits are made. Not to mention how interesting it will be to see if he can really make a comeback. Will you be watching when it airs?

In 2006, Scott Storch was a pretty successful producer and basically a household name. Having worked on hits for the biggest artists in the game including Beyonce, 50 Cent, T.I., Chris Brown, Christina Aguilera, Nas, Snoop Dogg and many more, his bank account was pretty loaded! But he recently revealed to MTV News how he basically threw away over $30 million in less than a year.

To make a long story short, he got addicted to drugs and stopped caring about his career. His manager Derek Jackson, who has known Storch on a personal level for nearly 20 years says his abrupt rise and fall was “historical.”

“[It was] unlike anything I’ve ever seen in my entire life,” Jackson told MTV News. “Historical! It was historical without question. … Honestly, about three years ago, he got really shady. And that’s the best term I could use. He went from what his normal vices were to suddenly becoming a person who was infatuated with the drug, and I saw it constantly.”

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You guys remember that Bentley Scott Storch leased and never returned? Turns out, Lil Kim’s ol’ scary lookin @ss is involved in all of this mess too! New reports are suggesting that the vehicle (estimated to be worth $250,000) that was repossessed from the rapper around this time last year actually belonged to Scott Storch, who was just arrested and charged with grand theft auto Friday for failing to return the leased Bentley.

The repo company figured out he had given the car to Kim so that’s why they went to her home back in May 2008 and took it back. Storch, who is currently in rehab for a drug addiction, posted an undisclosed amount of bail when he was arrested, and is required to appear in Broward County Court on May 29th. And Kim is supposed to take the witness stand!

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According to the police report, Storch began leasing a 2004 Bentley GT in February 2006 and was set to return it in March 2008. Well, here it is April 2009 and apparently, Scott Storch never turned in the vehicle! And Atlas Leasing Company, the owners of the vehicle, say they have been looking for the car for over 7 months! They said Storch failed to comply with the terms of their leasing agreement and they claim his negligence has cost the company $65,000 in revenue that could have been accruing from other potential clients who wanted to lease the Bentley.

Once he was arrested and booked, Storch posted an undisclosed amount of bail and went on his way. No word yet on a court date.

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He’s wanted for animal abuse, drug possession and theft of services charges for defrauding a local clinic of $7,500 in services back in April when he used a fake name to escape medical bills. His friends say he’s in rehab right now trying to kick his long-time drug habit.

If he doesn’t post a $120,000 cash bond by tomorrow, he’ll be extradited back to Arizona and they’ll handle him there.

Now, our question: What the hell was he doing at Scott Storch’s house?

“She didn’t have candles on the sheets. She did not smoke in the hotel room. It is completely untrue,” said her spokesperson.

C’mon, $400 bucks? That may seem a bit much to folks like me and you, but to a millionaire supermodel that’s chump change! Just pay the people so they can shut up… More headlines from your favorite celebrities when you continue reading.

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