Somebody’s getting sued BIG TIME!
Nicolas Cage is suing his former business manager Samuel Levin for at least $20 million to repair his life of “financial ruin.”
Apparently Levin screwed Cage over majorly with “highly speculative and risky real estate investments, resulting in…catastrophic losses” as well as not paying his taxes on time.
Consequently Cage has had to sell major assets and investments as well as now being in a HUGE hole with the tax man.
Remember, Cage owes the IRS $6 million in back taxes!
Furthermore Levin wasn’t truthful about the finances available to Cage and never told him to reel it in when it was absolutely necessary. You know, when he was running out of money!!!
On top of all this Cage was paying Levin a salary of millions!
When it comes to cash, you really need to be careful who you trust.
And always check the books!
[Image via WENN.]
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