Nicolas Cage Issued Cross Complaint

Nicolas Cage's former business manager has filed a cross complaint in Los Angeles Superior Court against the star.

Samuel J. Levin - who was branded "incompetent" by the actor over his financial advice, which Nicolas claimed has led him towards financial ruin - insists the 'Con Air' star was already in deep debt when he hired him in 2001.

In the complaint filed last week, Levin insisted Cage refused to listen to his advice, resulting in him having an unpaid tax bill believed to be around $6 million.

He said: "From the start of our Business Management Agreement he knew about his perilous financial situation and he knew he was behind on paying his taxes."

The business manager claims he "warned" the actor he needed to earn a minimum of $30 million a year to support his lavish lifestyle and agreed a string of financial objectives which included selling "more than a dozen" of his cars and his $1.6 million comic book collection.

However, following a "string of hit films", the 45-year-old actor started splashing out again and "set off on a spending binge of epic proportions" and by July 2008 Cage owned 15 homes - including two castles - four yachts, a Gulfstream jet, millions of dollars worth of jewellery and art and an island in the Bahamas.

Despite being warned to slow his spending, the actor went on to buy another 22 cars - including nine Rolls Royces - three houses, 47 pieces of artwork and exotic item purchases and 12 pieces of expensive jewellery, with Levin claiming his advice was "ignored and rebuked".

Levin was eventually fired, with the actor filing his original suit shortly after his 2008 tax return was filed.

Last week, Cage lost two of his New Orleans homes due to foreclosure auction.


Contactmusic

Tags: Nicolas Cage


Editors Recommendations

No, AC/DC Are Not Splitting Up After All. Probably.

It looks like AC/DC fans can breathe a sigh of relief, because rumors of the band’s...

No, AC/DC Are Not Splitting Up After All. Probably.

Allergic Reaction To Blame For Miley Cyrus' Cancelled Tuesday Gig

Miley Cyrus has had it rough this week, as the star has been hospitalized for a severe allergic...

Allergic Reaction To Blame For Miley Cyrus' Cancelled Tuesday Gig

'Transcendence': Negative Reviews For Johnny Depp's 'Lone Ranger' Comeback

‘Transcendence’ is a stern Springtime test for Johnny Depp; the 50-year-old actor mooted...

'Transcendence': Negative Reviews For Johnny Depp's 'Lone Ranger' Comeback

Paul Walker's Brothers Brought In By Universal To Complete Late Actor's "Fast & Furious 7" Scenes

The team behind Fast & Furious 7 has come up with a untraditional solution to finish...

Paul Walker's Brothers Brought In By Universal To Complete Late Actor's

Game of Thrones' Jack Gleeson On Joffrey, Screen Deaths And His Indefinite Retirement

Let’s get the spoiler alert out of the way first: if you haven’t seen Season 4 Episode 2...

Game of Thrones' Jack Gleeson On Joffrey, Screen Deaths And His Indefinite Retirement

Why Did Nobody Watch The 'Mad Men' Season 7 Premiere?

We're not sure what everyone was watching on Sunday night, but the season seven premiere...

Why Did Nobody Watch The 'Mad Men' Season 7 Premiere?

The Next 'Breaking Bad'? 'Fargo' Ep. 1 Is A Must-See [Video]

New television series Fargo premiered last night on FX, giving American audiences...

The Next 'Breaking Bad'? 'Fargo' Ep. 1 Is A Must-See [Video]

Lindsay Lohan's Mother, Dina, Loses Driving Licence After Pleading Guilty To DUI

A member of the Lohan family has ran into trouble with the law, yet again...

Lindsay Lohan's Mother, Dina, Loses Driving Licence After Pleading Guilty To DUI

The First 'Gone Girl' Trailer is Weird And Different To Other Trailers

“I did not kill my wife!” exclaims Ben Affleck in the first official trailer for David Fincher’s...

The First 'Gone Girl' Trailer is Weird And Different To Other Trailers


More recommendations

Comments

Nicolas Cage Newsletter

Subscribe to this news alert service to receive news and reviews on Nicolas Cage

Unsubscribe | Unsubscribe All