Over at Concurring Opinions one can find at great write-up on Nic Cage's foreclosure lawsuit along with some almost fantastical details from the briefs. Among our favorites:
- [Cage] set off on a spending binge of epic proportions, and by July, 2008, Cage owned 15 palatial homes around the world; four yachts (one for the Caribbean, one for the Mediterranean, one for Newport Beach and one for Rhode Island); an island in the Bahamas; a Gulfstream jet; and millions of dollars in jewelry and art.
- Cage rejected [the advice of the defendant] and continued his compulsive spending. As a result, in 2007 Cage’s shopping spree entailed the purchase of three additional residences at a total cost of more than $33,000,000; the purchase of 22 automobiles (including 9 Rolls Royces); 12 purchases of expensive jewelry; and 47 purchases of artwork and exotic items.
- Cage also spent huge sums taking his sizeable entourage on costly vacations and threw enormous, Gatsby-scale parties at his residences.
- The pinnacle of Cage’s spending spree came with his quixotic acquisitions of Midford Castle in England: