Lisa Marie Presley is broke. she’s claims to be down to just $14,000 after her former business manager allegedly mishandled her fortune.
According to documents obtained by The Blast, the singer and daughter of music legend Elvis Presley, has sued Barry Siegel for breach of trust, negligence and constructive fraud.
The 50-year-old Presley claims that Siegel “placed her assets in risky ventures in hopes of attaining his own celebrity in the entertainment industry” and used her $100 million trust to position himself in the “celebrity circle” of a famous investor.
Presley now claims she has just $14,000 in cash left, along with $500,000 in credit card debt. So where did Siegel spend the money?
— New York Daily News (@NYDailyNews) February 23, 2018