Stay Connected


Advertise With Us

Learn More

Skip to content
Oscars 2017
Everything you need to know and seeDon't Miss It


Nic Cage Not Being Sued for Fraud

Posted on

John Spellman/Retna

Nic Cage isn’t being sued for fraud and lawyers for a real estate company are going after him for much less than a previously reported $36.7 million, PEOPLE clarifies.

Cage, who says he’s facing financial ruin after allegedly being duped by his former accountant, is being sued by Red Curb Investments for failure to pay back approximately $3 million in loans.

Red Curb, a small private lender, is also seeking more than $3 million each from his former accountant and a mortgage broker, accusing them of defrauding the real estate company by not disclosing Cage’s true financial picture, including his enormous tax debt.

Marty Singer, Cage’s lawyer, tells PEOPLE: “Any claims that Nic Cage engaged in fraud or wrongful conduct is absurd and ridiculous.”