Oct 22, 2009, 12:01 GMT
Nicolas Cage has reportedly sold his Los Angeles mansion.
US actor Nicolas Cage Legal papers state Levin "over-extended Cage's line of credit with banks and financial institutions" and hid his "true financial condition prior to investments and assets being acquired by Cage". EPA/WARREN TODA
The 'National Treasure' actor, who owes $6 million in unpaid taxes, has sold the Bel Air property for an amount estimated to be between $9.5 and $15 million.
Cage, 45, originally asked for $35 million for the house, which he bought for almost $6.5 million in 1998.
Cage has lost a significant amount on the property market. His 11th-century Bavarian castle sold for $2.5 million, almost $150,000 less than he paid for it.
His $7.85 million Somerset castle is on the market for $5.8 million. And his $6.2 million Bath Regency townhouse, bought in 2007, was sold in March for $5.8 million.
The actor, whom Forbes estimates earned $40 million between June 2008 and June 2009, is also being sued for almost $2 million over missed credit payments.
Last week, Cage filed a lawsuit against his former business manager. The actor is suing Samuel Levin and his firm for $20 million, alleging that Levin put him in a "precarious" financial situation by making bad investments.
Cage claims Levin gave him bad advice, failed to pay taxes when they were due and claimed vast fees.
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