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Tuesday, May 26, 2009 | 9:00am

Scott Storch Burns Another: Ordered To Pay $750K in Bad Business Deal

Posted by Juan

Miami producer ran off with actor/film producer’s seed money for a company Storch never formed

Scott Storch

Yo… Who manages Scott Storch’s finances?  Does this guy balance his check book on the back of a napkin?  On the real he needs to get down with my man STAF G over at PPMG.  He’ll iron him out quick fast, (shameless plug…oh and I’m going to need a credit on that retainer brother :-) )

The latest in a laundry list of financial woes for the producer occurred late last week when he was court ordered to pay film producer Matt Sinnreich $750,000.  According to the Miami Herald which has closely documented Storch’s financial negligence , Sinnreich sued the Storch for allegedly reneging on an entrepreneurial venture the two were to launch in 2007. According to the suit, Sinnreich paid Storch $25,000 for his 25% interest in the would-be company which Storch allegedly ran away with without incorporating or returning the funds.

In true Scott Storch fashion, the producer blew off the complaint and the judge aggressively awarded Sinnreich a default judgment of $750,000 in December 2008!

My guess is the judge is sending Storch a message.  I’ve said it before and this is further proof that this dude should quickly be inducted in the Ass Hole Hall of Fame right along side George W. Bush.  Neither should have to wait the mandatory 4 year waiting period because neither gives a f*ck anyway and would blow off the induction.   

Look, anyone who would EVER go in to business or cut a deal with Scott Storch is as stupid as they come and deserves what they’ll get when he undoubtedly rips them off.   This guy doesn’t pay his mortgages on his Miami mansions, car notes on his whips or worse yet child support obligations. He’s even blown off a luminary rent-a-car company who has accused him of grand theft auto after allegedly failing to return a leased Bentley on time.  Naturally when asked about the long list of financial woes he blames it on a his  cocaine habit.  I hear a Jamie Foxx remix…the only problem is if Storch produces the track he’ll run away with that loot too.  SMH.

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Juan »
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