Tuesday, November 3, 2009

Nicolas Cage bankruptcy


- Oscar-winning actor Nicolas Cage is suing his former business manager for the financial losses & leaving him on the brink of financial ruin.


The 45-year-old is claiming more than $19 million damages, claiming he suffered catastrophic losses because of Samuel Levin’s dud investment decisions, reported thesun.co.uk.

Cage has filed a lawsuit in Los Angeles accusing Levin of gross mismanagement and lining his pockets at the actor’s expense.

Cage has to pay more than $5 million in tax and is being sued over a $2 million credit deal.

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