Bad-LieutenantNicolas Cage has made a LOT of movies, so realistically, he should have enough money in the bank to afford the entire city of New Orleans. But according to People.com, Cage owes $6.3 million in back taxes and now he is blaming it on his business manager.

Samuel J. Levin is now facing a lawsuit from Cage himself, but has not released any statements.

The lawsuit stated Levin “lined his [own] pockets with several million dollars in business management fees while sending Cage down a path toward financial ruin.” Cage is now apparently forced to sell major assets in order to cover the tax liabilities, according to the lawsuit.

His two houses in the French Quarter of New Orleans were auctioned for a collective $4.5 million on Friday, about one-third of their appraised value.

Earlier this year, Cage sold his Bavarian castle to Konrad Wilfurth, a lawyer and his German advisor.

The sale of his New Orleans homes was partially due to Regions Bank’s foreclosure on Hancock Park Real Estate Co., which owns Cage’s properties and now faces $5.5 million in unpaid mortgage debts on them according to People.

This isn’t the only financial trouble Cage has faced, though. The U.S. government placed a tax lien on his real estate holdings after finding $6 million in unpaid taxes from 2007, as well as another $350,000 from 2002-2004 uncovered by the Internal Revenue Service (IRS).

The Los Angeles Superior Court also received a claim from East West Bank that Cage hadn’t paid a $2 million loan that was extended in August.

Although he’s not talking, Cage is taking the defensive. The lawsuit clearly places the blame on Levin, stating “relied on Levin to handle his financial affairs to ensure that he and his family would have a financially secure future built on the foundation of the substantial monies Cage earned through years of hard work.”






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