Nicolas Cage Ordered To Pay Bank Over $2 Million
April 14 2010, Published 6:33 a.m. ET
The financial woes of Nicolas Cage just got even worse as the actor has been ordered to pay East West Bank over $2 million dollars.
EXCLUSIVE PHOTOS: Nicolas Cage Is Selling His Bel Air Kingdom
An agreement was reached on April 6th between Cage and East West in which the actor must pay the bank a lump sum of $2,002,679.86, with added daily interest in the amount of $277.95 for each day starting from February 16th, 2010.
Cage was also ordered to pay $48,258.75 and court fees of $2,471.13.
It’s the latest in a slew of financial woes that Cage has been hit with – as RadarOnline.com previously reported last July the IRS placed liens on two of Cage’s New Orleans properties for 6.6 million in unpaid taxes. The properties were subsequently foreclosed upon for unpaid mortgage debts. In addition, last year Cage was forced to sell his Bel Air mansion – which was also owned by Tom Jones and Dean Martin – at a significantly reduced amount of between $10 and $15 million after originally putting it on the market for $37 million back in 2007.
The Gone In Sixty Seconds star had to cut back on his one-time booming property empire by also selling a Bavarian castle that he used to own and a mansion in Bath, England.
Cage has blamed his financial woes on former business manager Samuel Levin who he is currently suing for $20 million in damages.
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