Nicolas Cage Sued For Fraud
Nicolas Cage, who’s currently buried in debt, is being sued again - this time, for taking out a loan from Red Curb Investments, and failing to pay back the borrowed money.
According to the suit, Nic borrowed $3.5 million at a 10% interest rate to fund his real estate habit back in 2007. He supposedly agreed to make $29,166.67 monthly payments on the loan, but according to Red Curb, he failed to meet his obligations, and currently owes them almost $2 million. The company is also suing Nicolas for another $15 million for failing to disclose his massive debt situation to them when he took out the loan.
Nicolas’ former business manager, Samuel Levin - who Nicolas is suing as well, is also listed as a defendant in the case.






December 24th, 2009 at 6:03 pm
wow what happened to the days when a lender did a credit check before giving away money. thats there own damn fault. celeb or not, you do a credit check. I say keep your 15 milli nic!