Showing posts from November 9, 2017

Does Lisa Marie Presley regret selling Elvis Presley's Graceland?

According to TMZ , Lisa Marie 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 which left her with a tax bill of $7 million. She says as of May 30, 2016, the trust was depleted and only had $14,000 in cash and she had $500,000 in credit card debt.  We're told Sie