| Log In | Register Now
Actor Nicholas Cage is facing "catastrophic losses" of more than $20 million due to several tax liens and unpaid loans for which he blames his financial manager, People Magazine reported.
Cage is blaming his business manager Samuel J. Levin for putting him into "financial ruin," the actor said in a lawsuit filed on October 16, according to People Magazine. He says Levin was incompetent, misrepresented him and was reckless.
The U.S. government placed a tax lien on Cage's real estate holdings. The Internal Revenue Service placed another lien on his properties for more than $350,000 in unpaid taxes. He also has to repay a $2 million loan from the East West Bank, according to People.
Cage has reportedly sold properties and is auctioning more homes this month.
Antonio Valencia is ‘a Better Team Player’ Than Cristiano Ronaldo Claims Pundit
Dad Shoots Laptop Video Goes Viral on YouTube After Daughter’s Facebook Rant [VIDEO]
Boeing Dreamliner Hurdles New Production Hiccup, Flags Higher Output by 2014
Boeing Dreamliner Hurdles New Production Hiccup, Flags Higher Output by 2014
Top 5 Siri Alternatives for Your iPhone and Other Smartphones
Shocking Costa Concordia Video Shows Dithering Captain Schettino on the Bridge Sinking Cruise Liner [VIDEO]
Elder Scrolls V: Skyrim – Top 5 Improvements that Might Arrive as DLC
Free Edition
TAKE A TOURWe value your privacy. Your email address will not be shared.
