tag:blogger.com,1999:blog-10252076351527236302024-09-04T21:52:55.162-07:00Sungodhttp://www.blogger.com/profile/01480523309789179802noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-1025207635152723630.post-65560832124586993032009-11-03T13:47:00.000-08:002009-11-03T13:48:55.855-08:00<span style="font-weight:bold;">Nicolas Cage Broke? Say It Ain’t So</span><br /><br />Nicolas Cage broke? The actor recently filed a lawsuit accusing business manager Samuel Levin of mismanaging millions of dollars. Who is really at fault?<br /><br />nicolas-cage-pictureIt boggles the common mind to picture superstar Nicolas Cage short of funds, but a new lawsuit accuses business manager Samuel Levin of putting the actor in that very position.<br /><br />Cage reportedly owes $6.3 million in back taxes, among other debts, and alleges that his manager is guilty of, well, mismanagement.<br /><br />“(Levin) lined his pockets with several million dollars in business management fees while sending Cage down a path toward financial ruin,” the suit said, adding later: “(Cage) relied on Levin to handle his financial affairs to ensure that he and his family would have a financially secure future built on the foundation of the substantial monies Cage earned through years of hard work … He is now forced to sell major assets and investments at a significant loss and is faced with huge tax liabilities because of Levin’s incompetence, misrepresentations and recklessness.”<br /><br />Aside from the $6.3 million figure, Cage supposedly has another $350,000 in tax debt from several years ago – plus $5.5 million in unpaid mortgage and then a $2 million loan he is still trying to settle. Earlier in 2009, Cage began selling some of his expensive assets, including two homes in America and a castle in Bavaria. Of course, getting out of a money crunch may be easier for Nicolas Cage than most people. But, unlike most of us, he is facing losses of up to $20 million, according to the lawsuit.<br /><br />According to the Internet Movie Database, Cage began pulling in multi-million dollar salaries in the 1990s. This apparently began with The Rock (1996) at $4 million, followed by his famous John Travolta plastic surgery-switcheroo action thriller Face/Off the next year, at $7 million. Since then, his marquee-heavy paydays have climbed into the double digits and stayed there, movie after movie.<br /><br />Have the alleged doings of his ex-manager caused the Cage empire to crumble away? Stay tuned to see.Sungodhttp://www.blogger.com/profile/01480523309789179802noreply@blogger.com0