Nicolas Cage is reportedly broke. Cage, the A-list actor who’s earned millions upon millions starring in blockbuster movies, is blaming the sheisty financial advising of his longtime business manager, Samuel J. Levin. Levin, he claims, conned him out of millions.
more Nicolas after the hop…
People.com reports that Cage is guilty of not paying about $6 million in taxes from 2007. In addition, the Internal Revenue Service has another lien for more than $350,000 in unpaid taxes dating from 2002 to 2004. Yikes.
Nicolas Cage is suing his former business manager for $20 million for “Financial Ruin”. Cage claims that bad advice and mismanagement given by Samuel J. Levin and his firm led him toward financial ruin.
Cage, 45 pictured with his young wife, Alice Kim on the red carpet
As reports by Huffington news:
“Instead of protecting and preserving Cage’s wealth during one of the greatest economic periods in the country’s history, Levin placed Cage in numerous highly speculative and risky real estate investments, resulting in Cage suffering catastrophic losses,” the lawsuit states. Levin served as Cage’s business manager from 2001 to 2008 and collected millions of dollars in management fees, court documents state.
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