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Nicolas Cage sues business manager for $20 million



Nicolas Cage
has a big problem with his business manager, filing a lawsuit seeking at least $20 million for leading him "down a path toward financial ruin." No, we think remaking Wicker Man contributed to that. But he's got to pay off that $6.2 million in back taxes somehow.

Cage says Samuel Levin has mismanaged hi money so badly, he's had to sell off major assets and is in big trouble financially, despite earning something like $40 million last year, TMZ reports. "Levin placed Cage in numerous highly speculative and risky real estate investments, resulting in Cage suffering catastrophic losses" over the last seven years, the suit says.

The suit also claims that Levin overextended Cage's lines of credit and never told the actor how bad things were getting, allowing cage to dig himself deeper and deeper into the hole. The cherry on top is that Nic says Levin overcharged him for services during that time. Plus, he made him do Ghost Rider, for which we all should be suing.

[Photo: Getty Images]


[Last modified: Tuesday, May 25, 2010 11:01am]


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