HOLLYWOOD, Calif. — Nicolas Cage likely won't remember 2009 as his finest year.
The 45-year-old actor is being sued yet again, this time by Red Curb Investments, which claims Cage failed to repay more than $5 million in loans, according to People.
The real estate company also claims that Cage and his advisors failed to come clean about the Oscar winner's financial woes, 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."
Red Curb is seeking at least $36.7 million for the original loan amounts, interest, damages, attorney fees and other costs, but Cage's attorney, Marty Singer, said their lawsuit is without merit.
"Any claims that Nic Cage engaged in fraud or wrongful conduct is absurd and ridiculous," his attorney told the mag.
Earlier this month, Cage was sued for $13 million by his ex-girlfriend, Christina Fulton, who is the mother of his 18-year-old son Weston. She claims the star left her in financial ruin with several broken promises.
Cage is also facing a third lawsuit filed by a bank. In that case, the bank claims he failed to repay a $2 million loan that was extended this past August.
In October, Cage filed a $20 million lawsuit against his former business manager, Samuel J. Levin., claiming the man's advice led him down a path of destruction. Levin has since filed a countersuit in which he contends that he warned Cage about the pitfalls of his lavish lifestyle.
In July, the U.S. government placed a tax lien on Cage's vast real estate holdings because of $6 million in unpaid back taxes dating from 2007, the same year he starred in the blockbuster films Ghost Rider and National Treasure: Book of Secrets. He has since engaged in a massive sell-off of homes, cars, yachts and other possessions to help offset his financial troubles.
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