Lisa Marie Presley To Sue Business Manager For Allegedly Squandering $100 Mil
Lisa Marie Presley is about to file a lawsuit against her former financial managers, claiming they squandered more than $100 million over 10 years, but the company says Lisa Marie is broke because she’s a spendthrift.
TMZ has obtained a copy of the lawsuit which could be filed as early as today. She claims financial guru Barry Siegel sold 85% of her interest in Elvis Presley Enterprises (EPE) and then gave the money to Robert F.X. Sillerman as a way of ingratiating himself with the famous investor. She says the investments tanked and left her broke.
Among the alleged misdeeds — Presley says unbeknownst to her Siegel spent $9 million of her money to buy an English estate and couldn’t make the balloon payment on the property.
She also says Siegel stopped paying her taxes in 2012…