Nicolas Cage’s former business manager is firing back at accusations claiming he drove the star to financial ruin. Samuel Levin has filed a countersuit against the Leaving Las Vegas actor, accusing Cage of squandering his own fortune.
Last month, Nicolas hit headlines after he sued Levin alleging the businessman sent him “down a path of financial ruin,” by misleading him and overcharging for his services. But Levin claims Cage is to blame for his money woes, detailing the star’s extravagant spending habits in a countersuit, obtained by TMZ.com. Read the rest of this entry »
The latest blow in Nicolas Cage’s financial battles came Thursday when two of the actor’s New Orleans homes were sold at auction, according to CNN.com.
The star of films like Leaving Las Vegas and Valley Girl already owes over $6 million in back taxes to the IRS, now Cage’s once thriving finances have been dealt a double whammy with the New Orleans homes – located in the historic French Quarter – being sold at auction on Thursday.
Regions Bank reportedly snatched up both properties for $4.5 million, a bargain on the estates, which were appraised for more than $6.8 million in total.
Last month, Cage filed suit against his allegedly “incompetent business manager,” who the star blames for driving him to financial ruin.
Nicolas Cage is having mayjah cash-flow problems, but the National Treasure star may run into a pickle proving his former manager played a hand in his demise. Cage once spent $276,000 on a 67-million-year-old dinosaur skull — that’s just one of the eyebrow-raising items Nic reportedly forked over fistfuls of cash for.
A million-dollar man no more: Despite being able to command about $20 million a movie, actor Nicolas Cage is dancing with financial ruin. The actor’s New Orleans homes, each valued at about $3.5 million, will hit the auction block on Nov. 12 to help the actor pay off the $5.5 million in unpaid mortgage debt on them, according to NOLA.com.
And to make matters worse, Nic — who lost his beloved dad to a heart attack last week — is in for more than $6 million to the IRS.
So what happened to Cage’s millions? The Valley Girl star believes his former business manager had something to do with it. Nic is suing Samuel Levin for leading him “down a path toward financial ruin,” in $20 million lawsuit filed last month.
The IRS is looking for more than $6.2 million from actor Nicolas Cage, The Detroit News reported.
According to the publication, a $6,257,005 tax lien was filed against the Knowing star’s $3.55 million New Orleans mansion on July 14 stemming from alleged unpaid income tax for 2007.
Nicolas Cage is suing actress Kathleen Turner over comments she made about him in her autobiography Send Yourself Roses. Nic has issued libel proceedings against his one-time co-star at the High Court in London. Read the rest of this entry »
