Nicolas Cage Is Not Sued for $36.7 Million Fraud
An investment company is not suing Nicolas Cage for fraud and a reported $36.7 million, People magazine has clarified. Christmas reports suggested the movie star was facing another huge financial battle with Red Curb Investments, but it appears the initial details were greatly exaggerated.
The private lender is actually suing the actor for failure to pay back almost $3 million in loans from 2007. Red Curb is additionally suing Cage's former accountant, Samuel Levin, for $3 million claiming he defrauded the company by neglecting to disclose the Oscar winner's financial status.
Cage faces huge financial problems after he was slapped with a tax lien in October after reportedly failing to pay income tax on earnings dating back to 2007. He is also facing other claims of unpaid tax relating to earnings from 2002 to 2004.
More Nicolas Cage News
- MTV VMAs 2016: Beyonce and Adele Lead Nominations, Nick Jonas Is 'Disappointed' About His Snub
- Rihanna, Kendrick Lamar, Selena Gomez, Metallica to Perform at 2016 Global Citizen Concert
- Rihanna Warns Fans Not to Play Pokemon Go at Her Concert as Beyonce and Adele Face Same Issue
- Disney Plans 'Han Solo' Trilogy With Alden Ehrenreich
- Chrissy Teigen and Kim Kardashian Fought With Their Husbands at Each Other's Wedding
- Karl Urban Debuts His 'Thor: Ragnarok' Look. See His Newly Shaved Head
- Matt Damon and Jimmy Kimmel Go to Couples Therapy Again. Does It Work This Time?
- Jeremy Renner's Ex Claims He Refuses to Pay Child Support