Friday, November 20, 2009

Ode to Nic Cage "Nicolas Cage Sues Ex-Manager for $20M"

He blew his money on castles and cars and now he blames his manager because he can't afford back taxes?

Levin's 12-page complaint continues: "As Levin sold off automobiles, Coppola bought new ones. Then, cross-defendant set off on a spending binge of epic proportions, and by July 2008 Coppola owned 15 palatial homes around the word; four yachts (one for the Caribbean, one for the Mediterranean, one for Newport Beach and one for Rhode Island); an island in the Bahamas; a Gulfstream jet; and millions of dollars in jewelry and art."

[...]

In 2007 alone, Levin says, Cage bought three more houses for more than $33 million, 22 more cars, including 9 Rolls Royces, 12 pieces of expensive jewelry and 47 pieces of art and "exotic items." And he says Cage "spent huge sums taking his sizeable entourage on costly vacations and threw enormous, Gatsby-scale parties at his residences."

He claims Cage did not just ignore his warnings, he "rebuked" him try trying to control the squandering. "The pinnacle of Coppola's spending spree came with his quixotic acquisitions of Midford Castle in England and Schloss Neidstein Castle in Bavaria." Levin says he warned Cage that both castles were "decrepit" and needed "huge expenditures just to make them habitable," and that Cage didn't have that money, but the actor "ignored Levin's advice and bought both castles anyway."

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