Nicolas Cage Is Broke, Bankrupt, Poor! (Photos)
Actor Nicolas Cage might be one of the highest paid actors in Hollywood but he is currently facing major financial problems, owing $6.3 million in back taxes, after being ripped off millions of dollars by his longtime business manager, Samuel J. Levin.
According to a lawsuit filed on October 16, Levin “lined his [own] pockets with several million dollars in business management fees while sending Cage down a path toward financial ruin.”
Cage says he “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,” the lawsuit alleges.
You can’t really trust anyone these days, especially when you have too much money! Levin started working for the actor back in 2001, but Nicolas claimed he only recently learned how bad is financial situation was and has already started selling several properties.
Nicolas Cage Pictures Below
[images: wenn.com]
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Posted under Celebrities, Nicolas Cage
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I’m honest as the day is long. Not a yes man. Will tell you the truth if your too fat or ugly. Any rich people want to hire me as their business manager? Mutual funds, properties and only profitable businesses is what I specialize in. Oh, I will also make sure your taxes are paid. Let’s do lunch.
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[...] Nicolas Cage Is Broke, Bankrupt, Poor! (Photos) [...]