Cage also claims that Levin did not pay taxes on several properties, leaving him with over $6 million in IRS liens.
“Levin placed Cage in numerous highly speculative and risky real estate investments, resulting in Cage suffering catastrophic losses,” the lawsuit says.
He is suing Levin for a whopping $20 million minimum, and has sold a number of homes, including a German castle, four houses in the United States, and two English manors.
On the two major lawsuits: In one, East West Bank claims Mr. Cage has missed six month’s repayments on a $2-million line of credit they gave him in 2007, and they want it paid back…In full. Right now!
And if that’s not enough fun, the IRS is demanding a sit-down with Nic to discuss $6-million in back taxes the dude also owes. TMZ says the boys at the Service have just filed a tax lien that shows the “National Treasure” actor owes them $6,257,005 in back-taxes – from 2007 alone!
