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Nicolas Cage Sues Ex-Manager Over 'Financial Ruin'

In Celebs by Jeffery James , on Monday, October 19, 2009, 5:49 AM (PDT)
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He never should've left Las Vegas.

Nicolas Cage may have found America's National Treasure, twice, but he's still struggling to pay the bills. The Academy Award-winning actor has declared he has major debt and is suing his ex-business manager for leading him "down a path of financial ruin."

Cage, 45, claims in a lawsuit that his former business manager, Samuel J. Levin, was reckless with the fortune he made and led him into financially dangerous situations. That's why Levin is getting sued for $20 million.

"Levin placed Cage in numerous highly speculative and risky real estate investments, resulting in Cage suffering catastrophic losses," the lawsuit alleges.

According to Cage's representatives, the National Treasure actor has now been forced to liquidate assets and investments, and even sell many of his properties because of huge tax debts. That includes houses in New York, Rhode Island, Las Vegas, California, a castle in Germany and a yacht.

So even though Mr. Cage appears to have more houses than I've had girlfriends, he still can't scrape together enough cash to pay his taxes. I say for his next few movies he makes a "Save Jar" and puts half his earnings in there. The rest he can blow on castles and creepy hair-dos.

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