Hollywood actor Nicolas Cage sued his former business manager Samuel Levin for $20 million, claiming Levin committed fraud and led him toward financial ruin.  Cage's economic troubles have resulted in him selling his property to pay off debt and the Internal Revenue Service has filed more than $6.6 million in tax liens against the actor. 
 
Now, Levin is countersuing Cage, claiming it was Cage's lavish spending, and not his advice, that brought the actor financial trouble.  Levin's suit says he tried to warn Cage not to buy castles in England and Bavaria and that he would need to earn $30 million a year to maintain his lifestyle.  The lawsuit states that in 2007 alone Cage bought $33 million in property, 22 automobiles and nearly 50 pieces of expensive jewelry, art and other exotic items.
 
Marty Singer, Cage's attorney, calls the countersuit absurd.  "You're a business manager," Singer said.  "You need to say no."  Singer also counters that the filing is a breach of privacy.
 
Cage's lawsuit claims he was unaware of his financial troubles until changing financial advisors in 2008.
 
—Source:  WPXI.com