Lots of times when reality stars brag about their luxury lifestyles and outrageous spending habits they come with some background stories that aren’t so pleasant. They’re usually lying about it or exaggerating to say the least. Well, everyone thought that was the case with Larsa Pippen on Bravo‘s very short lived Real Housewives of Miami. Over the years there have been reports that Scotty Pippen is broke and had filed for bankruptcy. Many media outlets hopped on the bandwagon and said he was both bankrupt and had been mismanaging his money. Well, he’s not too happy about that at all. In fact, he’s suing each of them for $1 million each. His lawsuit states, “Scottie never filed bankruptcy and indeed has a substantial net worth, which has not been less than approximately $40,000,000 in the last ten years.” 40 million dollars is far from broke. I’m not sure where these media outlets got their information, but Arizona State University’s publication, CBSSPORTS.com and CNBC.com better all watch their backs because he’s coming for YOU, YOU, and YOU!