The former business manager of Nicolas Cage said that the actor 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.

Responding to a lawsuit Cage filed against him, Samuel Levin said he warned the Oscar-winning actor that he could face bankruptcy 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.”

The lawsuit said, “Cage discovered that he is now forced to sell major assets and investments at a significant loss and is faced with huge tax liabilities because of Levin’s incompetence, misrepresentations and recklessness.”

He also asked the Los Angeles Superior Court for $20 million in damages from Levin.

(article and photo source: CNN)