Does Mike Sorrentino have a cash situation?

A report has claimed that Mike “The Situation” has blown $10 million.

According to the In Touch Weekly report, the Jersey Shore star has a bit of a spending problem.

“He won’t stop spending money,” an insider said.

“He’s so cocky; he thinks he can spend like an A-lister.

“No one is paying him for appearances anymore. Forget his Ferrari, he’ll be back in a crappy car before he knows it!”