Tag Archives: Million

Lamar Odom & Khloe Kardashian Buy New $4 Million Dollar Home

(CNN) — Khloe Kardashian and her new husband, basketball player Lamar Odom, have found themselves a newlywed love nest.

Kardashian, star of the E! network’s reality show “Kourtney & Khloe Take Miami” and Odom, a forward for the Los Angeles Lakers, have purchased a seven-bedroom, nine-bathroom mansion in Tarzana, California, for nearly $4 million.

The pair, who married after a two-month-long courtship, have been looking for a place to call their own since their September 27 wedding.

Finding a home was one of the stipulations Kardashian, 25, wanted met before the couple started thinking about growing a family.

“I would be over the moon if I was having a baby, but right now, our focus is on finding a house. They say it’s a buyers’ market, but no one is selling, and I think it would be very stressful to have a baby in a condo downtown,” Kardashian told CNN earlier this month.

When asked by talk show host Chelsea Handler earlier this month if Khloe is pregnant yet, Odom, 30, responded, “Soon.” And when Handler pushed and asked, “You planning on having a baby soon? You want to do that right away?” Odom responded, “I do.”

Kardashian was even more candid with CNN, saying, “We are not planning to have a baby, but we’re not doing anything to not have a baby right now.”

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DMX Being Sued For $1 Million Dollars By Promoters

TMZ Reports

DMX may have wanted to fix his fight to avoid an ass-beating, but now he’s really cruisin’ for a bruisin’ — legally — because the promoters that hired X are suing him for chickening out last minute.

According to docs filed Friday in Birmingham, Alabama — Thunder Productions wants $1,000,000 from the rapper, claiming he’s a fraud and led them on … because as soon as they refused to fix his fight, he backed out.

The company says DMX’s jitters really put them under the wire and cost them a ton of moolah because they had to switch gears late in the game and find a celebrity replacement.

But if you want our opinion — DMX isn’t half the man who’s fighting in his place on December 12 … because that man is Coolio!!!

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Andy Warhol’s ‘200 One Dollar Bills’ Goes for $43.7 Million


The money appears to be back in the contemporary art market:

“The price rose at breakneck speed as five collectors vied for the classic image, ‘200 One Dollar Bills.’ It ended up selling for $43.7 million (including fees to Sotheby’s), more than three times its high estimate of $12 million. The buyer, whom Sotheby’s refused to identify, bid by telephone through Bruno Vinciguerra, the company’s chief operating officer. Sotheby’s would also not identify the seller, although people familiar with the collection said it was Pauline Karpidas, a London-based collector. Just a year after the art market was in the doldrums with the world’s financial markets, buyers with deep pockets were not shy about stepping up for tried-and-true artists. The sale topped Sotheby’s expectations, totaling $134.4 million, well above its $67.9 million high estimate.”


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Actor Nicolas Cage In Financial Ruin & Owes $6.3 Million In Back Taxes…


How could one of Hollywood’s highest paid actors find himself owing $6.3 million in back taxes and deep in money troubles? The answer is easy if you believe Nicolas Cage.

In a lawsuit filed Oct. 16 in Los Angeles, the National Treasure star, 45, claims that his longtime business manager, Samuel J. Levin, duped “lined his [own] pockets with several million dollars in business management fees while sending Cage down a path toward financial ruin.”

That journey began in 2001 when Cage – whose next movie is the crime drama Bad Lieutenant: Port of Call New Orleans – hired Levin to oversee and manage his business interests, investments and finances. Levin did not return calls seeking comment. A rep for Cage had no comment.

On The Market
Though Cage claims it was only recently that he learned the gravity of his financial condition, the actor started selling off some of his prized possessions months ago. In April, Cage bid farewell to his Bavarian castle, selling it to his German advisor, lawyer Konrad Wilfurth.

Now he has placed other homes on the market in California, Las Vegas and New Orleans, where two of his residences – each worth at about $3.5 million – are up for auction Nov. 12, according to the that city’s Times-Picayune. Regions Bank foreclosed on Hancock Park Real Estate Co., the owner of Cage’s properties, for $5.5 million in unpaid mortgage debts, the newspaper reported.

Tax Trouble
Cage’s home liquidation comes as earlier this month the U.S. government placed a tax lien on his vast real-estate holdings because of $6 million in unpaid taxes dating from 2007, according to court papers. In addition, the Internal Revenue Service has another lien for more than $350,000 in unpaid taxes dating from 2002 to 2004.

East West Bank also filed a breach-of-contract complaint in Los Angeles Superior Court that claims Cage had failed to repay a $2 million loan that was extended this past August.

In the lawsuit filed against his business manager, Cage says he “relied on Levin to handle his financial affairs to ensure that he and his family would have a financially secure future built on the foundation of the substantial monies Cage earned through years of hard work.”

But “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.” (Interestingly, Cage sold off his rare comic-book collection in 2002 for more than $1.6 million, a year after hiring Levin.)

Now as the actor gets ready to hit the big screen again this fall, he faces “catastrophic losses” in upwards of $20 million. The next court hearing in the lawsuit is scheduled for February 2010.


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Facebook Wins $711 Million From The Spam King….


Facebook has won yet another massive judgment against a spammer who already owes $234 million to MySpace.

A California federal judge on Thursday granted Facebook’s request for a default judgment against Sanford Wallace, who is known to have been involved with spamming since the mid-1990s and with junk faxing before that.

Court documents indicate that Wallace and an associate who was later dropped from the case spammed Facebook users with phishing messages. Those who clicked on the links and submitted login information to phishing sites allowed Wallace and his associate to then spam the phishing victim’s friends, in turn generating more potential phishing victims. Facebook claims that Wallace also received payment for redirecting some spam recipients to Web sites that pay for referrals.

Facebook sought damages of more than $7 billion dollars, as allowed under the CAN-SPAM Act and the California business code.

Expressing skepticism in his ruling that such a figure would be proportionate to Wallace’s offences, Judge Jeremy Fogel instead awarded Facebook $710,737,650.

“The record demonstrates that Wallace willfully violated the statutes in question with blatant disregard for the rights of Facebook and the thousands of Facebook users whose accounts were compromised by his conduct,” Fogel said in his ruling.


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