Jan 062010
 

Actor Nicolas Cage owes roughly $128,000 in unpaid taxes on a mansion in Rhode Island.

Lynne Dible, finance director for the town of Middletown, says Cage is delinquent on property taxes from the last three quarters.

The Oscar-winning actor sued his former business manager in October for $20 million, claiming the man’s advice led him toward financial ruin. Records show Cage owes millions of dollars in unpaid taxes to the IRS, and the actor says he’s had to sell numerous assets because of his finances.

Cage’s ex-business manager, Samuel J. Levin, has countersued, saying Cage’s lavish spending is to blame.

Cage’s attorney did not immediately return a call seeking comment. The Rhode Island home is on the market for $12 million.

Dec 252009
 

The star, who’s been accused by the IRS of failing to pay more than $6.2 million in back taxes and who in turn filed a multimillion-dollar suit against his business manager, is now being sued for $15 million by Red Curb Investments for allegedly failing to pay back a $3.5 million loan and for failing to disclose that he owed money to the IRS.

Cage’s lawyer said: “Any claim that our client engaged in any fraudulent conduct is ridiculous.” Red Curb could not be reached.

(source)

Dec 142009
 

Lionsgate is excited to announce the exclusive premiere of a brand new KICK-ASS Character featuring Nicolas Cage as Big Daddy on UGO!

Check out the exclusive clip:

Official Site: http://kickass-themovie.com/

Big Daddy Facebook Fan Page: http://www.facebook.com/BigDaddy

Red Mist Facebook Fan Page: http://www.facebook.com/redmist

Kick-Ass Facebook Fan Page: http://www.facebook.com/kickass

Follow Kick-Ass on Twitter: http://twitter.com/lionsgateHorror

Dec 092009
 

Nicolas Cage’s ex-girlfriend is suing the actor and his former business manager, claiming she is owed more than $13 million and a house the actor promised her.

Christina Fulton, who is the mother of Cage’s adult son, Weston, sued the Oscar-winner in Los Angeles on Tuesday. She claims Cage promised her a home in Los Angeles’ Hancock Park neighborhood, but that she has now been ordered to leave the property.

Fulton is seeking the title and rights to the house as well as money for a series of debts she claims were caused by Cage’s former business manager, Samuel J. Levin.

Cage’s attorney, Marty Singer, called Fulton’s claims against the actor absurd and said Cage has given her far more than the $6,000 per month he was required to pay her under a court order. Cage has paid $3 million per year on behalf of Fulton in recent years, he said.

“From Nic’s standpoint, this is really a case of ‘No good deed goes unpunished,’” Singer said.

He noted that many of the claims are leveled against Levin, whose attorney, Joseph Schleimer, did not respond to a phone message seeking comment on Wednesday.

Fulton’s lawsuit is the latest in a string of financial woes for Cage, who stated in a $20 million lawsuit against Levin that he is being forced to sell properties around the world to make up for financial mismanagement. The Internal Revenue Service has filed more than $6.6 million in tax liens against the actor this year, records show.

Levin has countersued Cage, claiming the star owes him money and failed to heed his advice to curb his lavish spending habits.

Fulton and Cage’s son was born in 1990, and the couple split about four years later, her lawsuit states.

Cage bought her a home in 2001 and told her she would own the title to the property, according to the lawsuit. It wasn’t until earlier this year – when the actor told her in an e-mail that she should sell the home if she was having financial problems – that Fulton states she discovered her name wasn’t on the title.

Foreclosure proceedings have begun on the home.

Fulton accuses Levin of failing to properly review credit statements and spot fraudulent charges. She also accused the accountant of exposing her to other debts, including a $1 million in government liens.

Public records show Levin has been a licensed certified public accountant in California for nearly 25 years and has no public record of disciplinary actions.

Cage is known for his dramatic roles in films such as “Leaving Las Vegas” and “Adaptation” as well as action turns in “The Rock” and “Con Air.”

Dec 092009
 

Financially beleaguered Nicolas Cage already owes $6.3 million in back taxes and has begun selling off his homes and yachts.

Now Christina Fulton, mother of Cage’s son, Weston, 18, is suing the star for $13 million, claiming he promised to pay off her $250,000 credit-card debt.

She also claimed that Cage provided her and their son with an LA home, but she has now been hit by an eviction notice, and owes the IRS more than $1 million.

She blames Cage for it. Cage says he faces financial ruin after a former accountant allegedly duped him. The accountant has countersued, claiming Cage’s problems are due to his “compulsive, self-destructive spending.”

(source)

Dec 052009
 

Nicolas Cage has won a U.N. award night for his humanitarian work and has been appointed a goodwill ambassador for the U.N. Office on Drugs and Crime.

Secretary-General Ban Ki-moon presented the actor and filmmaker with the U.N. Correspondents Association’s Global Citizen of the Year award for humanitarian endeavors.

Cage said his role will be “to shine a spotlight on the need for global justice.”

The Amnesty International advocate has donated $2 million to establish a fund to help former child soldiers and led a campaign around his film, “Lord of War,” to raise awareness about international arms control.

The secretary-general also presented a Global Citizen of the Year award to William Roedy, chairman of MTV Networks International, for his work to combat HIV and AIDS.

Nov 022009
 

Nicolas Cage won’t attend the New York screening of his remake of “Bad Lieutenant” after the death of his father, August Coppola. Cage canceled his appearance at the Nov. 8 event after his dad, a literature professor, passed away at 75.

Cage’s rep, Annett Wolf, said Coppola, the brother of filmmaker Francis Ford Coppola and dean of creative arts at San Francisco State University, had a heart attack.

(source)

Oct 182009
 

Actor Nicolas Cage filed a $20 million lawsuit against his former business manager on Friday, accusing him of negligence and fraud that sent the “National Treasure” star “down a path toward financial ruin.”

Cage claimed that his recently-fired business manager had failed to pay taxes when they were due and had placed him in speculative and risky real estate investments “resulting in (the actor) suffering catastrophic losses.”

In a lawsuit filed in Los Angeles Superior Court and first obtained by celebrity web site TMZ.com, Cage said he had now been forced to “sell major assets and investments at a significant loss” because of the actions of his business advisor and accountant over the past seven years.

The lawsuit said the advisor had also failed to alert Cage to the fact that his money was running out, and had over-extended his lines of credit with banks.

The former business manager, Samuel Levin, could not be reached for comment on Friday.

Cage, 45, is one of Hollywood’s most prolific actors with more than 50 movies to his name, including an Oscar-winning role as an alcoholic in “Leaving Las Vegas” and action movies such as “Face/Off” and “Gone in Sixty Seconds”.

Cage earned some $40 million last year according to Forbes.com and has six movies expected to hit theaters in the next two years.

He was recently hit with a claim for $6.6 million dollars in back income taxes, interest and penalties by U.S. authorities.

Cage said he did not realize the extent of his problems until September 2008 when he hired a new business manager. He asked for $20 million in damages, saying that his reputation has been “irreparably tarnished.”