Formerly acclaimed hip-hop producer Scott Storch has turned to reality TV in a bid to reverse his flagging fiances.

Storch, 35, recently opened up about his financial worries, blaming his cash flow troubles on a cocaine habit that depleted his multimillion dollar fortune.

The music producer has signed a deal with Bunim/Murray Productions – the company behind MTV’s The Real World and E!’s Keeping Up With The Kardashians - that will give him his own unscripted series on an undisclosed network.

The still-untitled show will chronicle his life as a Miami, Florida party scene staple, while following his efforts to reinvent his career after his fall from grace.

“This is a monumental moment to see a producer of his caliber let the cameras into his world and see how hit records are made. A lot of people have tried to get Scott to open up the curtain to this process but have never been successful,” says executive producer David Weintraub.

In a new interview with MTV News, once acclaimed producer Scott Storch talks about how he squandered a nearly $30 million fortune on cocaine and a lavish lifestyle.

Scott says he is now on the road to recovery and back in the studio working on new music.

Bankrupt producer Scott Storch has been charged with grand theft auto in Florida after leasing a Bentley that he never returned.

The musician entered a not guilty plea in Broward County Court last Friday. It took the leasing company seven months to find the vehicle.

“We are disappointed in the decision to take a civil dispute and file it as a criminal charge,” Scott’s lawyer, Bradford M. Cohen, said in a statement. “There are many facts, that when revealed, will clearly demonstrate that there was no criminal wrong doing on behalf of my client.”

The housing crisis hits hip-hop. SunTrust Bank moved earlier this month to foreclose on the $10 million Palm Island, Miami home of cash-strapped record producer Scott Storch, according to Miami-Dade County records obtained by Page 2.1.

Scott is in default on two SunTrust mortgages worth $7.75 million for the 10-bedroom, 16-bath mansion= he hasn’t made any monthly payments for most of the year.

A Miami judge issued a warrant for Scott Storch’s arrest, The Miami Herald reports. The financially-strapped hip hop producer is facing jail time for failing to show up to a child support hearing in Miami-Dade Circuit Court.

“You are hereby commanded to take into your custody Scott Spencer Storch,” the warrant reads.

After suffering under the siege of “Going Broke” rumors for months, Scott Storch has placed his $20 million 1995 yacht for sale on E-Bay for just $600,000.

Scott Storch eBay Yacht Auction Here

According to published reports, Scott Storch, worth an estimated $17 million, can’t afford paintings, owes back property tax, and now the producer has fallen behind in his child support payments. Scott owes approximately $7,500 in back child support for his two year old son, Jalen.

TMZ reports:

According to Dalene Daniel, Storch missed last month’s payment and this month’s as well. She claims he’s been “habitually late” in paying support, even bouncing checks. And to add the ultimate insult, her bank charges her $20 when his electronic funds don’t come through.

Unpaid bills continue to pile up for producer Scott Storch. After having a painting repoed last week, the New York Post claims Scott owes back property tax to the State of Florida.

He’s now in arrears on taxes to the state of Florida. His Palm Island house in Miami is listed in tax records with past-due amounts totaling $435,602 dating back to 2006, according to a Page Six report.

Rumors that producer Scott Storch is broke continue to gain momentum as South Beach gallery owner Dmitry Prut says he recently paid a visit to Scott’s Miami mansion to get back a $7,500 painting.

“It’s a beautiful pop culture piece of a girl raising her skirt by Amir Aziz. He said he loved it, so I gave it to him, along with an invoice” Prut tells Page Six. “He had it hanging in his billiards room for four months and ignored my calls to please pay me for the piece.” But when Storch never came up with the cash, Prut says he drove over and buzzed his gate: “His security guy answered and went on about how much Scott loves it, but I said, ‘I have to pay my own bills.’ His security brought it right out to me and that was that. I returned it to my gallery.”

Rugrats lookalike Scott Storch coule be on his last leg financially. After ‘making it rain’ on Hollywood pigeonheads, like Lindsay Lohan and Paris Hilton, the hip-hop producer couldn’t even afford to buy a few bottles of bubbly during a recent night out on the town, Page Six claims.

One Florida insider told Page Six Storch’s credit cards were recently declined at a Miami club. “He’s had to pay cash for everything,” said the source. In 2006, Rolling Stone reported that Storch , who has worked with 50 Cent, Fat Joe, Christina Aguilera and Beyoncé, was worth $70 million. But by August 2007, Forbes had that number down to $17 million…. A rep for the mogul had “no comment” for Page Six.