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ShareWASHINGTON: Nicolas Cage has been sued by a real estate company over failing to repay more than 5 million dollars in loans. Cage, 45, has said that he's facing financial ruin after allegedly being duped by his former accountant.
Lawyers for Red Curb Investments have alleged that the City of Angels star, his former accountant and a mortgage broker defrauded them by not disclosing Cage's true financial picture, including his 6.3-million-dollar tax debt.
"[Our client] was assured that Cage had substantial assets consisting of high-end residential property, yachts, airplanes, antiques, custom automobiles, jewelry, furs ... to assure repayment of the [loan]. [But] the values of Cage's assets were grossly exaggerated," People quoted the lawsuit as saying.
"Any claims that Nic Cage engaged in fraud or wrongful conduct is absurd and ridiculous," said Marty Singer, Cage's lawyer.
Red Curb is seeking at least 36.7 million dollars for the original loan amounts, interest, damages, attorney fees and other costs.
Earlier this month, Christina Fulton, the mother of Cage's 18-year-old son, sued Cage for fraud for 13 million dollars.
He's also locked in a legal battle with his former accountant, who blames Cage's financial collapse on the actor's "compulsive, self-destructive spending."
Cage also faces another lawsuit filed by a bank, which claims the actor failed to repay a 2 million dollars loan that was extended this past August.
