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nicolas cage faces $36.7 million lawsuit

 
Blaineman1
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12/26/2009 10:04 PM
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nicolas cage faces $36.7 million lawsuit
Here's something Nicolas Cage didn't want for Christmas: Another multimillion-dollar lawsuit.

Cage, 45, who says he's facing financial ruin after allegedly being duped by his former accountant, is being sued by a real estate company who says he failed to repay more than $5 million in loans.

Lawyers for Red Curb Investments also allege the actor, his former accountant and a mortgage broker defrauded them by not disclosing Cage's true financial picture, including his $6.3 million tax debt.

"[Our client] was assured that Cage had substantial assets consisting of high-end residential property, yachts, airplanes, antiques, custom automobiles, jewelry, furs ... to assure repayment of the [loan]," the lawsuit reads. "[But] the values of Cage's assets were grossly exaggerated."

Marty Singer, Cage's lawyer, tells PEOPLE: "Any claims that Nic Cage engaged in fraud or wrongful conduct is absurd and ridiculous."

All told, Red Curb is seeking at least $36.7 million for the original loan amounts, interest, damages, attorney fees and other costs.

Earlier this month, Christina Fulton, the mother of Cage's 18-year-old son, sued Cage for fraud for $13 million. He's also locked in a legal battle with his former accountant, who blames Cage's financial collapse on the actor's "compulsive, self-destructive spending."

Cage also faces another lawsuit filed by a bank which claims the actor failed to repay a $2 million loan that was extended this past August.
mr...bojangles

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12/26/2009 10:12 PM
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Re: nicolas cage faces $36.7 million lawsuit
this is really strange .....

cause in the movies he laways plays the smart guy...right?

nic`s career has been very consistent......

if you have that kind of money....

it would be smart to have an outside audit once in a while.......

but i`m assuming his accountant was a good friend....

or so he thought...
Beyond one's own mind there is no dazzling light to come shining in from outside to wake one up. If one recognizes one's own intrinsic State as pure from the beginning and only temporarily obscured by impurities, and if one maintains the presence of this recognition without becoming distracted, then all the impurities dissolve. This is the essence of the Path-namkhai norbu.

Why is there a legend about the descent of Christ into hell? The Teacher addressed the lower strata of the astral world, saying: �Why, by cherishing earthly thoughts, bind oneself eternally to Earth?� And many revolted in spirit and rose higher.
Thread: I shot video of the earth from my spacecraft, enjoy!
Anonymous Coward
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12/26/2009 10:13 PM
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Re: nicolas cage faces $36.7 million lawsuit
You'd think he'd make better decisions in life.
Blaineman1  (OP)

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12/26/2009 10:18 PM
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Re: nicolas cage faces $36.7 million lawsuit
bump
mr...bojangles

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12/26/2009 10:21 PM
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Re: nicolas cage faces $36.7 million lawsuit
he`s got a good movie track record.....

kind of like stallone...they find their niche and make millions....

my accountant?

very unexpected....

36 million ain`t exactly a walk in the park.....

that`s nice chunk of cash.....
Beyond one's own mind there is no dazzling light to come shining in from outside to wake one up. If one recognizes one's own intrinsic State as pure from the beginning and only temporarily obscured by impurities, and if one maintains the presence of this recognition without becoming distracted, then all the impurities dissolve. This is the essence of the Path-namkhai norbu.

Why is there a legend about the descent of Christ into hell? The Teacher addressed the lower strata of the astral world, saying: �Why, by cherishing earthly thoughts, bind oneself eternally to Earth?� And many revolted in spirit and rose higher.
Thread: I shot video of the earth from my spacecraft, enjoy!
anonymous
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12/26/2009 10:23 PM
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Re: nicolas cage faces $36.7 million lawsuit
he recently sold a castle in Bavaria that had cost him aprx 26 million several yrs ago when he purchases it . Two Souther Mansions on St Charles Street in New Orleans Louisiana recently went to forclosure . He overleveraged his self on some property and could not maintain the bills on some of his properties ., He had a buying up spree going on that was going red ink later on from overleveraged purchases .. his accountant says he warned his client years ago to stop buying up stuff.. and Nick keept on buying stuff .
Blaineman1  (OP)

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12/26/2009 10:34 PM
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Re: nicolas cage faces $36.7 million lawsuit
justed found this information, Nic Cage Not Being Sued for Fraud Nic Cage isn't being sued for fraud and lawyers for a real estate company are going after him for much less than a previously reported $36.7 million, PEOPLE clarifies.

Cage, who says he's facing financial ruin after allegedly being duped by his former accountant, is being sued by Red Curb Investments for failure to pay back approximately $3 million in loans.

Red Curb, a small private lender, is also seeking more than $3 million each from his former accountant and a mortgage broker, accusing them of defrauding the real estate company by not disclosing Cage's true financial picture, including his enormous tax debt.

Marty Singer, Cage's lawyer, tells PEOPLE: "Any claims that Nic Cage engaged in fraud or wrongful conduct is absurd and ridiculous."
Anonymous Coward
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12/26/2009 10:35 PM
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Re: nicolas cage faces $36.7 million lawsuit
jerkit
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12/26/2009 10:40 PM
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Re: nicolas cage faces $36.7 million lawsuit
Obama will bail him out with a stimulus package and then give him a $6 million dollar bonus like Freddi and Fannie CEOs.
Dead Man Walking
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12/26/2009 11:11 PM
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Re: nicolas cage faces $36.7 million lawsuit
sounds like Nick Cage pissed in someones wheaties.
Anonymous Coward
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12/26/2009 11:23 PM
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Re: nicolas cage faces $36.7 million lawsuit
The PTB are taking out the competition, one by one the rich and famous will be taken down until there are just the few left to fight it out for control of the world.
I love Cage's movies and i think hes one sexy man..but maybe he might start actually believing some of the characters he plays and realize that there is true evil in the world, and being a celebrity makes him a target.
Blaineman1  (OP)

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12/26/2009 11:48 PM
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Re: nicolas cage faces $36.7 million lawsuit
bump
Anonymous Coward
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12/27/2009 12:37 AM
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Re: nicolas cage faces $36.7 million lawsuit
Obama will bail him out with a stimulus package and then give him a $6 million dollar bonus like Freddi and Fannie CEOs.
 Quoting: Anonymous Coward 842983


Because Nic Cage is too big to fail! lmao
Blaineman1  (OP)

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12/27/2009 08:22 AM
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Re: nicolas cage faces $36.7 million lawsuit
bump

Last Edited by Blaineman1 on 12/27/2009 10:40 AM
Anonymous Coward
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Korea, Republic of
12/27/2009 09:30 AM
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Re: nicolas cage faces $36.7 million lawsuit
Remaking "Leaving Las Vegas", this time a reality show version?
Anonymous Coward
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12/27/2009 09:35 AM
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Re: nicolas cage faces $36.7 million lawsuit
You'd think he'd make better decisions in life.
 Quoting: Anonymous Coward 646699

Someone fking him up..
Blaineman1  (OP)

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12/27/2009 10:53 AM
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Re: nicolas cage faces $36.7 million lawsuit
bump
Blaineman1  (OP)

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12/28/2009 08:34 AM
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Re: nicolas cage faces $36.7 million lawsuit
bump
BRIEF AND TO THE POINT

User ID: 381742
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12/28/2009 08:39 AM
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Re: nicolas cage faces $36.7 million lawsuit
this is really strange .....

cause in the movies he laways plays the smart guy...right?

nic`s career has been very consistent......

if you have that kind of money....

it would be smart to have an outside audit once in a while.......

but i`m assuming his accountant was a good friend....

or so he thought...
 Quoting: mr...bojangles


He's a grown man who puts on make up and plays make believe. Why do people think Actors are smart? Some are of course, but most are dumb as a bag of hammers.
Poor people do poor people things, and rich people do rich people things.

You cannot legislate the poor into prosperity by legislating the wealthy out of prosperity.

What one person receives without working for, another person must work for without receiving.

The government cannot give to anybody anything that the government does not first take from somebody else.

When half of the people get the idea that they do not have to work because the other half is going to take care of them, and the other half gets the idea that it does no good to work because somebody else is going to get what they work for, that my dear friend, is the beginning of the end of any nation.

You cannot multiply wealth by dividing it!

when you rob Paul to give to Peter ... ... ... you will always get Peters support!

:Brieffromnativea:
Anonymous Coward
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12/28/2009 08:44 AM
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Re: nicolas cage faces $36.7 million lawsuit
Because its you... Your the rocket man!
BRIEF AND TO THE POINT

User ID: 381742
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12/28/2009 08:46 AM
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Re: nicolas cage faces $36.7 million lawsuit
Because its you... Your the rocket man!
 Quoting: Anonymous Coward 851250


"I don't listen to soft ass shit."
Poor people do poor people things, and rich people do rich people things.

You cannot legislate the poor into prosperity by legislating the wealthy out of prosperity.

What one person receives without working for, another person must work for without receiving.

The government cannot give to anybody anything that the government does not first take from somebody else.

When half of the people get the idea that they do not have to work because the other half is going to take care of them, and the other half gets the idea that it does no good to work because somebody else is going to get what they work for, that my dear friend, is the beginning of the end of any nation.

You cannot multiply wealth by dividing it!

when you rob Paul to give to Peter ... ... ... you will always get Peters support!

:Brieffromnativea:
mr...bojangles

User ID: 851438
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12/28/2009 04:10 PM
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Re: nicolas cage faces $36.7 million lawsuit
this is really strange .....

cause in the movies he laways plays the smart guy...right?

nic`s career has been very consistent......

if you have that kind of money....

it would be smart to have an outside audit once in a while.......

but i`m assuming his accountant was a good friend....

or so he thought...


He's a grown man who puts on make up and plays make believe. Why do people think Actors are smart? Some are of course, but most are dumb as a bag of hammers.
 Quoting: BRIEF AND TO THE POINT


I hate to say this but you are wrong....

anyone who thinks they can make a movie and bam you`ll make millions does not know how hollywood works....

acting is a very demanding activity....
Beyond one's own mind there is no dazzling light to come shining in from outside to wake one up. If one recognizes one's own intrinsic State as pure from the beginning and only temporarily obscured by impurities, and if one maintains the presence of this recognition without becoming distracted, then all the impurities dissolve. This is the essence of the Path-namkhai norbu.

Why is there a legend about the descent of Christ into hell? The Teacher addressed the lower strata of the astral world, saying: �Why, by cherishing earthly thoughts, bind oneself eternally to Earth?� And many revolted in spirit and rose higher.
Thread: I shot video of the earth from my spacecraft, enjoy!





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