Los Angeles, California (CNN) -- 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 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."
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Samuel Levin responds to a lawsuit actor Nicolas Cage filed against him
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Cage bought 2 castles, 15 homes, yachts, Rolls Royces, against advice, Levin says
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Cage should have known about his debt because he signed the checks, Levin says
Levin's filing claimed that starting in 2005 and then "with increasing urgency" over the next two years, he "implored Coppola to stop buying real estate and urged him to reduce his real estate holdings, warning @placeholder that the financial press was filled with references to a 'real estate bubble.'