I believe the late Rick James said it best, “Cocaine is a helluva drug” especially since it had famed music producer Scott Storch literally blow $30 million dollars! Scott’s addiction to the illegal substance resulted in him filing for bankruptcy after spending $250,000 a month on drugs, girls and flashy cars (ie. the car he copped Lil’ Kim). Scott’s days included getting high, heading over to a car dealership to make an expensive impulsive purchase, and taking his whole crew on last-minute trips which always ended up in sex and drug binges. He tells Details magazine,

“We’d be at a club and I’d decide to take everyone to Las Vegas. Do more coke, f**k a bunch of girls. Be up for two days and decide at 11 in the morning to go buy a Rolls-Royce. I probably bought 10 cars when I was high.”

He adds,

“I was burning through about $250,000 a month, mostly on partying. I was spending money I had no business spending.”

After realizing that the “white” left him dead broke, he’s now attempting to rebuild his shattered career after following a stint in rehab earlier this year.

See kids this is why you shouldn’t do drugs!

Looks like music producer Scott Storch is really strapped for cash, so much so that he’s now HOMELESS! According to TMZ, Scott’s sprawling Miami mansion has been repossessed. You really can’t feel sorry for the guy ’cause he knew it was coming since he failed to make payments on the home earlier this year. Last July, the producer who’s the ex-boyfriend of pint-sized rapper Lil Kim defaulted on the property, but it was saved from going into foreclosure after he filed for bankruptcy. Well, the bankruptcy order has now been dismissed and Sun Trust Bank bought the property back at auction last Friday for $5.5. million, which is $1.5 million less than its estimated value.

Cocaine is definitely one helluva of a drug!