Apr 10, 2010

Nicolas Cage Broke and Foreclosures

NICOLAS CAGE BROKE — Not so good news for the actor, Nicolas Cage as he is reported by various news outlets that he’s now broke. Reports said that he owes $6.3 million in taxes “with no funds available to pay them.”
Nicolas Cage then turns the blame on his financial manager. His financial manager, Samuel Levin, CPA in turn countersuits then says that when he was hired he warned Nic Cage that he needed to earn $30 million a year just to maintain his very lavish lifestyle. Levin claims that the actor still owes him $128,872.98 in unpaid business management services.
nicolas cage broke
Nic’s lawyer, Marty Singer answered the allegations of Levin.
“Levin’s cross complaint is absurd. He was paid more than $1.3 million this last year-and-a-half. It’s ironic he’s making his claim for fees when he caused Nic to be in these financial problems while he was paid millions of dollars over the past several years to act as Nic’s financial advisor.”
Nicolas Cage is set to release 6 movies in two years, we don’t know if this will get him out of his financial problems but if ever he recovers. He would’ve learned a great lesson in all of these.

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