Afternoon D & C Dedicated To Mumbai
Home > Hollywood > Lisa Marie Presley claims she is broke

Lisa Marie Presley claims she is broke

Tuesday, February 27, 2018

Lisa Marie Presley, daughter of legendary singer Elvis Presley, has claimed she is broke and facing large debts. The 50-year-old singer has blamed her former manager Barry Siegel for her fortune disappearing and is suing him for breach of trust, negligence and constructive fraud, reported The Blast.

According to the website, Lisa had USD 100 million in assets and is now down to her last USD14,000. The lawsuit states that Lisa's former employee sold 85 per cent of her interest in Elvis Presley Enterprises (EPE) - a corporate entity created by The Elvis Presley Trust to conduct business and manage its assets, including Graceland, and Lisa has accused Siegel of putting ''his own best interests ahead of her.''

She has also claimed her ex-manager purchased a lavish property in England for USD 9 million using money from the trust, which put her in a financially difficult situation as he was unable to make the USD 6.7 million outstanding principal sum on the home.

A statement issued by Siegel's legal representative, Leon Gladstone, claimed that Lisa was using blame tactics. ''It's clear Lisa Marie is going through a difficult time in her life and looking to blame others instead of taking responsibility for her actions.''

COMMENTS
No Comments Posted
POST YOUR COMMENTS
Name:  
 
Email:    
Comments:
 
 
Bollywood
Manish Dayal, a prominent South Asian actor in ...
Thousands of die-hard female fans of debonair agi
Film-maker Sudhir Mishra remembered Satyajit Ray
90% of marriages in our country are still arrange
Dr. Rajan B. Bhonsle, M.D. (Bom)
Consulting Sex Therapist & Counsellor
Dr. (Mrs.) Minnu R. Bhonsle, Ph.D.
Consulting Psychotherapist & Counsellor
Astrology
Select Sun sign:
 
Aries (Mar 21 - Apr 20)
Aries (Mar 21 - Apr 20)Ganesha says go ahead and indulge in your artistic self today. You can reorganise your home or work place. Expenses are on the cards. If you have been longing for that expensive dressing table or a study table, buy it. Indulgence is okay sometimes.
- Advertising -
The classroom looks altogether different today th
With less than 2 months left to UPSC Civil Servic
Human resources are like natural resources; they'
Read More