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Nicolas Cage Targeted Again in Fraud Lawsuit

12/24/2009 2:25 PM PST BY TMZ STAFF

The stand-in-line-to-sue-Nicolas-Cage saga has just deepened -- Nic's being sued again for allegedly stiffing someone over a loan.

According to a lawsuit obtained by TMZ, Red Curb Investments loaned Cage $3.5 million for a real estate deal back in July, 2007. In return, Nic agreed to pay $29,166.67 a month, which includes 10% interest.

The suit goes into a lot of detail over how repayment was structured, but bottom line, Red Curb claims Nic owes a balloon payment of $1,850,269.67. But that's not all Red Curb is after.

Red Curb says Nic committed fraud and wants an additional $15 million. The fraud, according to the suit, is that Nic never disclosed he was deeply in debt to the IRS and needed the money to pay back taxes.

And there are millions more Red Curb wants to collect from Cage and co-defendant Samuel Levin, who incidentally Cage is suing. Cage claims Levin, his former business manager, is the reason he's gone belly up.

Cage's lawyer, legal pit bull Marty Singer, says, "Any claim that our client engaged in any fraudulent conduct is ridiculous."

UPDATE:
The fraud allegation is against Levin, not Cage. Cage is being sued for not repaying the loan.

23 COMMENTS

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16.

od    

no witty "face/off"? weak.

1678 days ago
17.

Renee    

Okay... Has anyone noticed, it's clear Nic over spent but his lawyer, Marty Singer is sounding sillier by the day.

Everytime Nic gets sued... Marty says, "it's ridiculous." YOU'RE RIDICULOUS MARTY IF YOU THINK YOU'RE GOING TO GET YOUR CLIENT (NIC) OFF SCOTCH FREE FROM THESE LAWSUITS!!!

Nic clearly was irresponsible with his money but Nic's lawyer is soooo not representing Nic respectively. Marty should just shut his trap and battle it out in court instead of releasing these "RIDICULOUS" statements! You're making Nic and yourself look silly Marty! SHUT UP AND FIGHT IT OUT IN COURT!!

1678 days ago
18.

KARMA    

The financial success advice was not buy high, sell low. Are you analgesik or something. You're making Elvis look good with money. Macadamia nuts might be a good investment in 2010.

1678 days ago
19.

Chris    

Sounds like this guy is A: just a nasty little cheapskate who doesn't like to repay his debts and B: an egomaniac who is pathologically desperate to show the world how much money he has. We get it Nick, you're rich. You can quit trying to remind us. A little common sense goes a long way, but unfortunately you can't buy it.

1678 days ago
20.

tug    

Didn't Nicolas Cage lose everything in the Bernie Madoff fiasco?

1677 days ago
21.

jim goosh    

I'm so glad this NO-TALENT, GROTESQUELY UGLY, AWFUL HAIR PLUG WEARING, BAD JET BLACK INKHEAD DYE JOB SPORTING, CRAPPY ACTOR has finally gotten his.
His whole Elvis obsession and using of Lisa Marie Presley still makes me cringe. The fact that he thinks he's good looking is the most comedy his has been azz is capable of.
STOP putting him in MOVIES> The world can't stand this mess of a guy.

1677 days ago
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