Lisa Marie Presley claims her business manager burned through her $100 million trust
Lisa Marie Presley claims her business manager burned through her $100 million trust https://t.co/GNGluZo3aK pic.twitter.com/yUWBslVI7C
- New York Daily News (@NYDailyNews) February 23, 2018
-Lisa Marie Presley filed a lawsuit against her former business manager Barry Siegel for negligence, constructive fraud & breach of trust. She claims Siegel “placed her assets in risky ventures in hopes of attaining his own celebrity in the entertainment industry” and used her $100mn trust to establish himself as an investor with other celebs. She says she has only $14k in cash left and $500k in credit card debt
-Siegel has filed a lawsuit against Presley for breach of services, saying her financial situation was caused by out of control spending and that his decision to sell off 85% of her interest in Elvis Presley Enterprises cleared $20mn in debt and earned her $40mn in cash and a "multi-million dollar income stream." Siegel says she's looking for someone to blame for financial troubles she caused
Lisa Marie Presley's Ex Says Her Math Is Way Off, She Can Pay for His Lawyers https://t.co/JFxHjFxd6e
- TMZ (@TMZ) February 24, 2018
-In her recent divorce lawsuit, LMP claimed she's $16mn in debt and owes the IRS $1.6mn. Her estranged husband Michael Lockwood says she's lying about her debt. He still expects her to pay his $450k legal fees.
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