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American Idol Put Lisa Marie In Poorhouse!
Globe
|July 9, 2018
Elvis’ only child blames moneyman for losing her butt
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TROUBLED pill-popper Lisa Marie Presley claims in a bizarre lawsuit she’s broke because of American Idol!
Elvis’ 50-year-old daughter has dragged her former money manager Barry Siegel into court accusing him of squandering a $100 million trust fund — and leaving her with only $14,000!
She accuses Barry of pouring most of the dough into bad investments, including American Idol’s holding company, which went bust big-time.
She says at the end of Idol’s first run in 2016, “in one week alone, the trust lost $24.5 million of the $25 million in stock” held in the company.
This story is from the July 9, 2018 edition of Globe.
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