Lisa Marie Presley, the daughter of Elvis Presley, has sued her former manager Barry Siegel for $100 million after claiming he mismanaged her trust from the King of Rock and Roll. But Presley claims that in 2005 Siegel sold 85 percent of her interest in Elvis Presley Enterprises for $100 million and used the money he obtained from the sale to invest in Core Entertainment. Presley said that she was not notified of the Core deal and lost $24.5 million as a result of the bankruptcy. The court documents read that Presley has “been damaged in an amount that has not yet been fully ascertained, but is believed to be in excess of $100 million." According to court documents obtained by Us Weekly, Presley owes $10 million in taxes and $6 million on her home in England.

Source: Fox News February 23, 2018 15:29 UTC