Manager: I Warned Nic Not to Buy That Castle...
Broke Nicolas Cage countersued by business manager
By Evann Gastaldo,  Newser Staff
Posted Nov 19, 2009 9:33 AM CST
Nicolas Cage speaks during a news conference for the movie "Bad Lieutenant: Port of Call New Orleans" at the Toronto International Film Festival in Toronto on Tuesday, Sept. 15, 2009.   (AP Photo/The Canadian Press, Frank Gunn)
camera-icon View 4 more images

(Newser) – The business manager Nicolas Cage is suing for fraud is suing the actor right back, claiming he warned Cage he would have to make $30 million a year to support his extravagant lifestyle. Samuel J. Levin’s suit also claims he cautioned the actor—who recently lost two New Orleans homes to foreclosure—against purchases like two castles, 22 cars including nine Rolls-Royces, 47 works of art, four yachts, an island, and a Gulfstream jet.

Cage “knows that his losses are entirely and solely the result of his own compulsive, self-destructive spending, which he engaged in against Levin's advice,” states the complaint; Cage’s lawyer tells the New York Post the suit is “ridiculous.”