Lisa Marie Presley Sues Former Manager For Blowing Inheritance
Lisa Marie Presley, daughter of the Legendary Elvis Presley is suing her former manager, claiming he blew 24 million dollars of her money. TMZ reports, the suit claims former manager Barry Siegel sold 85% of her interest in Elvis Presley Enterprises for $100 million. Siegel reportedly invested the entire sum in Core Entertainment, parent company of "American Idol" in 2005. When the company collapsed in 2016, she lost 24 million. Presley alleges Siegel never advised her she was losing money, and her trust was left with only 14 thousand dollars. She's now $16 million in debt.