Nicolas Cage caused his own financial ills, ex-business manager says

Nicolas Cage brought about his own financial ruin with a spending spree that included two castles, 15 palatial homes, a flotilla of yachts and a squadron of Rolls Royces, his former business manager said.

Samuel Levin, responding to a lawsuit Cage filed against him, said he warned the Oscar-winning actor that he could face insolvency unless he scaled back his lavish lifestyle.

Cage, one of Hollywood's highest-paid movie stars, sued Levin in October, charging that he "lined his pockets with several million dollars in business management fees while sending Cage down a path toward financial ruin."

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