Nicolas Cage Sues Business Manager, Says He Is To Blame For Debt

October 18, 2009

US (ChattahBox) – Nicolas Cage has been in a media a lot lately, after it became clear that he is broke. But, he says, it isn’t his fault.

According to a lawsuit file this week, Cage has blamed his business manager, Samuel Levin, for several risky real estate deals that he says cost him millions of dollars.

Cage also claims that Levin did not pay taxes on several properties, leaving himj with over $6 million in IRS liens.

“Levin placed Cage in numerous highly speculative and risky real estate investments, resulting in Cage suffering catastrophic losses,” the lawsuit says.

He is suing Levin for a whopping $20 million minimum, and has sold a number of homes, including a German castle, four houses in the United States, and two English manors.

Say what you like about risky business deals, but Cage has always been known for his overly extravagant way of spending his cash. It seems a little hard to swallow that it was all his business manager’s fault.

Source


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