'Mr. Arab' Adam Sabbagh -- BANKRUPT ... Beverly Hills Socialite $200K In Debt
'Mr. Arab'BANKRUPTBev. Hills Socialite $200K In Debt
7/6/2014 12:30 AM PT
The high-falutin' lifestyle of Beverly Hills socialite Adam Sabbagh just came crashing down to earth -- because the dude who was once flush enough to buy David Beckham's Porsche ... just went belly up.
Sabbagh filed bankruptcy docs -- obtained by TMZ -- showing he has more than $200K in debts, and only about $4K worth of assets.