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Nicolas Cage Blames Business Manager for Financial RuinPosted: October 18th, 2009 by WorstPreviews.com Staff
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Nicolas Cage owes the IRS over $6 million and to gather the cash, he has been selling most of his houses. In addition, Cage has been taking more movie roles than he ever has, some of which being less than desirable.
Now, Variety is reporting that part of the reason why Cage is going through such difficult times may have something to do with his former business manager, Samuel Levin. Cage is now suing Levin for $20 million, claiming bad advice and mismanagement led him toward financial ruin.
"Instead of protecting and preserving Cage's wealth during one of the greatest economic periods in the country's history, Levin placed Cage in numerous highly speculative and risky real estate investments, resulting in Cage suffering catastrophic losses," the lawsuit states.
Levin served as Cage's business manager from 2001 to 2008 and collected millions of dollars in management fees. Cage relied on Levin's statements and advice and couldn't have known about the financial trouble he was facing until after he hired new management, according to the lawsuit.
Source: Variety
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Displaying 26 comment(s) |
Profanity: Turn On |
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rocketman writes:
on October 18th, 2009 at 6:21:46 AM
Thing with advice is that you DON'T have to take it.
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michelerena writes:
on October 18th, 2009 at 8:01:14 AM
Oh come on now. Most of America doesn't have business managers. You do not have to take someone elses advice and you certainly don't tell them to just go ahead and make decisions for you. You always look into them first. Maybe he should start by blaming himself for his own lack of responsibilities in managing his affairs.
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The Dini writes:
on October 18th, 2009 at 8:16:57 AM
Dosent he own like 2 CASTLES?? Dude makes like 30 Million per picture! Were lucky if we have enough at the end of the week for a god damn 10 piece McNuggets Value Meal! f*cking rich hollywood *ssholes
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johnny_boy writes:
on October 18th, 2009 at 8:43:01 AM
did his manager really screw him over that bad that he cant come up with 6 million dollars with no prob? i can see if it was like 50 million dollars,he'd have to sell his sh*t or whatever. as big as an actor as he is,he should know that he failed if he cant pay a 6 million dollar debt when actors these days are highly paid.
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The Skippy Spartan writes:
on October 18th, 2009 at 9:29:03 AM
Personally Mr.Cage.....I would blame them f*cking bees. "NOOOOO!!! NOT THE BEES!!! ARGHHHH!"
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scarface85 writes:
on October 18th, 2009 at 10:35:43 AM
what now? y ahora que?
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lost_addict writes:
on October 18th, 2009 at 10:51:33 AM
wow...he used to have real hair at some point in history...
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otis writes:
on October 18th, 2009 at 11:52:01 AM
If I could have sued Cage for every terrible movie he's done after Adaptation, I'd have enough money to be the person buying his houses.
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fadeddragon2469 writes:
on October 18th, 2009 at 12:28:17 PM
I'm sorry but Cage is a douchebag. f*ck him. What great economic period are we in by the way? Are these lawyers f*cking retarded? Everyone's money is going to sh*t so f*cking you Nick, deal with it. Just go make some more sh*tty movies the masses will flock to and you'll be fine. Just learn to save this time...
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rabid writes:
on October 18th, 2009 at 12:43:22 PM
Tighten yer belt and go make a movie, Nic Cage.
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oklahomaer writes:
on October 18th, 2009 at 1:34:33 PM
Cage has been taking more movie roles than he ever has, some of which being less than desirable.
Well i guess this means he can make some movies with hasselhoff and the washed up val kilmer.
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rabid writes:
on October 18th, 2009 at 2:35:38 PM
yeah, how did Val Kilmer wash out like he did? That guy has the worst agent ever!
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Supersweetguy writes:
on October 18th, 2009 at 3:31:34 PM
to fadeddragon2469:
I dont want to sound negative, but before we judge other people, lets give them the benefit of the doubt. I am not siding with Mr. Cage but it's really bad to judge him.
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CCBlev writes:
on October 18th, 2009 at 3:44:21 PM
Ok he blames the business manager for that, but whos he gonna blame for The Wicker Man sh*tty remake
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Ranger writes:
on October 18th, 2009 at 4:05:27 PM
@Supersweetguy - good post. But your decision to not judge Cage is even a judgment on your part.
Nick... you hired this guy. If you were stupid enough (because you were Mr. Big Shot Hollywood) and gave him 'signing authority'... then YOU did that.
YOU hired him.
YOU should watch your money, because NO ONE cares more about your money than YOU do (supposedly).
Stop passing the buck. You f*cked up. Now you're learning. Grow up. Get back to work. And take it on the chin like a man and TAKE SOME f*ckING RESPONSIBILITY!
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mrdeeds2000 writes:
on October 18th, 2009 at 4:41:23 PM
Really, Boo f*cking Hoo.
Serves the d*ckwad right
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MYVAGHURTZ writes:
on October 18th, 2009 at 4:53:42 PM
Serves him right for changing his name from Coppola to Cage. Everyone knows you don't f*ck with a Coppola's money. And I wonder if his career would have gone a different direction if he kept his name Nicholas Coppola.
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Scrooge McDuck writes:
on October 18th, 2009 at 5:10:57 PM
AAAWWWWWWW, you're selling most of your houses? You pooor baaby. f*ck you.
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Ranger writes:
on October 18th, 2009 at 7:17:08 PM
@Scrooge - lol.
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acslaterson writes:
on October 18th, 2009 at 10:28:45 PM
Here is a thought, don't waste your money by buying a castle in Germany you jackass. Haha, I can't wait to see "Kick Ass" and I hope he has at least a couple movies that turn out well for him.
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bacci40 writes:
on October 19th, 2009 at 2:23:36 PM
you guys are all f*cktard idiots
very few people who make the amount of money that cage does, handle their own finances
i know that people who work at burger king wouldnt understand that
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Ranger writes:
on October 19th, 2009 at 2:59:10 PM
And now Nick is in financial ruin. Who is the idiot?
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Ranger writes:
on October 19th, 2009 at 3:11:31 PM
Another fault of Nick here is trying to pass the blame here. He HIRED this guy. END of story. NICK and everyone else are ULTIMATELY responsible for EVERY aspect of their life.
f*cking excuse makers is all these people are.
And what amount of money does one need before they start to hand off such responsibility? It seems in this case the more one has the MORE they should take interest as to where it goes.
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LastActionHero writes:
on October 21st, 2009 at 10:00:26 AM
I blame him for being a horrible actor.
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Ranger writes:
on October 21st, 2009 at 12:31:56 PM
Nick will probably blame someone else for that too.
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seveltoto writes:
on November 11th, 2017 at 5:17:56 AM
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