January 17, 2017  

Nicolas Cage Is Not Sued for $36.7 Million Fraud

December 28, 2009 (4:53 am) GMT
Instead of being accused for fraud by Red Curb Investments, his lawyer clarifies that Cage is being sued for $3 million in loans.
Nicolas Cage

An investment company is not suing 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

TODAY'S HEADLINES

  1. 'Supernatural' Casts David Haydn-Jones as a Mysterious Character
  2. Lin-Manuel Miranda Releases Tribute Rap for 'The West Wing'
  3. Kim Kardashian, Kylie and Kendall Jenner Dolled Up for 'Ocean's Eight' Cameo Filming
  4. Amanda Seyfried Dishes on Upcoming Low-Key Wedding to Thomas Sadoski
  5. Harley Quinn Might Appear on 'Gotham' Earlier Than Expected
  6. Soulja Boy Takes a Shot at Chris Brown, 50 Cent, Mike Tyson on New Song 'Stop Playing with Me'
  7. Is Tina Fey Making 'Mean Girls 2' Without Lindsay Lohan?
  8. Lady GaGa Builds a Dance Floor in Her Backyard, Shares Crazy Idea for Super Bowl Performance