All posts containing the tag: "NicCage"
Posted Mar 10th 2010 6:58PM by TMZ Staff
Nicolas Cage is getting sued for giving up a taste of the good life -- too early. Translation ... he allegedly broke the lease on two pricey Rolls Royce classics.
Cage signed a 60-month lease agreement for a sweet 1964 Rolls Royce SCIII back in 2007. The monthly lease payment -- a cool $7,663.02. The ride was valued at $550,000.
But one Rolls is not how Nic rolled. Four months after leasing the '64, Nic leased a 2002 Rolls Royce Corniche. Again -- a 60-month lease with payments of $3,630.71. The car was worth $245,000.
In 2009, as Nic faced financial ruin -- he says because of a reckless financial manager -- Nic turned in both cars. The problem ... the lease wasn't over and the leasing company had to sell both cars.
So the leasing company is now suing Nic for the money they lost by selling the car wholesale. The company wants $104,490.68 for the '64 Rolls, and $137,077.06 for the '02.
We're told Nic's people are in the process of negotiating a settlement with the leasing company.
Filed under: Celebrity Justice, Exclusives
Tags: lease, leasing company, LeasingCompany, nic cage, NicCage, nicholas cage, NicholasCage, reposessed, rolls, rolls royce, RollsRoyce
Posted Feb 27th 2010 12:45AM by TMZ Staff
Nic Cage's ex-business manager is caught up in a lawsuit between Nic and his baby mama -- and he wants out.
According to documents filed this week in Los Angeles Superior Court, Sam Levin -- who himself is involved in a lawsuit with Cage -- claims Christina Fulton's allegations against him hold no merit. In essence, she's blaming Levin for Cage's financial problems -- but since Levin never worked for Fulton, her claims against Levin just don't hold up.
Fulton claims she suffered nearly $13 million in damages. Cage and Levin are involved in a bitter suit over Cage's financial ruin.
Filed under: Celebrity Justice, Exclusives
Tags: breach of contract, BreachOfContract, christina fulton, ChristinaFulton, claim, fraud, lawsuit, nic cage, NicCage, samuel levin, SamuelLevin
Posted Feb 25th 2010 12:05PM by TMZ Staff
He may owe the government $13 million in back taxes, but Nicolas Cage managed to scrounge up enough cash to take his adorable son Kal-El to Disneyland on Wednesday.
After having to sell a bunch of his homes, it really is a small world for the 46-year-old.
Filed under: Paparazzi Photo
Tags: Disneyland, Kal-El, mickey mouse, MickeyMouse, Nic Cage, NicCage, photo
Posted Jan 25th 2010 4:10PM by TMZ Staff
Nicolas Cage's foreclosed Las Vegas mansion has finally been sold -- for nearly $3.5 million less than the actor paid for it in 2006.
According to the broker, Cage purchased the 14,306 sq. ft. Las Vegas home for $8.5 million back in 2006 -- which was foreclosed on in November of '09.
The home was repo'd by the bank -- and now the broker, Kenneth Lowman says the home has been sold for $4.95 million.
FYI -- the home has 6 bedrooms, 7.5 bath, a 16-car subterranean garage, an elevator and theater room.
Cage -- who has described his financial situation as "catastrophic" -- claims he's the victim of a reckless financial manager. The manager counters it was cage who was a reckless spender.
The actor still owes roughly $13 mil to Uncle Sam in unpaid back taxes.
Filed under: Celebrity Justice
Tags: foreclosed, home, irs, las vegas, LasVegas, nic cage, NicCage, nicolas cage, NicolasCage, taxes
Posted Jan 25th 2010 6:50AM by TMZ Staff
Nic Cage is back to work on a new movie in New Orleans, which is good considering he's got that $14 million tax debt hanging over his head.
Uncle Sam doesn't like to wait for his money.
Filed under: Paparazzi Photo
Tags: debt, federal, lien, new orleans, NewOrleans, nic cage, NicCage, nicolas, taxes
Posted Jan 19th 2010 2:10AM by TMZ Staff
It appears Brooke Shields has a little something in common with Nic Cage -- the actress is accused of stiffing the IRS out of more than $10,000.
According to a federal tax lien filed on December 31, 2009 -- the same day Uncle Sam smacked Cage for $6 mil -- Shields and her husband Christopher Henchy owe $4391.70 in unpaid taxes from 2004 and $5932.50 from 2005.
It's unclear as to why it took the government 4 years to clamp down on the couple.
FYI -- In 2005, Shields had a lot on her mind -- that was the year she got into a major media war with Tom Cruise over the use of psychiatric drugs.
Filed under: Celebrity Justice, Exclusives
Tags: brooke shields, BrookeShields, chris henchy, ChrisHenchy, irs, lien, nic cage, NicCage, tax
Posted Jan 16th 2010 12:20AM by TMZ Staff
Nicolas Cage got an expensive New Year's gift from Uncle Sam -- a bill for $6.7 million in MORE allegedly unpaid back taxes.
According to a federal tax lien filed on December 31, 2009 -- Cage owes $6,712,821.99 in unpaid taxes for 2008.
According to Sam Levin, Cage's former financial manager -- who's in a legal war with Nic over the massive financial collapse -- by 2008, the actor had "15 palatial homes around the world, four yachts, a Gulfstream jet and millions of dollars in jewelry and art." Cage claims Levin was incompetent and underhanded and sunk Cage's financial ship.
As TMZ first reported,Cage is on the hook for $6,617,550.84 he owed for debts in 2002, 2003, 2004 and 2007 -- making his new grand total $13,330,372.83.
It's unclear on how Cage will pay up -- due to the fact that Nic has described his own financial state as "catastrophic."
UPDATE: Nicolas Cage just gave TMZ the following statement: "Over the course of my career I have paid at least $70 million in taxes. Unfortunately, due to a recent legal situation, another approximate $14 million is owed to the IRS, however, I am under new business management and am happy to say that I am current for 2009. All taxes will be paid including any to be determined state taxes."
Filed under: Celebrity Justice, Exclusives
Tags: nic cage, NicCage, nicolas cage, NicolasCage, tax lien, TaxLien, uncle sam, UncleSam
Posted Dec 24th 2009 12:25PM by TMZ Staff
The stand-in-line-to-sue-Nicolas-Cage saga has just deepened -- Nic's being sued again for allegedly stiffing someone over a loan.
According to a lawsuit obtained by TMZ, Red Curb Investments loaned Cage $3.5 million for a real estate deal back in July, 2007. In return, Nic agreed to pay $29,166.67 a month, which includes 10% interest.
The suit goes into a lot of detail over how repayment was structured, but bottom line, Red Curb claims Nic owes a balloon payment of $1,850,269.67. But that's not all Red Curb is after.
Red Curb says Nic committed fraud and wants an additional $15 million. The fraud, according to the suit, is that Nic never disclosed he was deeply in debt to the IRS and needed the money to pay back taxes.
And there are millions more Red Curb wants to collect from Cage and co-defendant Samuel Levin, who incidentally Cage is suing. Cage claims Levin, his former business manager, is the reason he's gone belly up.
Cage's lawyer, legal pit bull Marty Singer, says, "Any claim that our client engaged in any fraudulent conduct is ridiculous."
UPDATE: The fraud allegation is against Levin, not Cage. Cage is being sued for not repaying the loan.
Filed under: Celebrity Justice, Exclusives
Tags: celebrity property, CelebrityProperty, court, fraud, home, irs, lawsuit, nic cage, NicCage, nicholas cage, NicholasCage, property, samuel levin, SamuelLevin, taxes
Posted Dec 8th 2009 5:38PM by TMZ Staff
Nicolas Cage's baby mama is suing him ... claiming the actor booted her out of her home. And, in what appears to be a gratuitous shot at Cage, Christina Fulton claims he inflicted her with "mental, physical and emotional abuse" during their relationship which ended 15 years ago -- though she never explains what he did.
According to the suit, filed today in L.A. County Superior Court, Fulton claims in 2001, Cage bought a house for her in the L.A. area and promised he would sign over the title.
Fulton claims this year, she planned to sell the home and realized Cage had never transferred title.
Fulton says in September, she was served with a 60-day notice to vacate the premises.
Fulton is also suing Cage's business manager, Sam Levin. She can join the crowd -- Cage is also suing him, claiming Levin is the reason he went broke.
Fulton claims the reason Cage promised to provide for her is because she gave up her acting career to take care of their child, Weston.
She says in the lawsuit, "Cage, due to his personal choice and lifestyle, was not exercising his joint physical and custody rights." She also claims as soon as Weston turned 18, he "removed" Weston from the home.
Fulton also claims she's in the hole for more than a million dollars in taxes because Levin didn't take care of the liability.
She says, in all, she's suffered damages to the tune of more than $13 million.
Fulton never describes the alleged "mental, physical and emotional abuse" that she mentions in the lawsuit.
Cage's lawyer, Marty Singer, tells TMZ, "The lawsuit is an absurd claim. All of these claims are long-time barred by the statute of limitations and are baseless."
Singer also says, even though Nic was only required to pay Fulton $6,000 a month in support, over the last few years he gave her around $3 mil each year.
Filed under: Celebrity Justice, Exclusives
Tags: abuse, broke, christina fulton, ChristinaFulton, lawsuit, marty singer, MartySinger, nic cage, NicCage, nicolas cage, NicolasCage, physical abuse, PhysicalAbuse, sam levin, SamLevin, weston, weston cage, WestonCage
Posted Nov 17th 2009 1:18PM by TMZ Staff
The guy Nic Cage blamed for his financial ruin now claims by the time Nic hired him in 2001, "Coppola [Cage] had already squandered tens of millions of dollars... and owed millions of dollars in... income taxes, with no funds available to pay the tax debt."
In his countersuit obtained by TMZ, Samuel Levin, CPA, says when he was hired he warned Nic he needed to earn $30 mil a year just to maintain his lavish lifestyle.
As for the alleged lavish lifestyle ... Levin cites the year 2007, in which Cage bought 3 homes totaling more than $33 mil, 22 cars (including 9 Rolls Royces), 12 pieces of expensive jewelry and 47 pieces of art.
And Levin says, Cage spent most of his free time "shopping for high-ticket purchases," including 15 homes, a Gulfstream jet, and a flotilla of yachts.
And there's this: Cage "also spent huge sums taking his sizable entourage on costly vacations and threw enormous, Gatsby-scale parties at his residences."
The countersuit goes on: "The pinnacle of [Cage's] spending spree came with his Quixotic acquisitions of Midford Castle in England and Schloss Neidstein Castle in Bavaria." Levin claims he warned Cage the castles were "decrepit" and needed a king's ransom just to make them habitable.
Levin claims Cage owes him $128,872.98 in unpaid business management services.
UPDATE Nic's lawyer, Marty Singer, tells TMZ, "Levin's cross complaint is absurd. He was paid more than $1.3 million this last year-and-a-half. It's ironic he's making his claim for fees when he caused Nic to be in these financial problems while he was paid millions of dollars over the past several years to act as Nic's financial advisor."
Filed under: Celebrity Justice, Exclusives
Tags: 20 million, 20Million, broke, business manager, BusinessManager, coppola, financial ruin, FinancialRuin, nic cage, NicCage, nicholas cage, NicholasCage, samuel levin, SamuelLevin
Posted Nov 13th 2009 4:30PM by TMZ Staff
Harvey and Mike answered your questions on anything this Friday the 13th -- including breaking news about DJ AM's wrongful death suit, the potential prison time Michael Lohan faces for releasing those phone calls and Cindy Crawford's German extortionist.
Plus: The Heenes' day in court, Nic Cage's status as "rich poor" and Mike's pledge to lose weight!
Filed under: TMZ Live
Tags: Carrie Prejean, CarriePrejean, Cindy Crawford, CindyCrawford, DJ AM, DjAm, Mayumi Heene, MayumiHeene, Michael Jackson, Michael Lohan, MichaelJackson, MichaelLohan, Nic Cage, NicCage, Richard Heene, RichardHeene, weight
Posted Nov 13th 2009 12:30PM by TMZ Staff
Just hours after Nic Cage's foreclosed New Orleans home was sold at a public auction, movers wasted no time clearing out all the leftover junk yesterday.
No word on where the movers ended up taking all the crap -- which included carpets, tons of boxes and a giant stained glass window.
Nic -- who's suing his former business manager for blowing his fortune and leaving him dead broke -- wasn't around for the move.
Filed under: Paparazzi Photo
Tags: forclosure, moving, Nic Cage, NicCage, public auction, PublicAuction, tax evasion, TaxEvasion
Posted Nov 12th 2009 1:20PM by TMZ Staff
The number of homes Nic Cage owns is receding faster than his ... anyway ... because today, two of his homes in New Orleans are going up on the auction block.
According to public records, Cage failed to pay the mortgage debts on two multi-million dollar properties -- and the bank eventually foreclosed.
The two homes were each estimated to be worth more than $3 million -- but as we all know, Nic is dead broke and couldn't pay his bills.
One of the homes, the LaLaurie mansion, is rumored to be haunted -- it'll definitely haunt Cage.
Tags: auction, haunted, home, house, mansion, nic cage, NicCage, sell
Posted Oct 16th 2009 11:42AM by TMZ Staff
Nicolas Cage, who has made untold millions over a long career, says his business manager has sent him "down a path toward financial ruin" and he wants $20 million minimum to repair the damage.
TMZ has obtained a copy of a lawsuit, filed in L.A. County Superior Court, in which Cage claims Samuel Levin -- his business manager -- was so reckless and incompetent with his money, that he has now been forced to sell off major assets and investments and is faced with gigantic tax liabilities.
In the lawsuit, Cage -- who according to Forbes earned $40 mil between June 2008 and June 2009 -- claims over a period of seven years, "Levin placed Cage in numerous highly speculative and risky real estate investments, resulting in Cage suffering catastrophic losses."
Cage also claims Levin failed to pay taxes when they were due. As TMZ first reported, the IRS has filed liens against the actor for more than $6 million in back taxes.
Cage claims it was only this year, after firing Levin, he learned "the gravity of his financial condition."
In the lawsuit, filed by legal pit bull Marty Singer, Cage claims Levin never advised him of his financial bottom line and is guilty of "over-extending [Cage's] line of credit with banks and financial institutions." The suit claims Levin concealed Cage's "true financial condition prior to investments and assets being acquired by [Cage]." Translation -- Levin never told Cage to put the brakes on buying stuff because he was running out of money.
And, for bad measure, Cage claims he paid Levin millions and was "grossly" overcharged for his services.
Cage is suing for a minimum of $20 million.
Filed under: Celebrity Justice, Exclusives
Tags: busienss manager, BusienssManager, celebrity, celebrity gossip, CelebrityGossip, debt, financial ruin, FinancialRuin, gossip, lawsuit, nic, nic cage, NicCage, nicholas cage, NicholasCage, sam levin, SamLevin, samuel levin, SamuelLevin, taxes
Posted Oct 16th 2009 10:55AM by TMZ Staff
Why is Nic Cage in such deep trouble??? The person Nic's suing has tried to explain Cage's financial troubles before...
Last year, the IRS put the screws to Cage after they discovered the actor tried to write off $3.3. million in personal expenses as business expenses from 2002 to 2004 -- things like limo rides, meals, gifts and Cage's private jet.
Cage's business manager, Samuel J. Levin tried to explain the situation to Forbes, telling them Nic's tax moves were "customary in the entertainment industry" -- the IRS didn't see it that way.
Ultimately, Uncle Sam forced Cage to hand over $660,000 in back taxes and penalties.
But now, Cage has an even bigger financial mess on his hands -- accusing Levin of being so reckless and incompetent with his money, that he's been forced "down a path of financial ruin."
And this time it's Nic who's doing something "customary in the entertainment industry" -- he's hired power lawyer Marty Singer to sue Levin's pants off.
Filed under: Celebrity Justice
Tags: forbes, history, nic cage, NicCage, samuel j. levin, SamuelJ.Levin, tax
