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	<title>Plastic Surgery Channel &#187; Nicolas Cage broke</title>
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		<title>Nicolas Cage Broke? Say It Ain&#8217;t So</title>
		<link>http://www.theplasticsurgerychannel.com/nicolas-cage-broke-say-it-ain%e2%80%99t-so/</link>
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		<pubDate>Tue, 03 Nov 2009 21:23:46 +0000</pubDate>
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				<category><![CDATA[Celebrity Plastic Surgery]]></category>
		<category><![CDATA[cosmetic surgery]]></category>
		<category><![CDATA[Face/Off]]></category>
		<category><![CDATA[Internet Movie Database]]></category>
		<category><![CDATA[John Travolta]]></category>
		<category><![CDATA[Nicolas Cage]]></category>
		<category><![CDATA[Nicolas Cage broke]]></category>
		<category><![CDATA[Nicolas Cage debt]]></category>
		<category><![CDATA[Plastic Surgery]]></category>
		<category><![CDATA[Samuel Levin]]></category>
		<category><![CDATA[The Plastic Surgery Channel]]></category>

		<guid isPermaLink="false">http://www.theplasticsurgerychannel.com/?p=2063</guid>
		<description><![CDATA[Nicolas Cage broke? The actor recently filed a lawsuit accusing business manager Samuel Levin of mismanaging millions of dollars. Who is really at fault?
It boggles the common mind to picture superstar Nicolas Cage short of funds, but a new lawsuit accuses business manager Samuel Levin of putting the actor in that very position.
Cage reportedly owes [...]]]></description>
			<content:encoded><![CDATA[<p><strong>Nicolas Cage broke? The actor recently filed a lawsuit accusing business manager Samuel Levin of mismanaging millions of dollars. Who is really at fault?</strong></p>
<p><img class="alignleft size-medium wp-image-2064" title="nicolas-cage-picture" src="http://psc-live.s3.amazonaws.com/wp-content/uploads/2009/11/nicolas-cage-picture-230x300.jpg" alt="nicolas-cage-picture" width="207" height="270" />It boggles the common mind to picture superstar Nicolas Cage short of funds, but a new lawsuit accuses business manager Samuel Levin of putting the actor in that very position.</p>
<p>Cage reportedly owes $6.3 million in back taxes, among other debts, and alleges that his manager is guilty of, well, mismanagement.</p>
<p>“(Levin) lined his pockets with several million dollars in business management fees while sending Cage down a path toward financial ruin,” the suit said, adding later: “(Cage) relied on Levin to handle his financial affairs to ensure that he and his family would have a financially secure future built on the foundation of the substantial monies Cage earned through years of hard work  He is now forced to sell major assets and investments at a significant loss and is faced with huge tax liabilities because of Levin&#8217;s incompetence, misrepresentations and recklessness.”</p>
<p>Aside from the $6.3 million figure, Cage supposedly has another $350,000 in tax debt from several years ago &ndash; plus $5.5 million in unpaid mortgage and then a $2 million loan he is still trying to settle. Earlier in 2009, Cage began selling some of his expensive assets, including two homes in America and a castle in Bavaria. Of course, getting out of a money crunch may be easier for Nicolas Cage than most people. But, unlike most of us, he is facing losses of up to $20 million, according to the lawsuit.</p>
<p>According to the Internet Movie Database, Cage began pulling in multi-million dollar salaries in the 1990s. This apparently began with <em>The Rock</em> (1996) at $4 million, followed by his famous John Travolta plastic surgery-switcheroo action thriller <em>Face/Off</em> the next year, at $7 million. Since then, his marquee-heavy paydays have climbed into the double digits and stayed there, movie after movie.</p>
<p>Have the alleged doings of his ex-manager caused the Cage empire to crumble away? Stay tuned to see.</p>
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