"Wiseguy" Sues Guy Over Lost Fortune

Ken Wahl, the dude who starred in "Wiseguy," claims he's destitute and blames it on a conspiracy between his former business manager and Wahl's ex-wife.

Wahl's lawsuit, filed yesterday in L.A. County Superior Court, claims he hired Henry Levine back in the day to take care of his finances. Wahl says Levine had the dreaded power of attorney. The actor explains how his career was red hot from 1983 to 1991.

But things changed radically in '91. Wahl divorced his wife, Corinne Alphen and gave her "ALL of the community property assets." Dumb move. The assets included a Malibu mansion and an estate in Boston, worth "many millions of dollars."

The suit claims during Wahl's marriage Levine entered into a "secret business manager relationship" with Corinne. He says after they got divorced, Corinne squandered Wahl's money "on plastic surgeries, facials, and massages" from the sale of the Malibu property -- Wahl says the proceeds were supposed to be held for their son.

More bad luck...Wahl got in a bad accident, broke his neck and was permanently disabled. Wahl says the business manager screwed him over, making him believe several million bucks were put aside to support him -- in fact, he says, his ex-wife got that loot too, thanks to Henry.

Wahl says he now doesn't have a pot to pee in and owes $250,000 in back taxes.