Nicolas Cage broke?

[marmar]

INSIDE STORY: Nicolas Cage Blames Advisor for Financial Ruin
By Brenda Rodriguez

Originally posted Sunday November 01, 2009 08:00 AM EST


How could one of Hollywood's highest paid actors find himself owing $6.3 million in back taxes and deep in money troubles? The answer is, "Easy," if you believe Nicolas Cage.

In a lawsuit filed Oct. 16 in Los Angeles, the National Treasure star, 45, claims that his longtime business manager, Samuel J. Levin, "lined his pockets with several million dollars in business management fees while sending Cage down a path toward financial ruin."

That journey began in 2001 when Cage – whose next movie is the crime drama Bad Lieutenant: Port of Call New Orleans – hired Levin to oversee his investments and finances. Levin did not return calls seeking comment. A rep for Cage had no comment.

On The Market

Though Cage claims it was only recently that he learned the gravity of his financial condition, the actor started selling off some of his prized possessions months ago. In April, Cage bid farewell to his Bavarian castle, selling it to his German advisor, lawyer Konrad Wilfurth. ........(more)

The complete piece is at: http://www.people.com/people/article/0,,20316292,00.html

[rhett o rick]

1. Join America Cage. nt

[dysfunctional press]

2. they're making a sequel to 'bad lietenant'...way cool.

although the nun rape scene in the original cleared the room on movie night faster than 'last exit to brooklyn'.

[AnnieBW]

3. National Treasure 3: National Debt

Oops, I forgot to pay taxes on all of these fabulous finds!

[dysfunctional press]

5. i sure hope that he's not counting on any residuals from 'ghost rider'...

p.U.

[dysfunctional press]

4. NOT his bavarian castle....

don't you just hate it when actors are forced to part with their trinkets due to financial mismangement?

how will i ever get to sleep tonite?

[Fire Walk With Me]

19. No joke...a Bavarian castle!?

[drm604]

6. Wait... What?

Nicolas Cage is one of Hollywood's highest paid actors? Shouldn't that honor be reserved for people who make good films?

[marmar]

7. Well, there was, umm, ....... Valley Girl !!!

And actually, Leaving Las Vegas was pretty good too.


But ConAir, National Treasure, the ghost motorcycle movie ..... Peeewwww!

[drm604]

8. I'll give you Leaving Las Vegas

but if you stick to the current century... I got nothin'.

[Common Sense Party]

11. And Raising Arizona.

Last century, but Cage was great.

[marmar]

12. I forget about Raising Arizona all the time....

....He was great, and I love Holly Hunter.

[provis99]

17. all time classic Cage movie: Wild at Heart.

Though I'm apparently the only one on the planet who likes it.

[shadowknows69]

18. Nope. I liked Laura Dern a lot too in that flick.

:evilgrin:

[Ken Burch]

10. Tell that to Adam Sandler.

n/t.

[drm604]

13. True. True. n/t

[Ken Burch]

9. He had to sell off the Bavarian castle? Man that blows!

Around here, people only do that AFTER they've sold the kids for medical research:

[mackerel]

14. Boofeckinghoo!

Tell him to sell all his cars and houses and he'll be fine.

[Ken Burch]

16. I figured the sarcasm icon wasn't necessary with the text of my post

guess I was wrong.

[Warpy]

15. It's a pretty common story, actually

and business managers have been ripping off show business and sports stars for a very long time, ever since they invented their occupations.

A lot of great entertainers have died broke, either being robbed or having their money managed badly.