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Recommend Nic Cage Sues Ex-Business Manager for Bad Advice (Email)

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I had been wondering about Nic Cage's financial woes for a while. Perhaps you've read some of this stuff about Cage needing money so he sells some houses or whatever. How is that possible, you might ask. Wasn't Cage part of the $20 million club for a while?

Well it turns out he's not just a victim of bad hair plugs; Cage on Friday sued his former business manager Samuel J. Levin for twenty million bucks claiming he was given bad advice...for seven years. According to Variety, Cage asserts in his suit that he relied on Levin's advice and that it wasn't until he hired new management that he had any inkling that he was in dire financial straits.

So says the suit:

"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."

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