 It seems like old Nicolas Cage cannot find a break in his financial situation. It’s not bad enough the man has such spending habits that he cannot afford to keep the things he owns - now he must also deal with a $13 million lawsuit from his ex. Christina Fulton, mother of Cage’s eldest child Weston, is suing Nicolas for fraud and breach of contract. She claims she is tangled up in his financial mismanagement and is in debt for more than $1.2 million herself as a result. In an October lawsuit, Cage said he faces financial ruin after allegedly being swindled by his former accountant, Samuel Levin. Cage currently owes $6.3 million in back taxes. He also recently defaulted on a $2 million loan. Cage has built a reputation of being one of the craziest spenders in Hollywood, blowing his fortune on fast cars, diamond jewelery, yachts, castles and a collection of shrunken heads and dinosaur skulls. He has begun a massive sale of his possessions in order to prevent financial collapse. Fulton, 42, is a former actress. She says she was given a home in L.A. years ago as payment for raising Weston. Until recently, she believed the home to be under her name. In September, Cage supposedly served her with a 60-day eviction notice. Fulton argues that Cage and Levin's carelessness caused her to owe the IRS more than $1 million. That’s in addition to $250,000 in unpaid credit card debt she owes – a card she claims was supposed to be paid off regularly by Cage. Fulton says damages to her exceed $13 million. Cage's attorney Marty Singer tells PEOPLE: “This lawsuit is ridiculous and absurd. Nicolas Cage has given her approximately three million every year for many years, even though he was only obligated to pay her six thousand a month in child support. We expect this lawsuit to be promptly thrown out.”
|