{"id":113014,"date":"2024-07-19T17:12:00","date_gmt":"2024-07-19T17:12:00","guid":{"rendered":"https:\/\/entertainment.runfyers.com\/index.php\/2024\/07\/19\/priscilla-presley-sues-former-associates-for-financial-elder-abuse\/"},"modified":"2024-07-19T17:12:00","modified_gmt":"2024-07-19T17:12:00","slug":"priscilla-presley-sues-former-associates-for-financial-elder-abuse","status":"publish","type":"post","link":"https:\/\/entertainment.runfyers.com\/index.php\/2024\/07\/19\/priscilla-presley-sues-former-associates-for-financial-elder-abuse\/","title":{"rendered":"Priscilla Presley Sues Former Associates for Financial Elder Abuse"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div>\n<p><a href=\"https:\/\/www.etonline.com\/people\/priscilla-presley\" rel=\"noopener\" target=\"_blank\">Priscilla Presley<\/a><span>\u00a0is\u00a0suing four former business associates for several claims, including financial elder abuse and fraud, alleging the group conned her out of more than $1 million.<\/span><\/p>\n<p><span>In court documents obtained by ET, the 79-year-old has acquired the services of celebrity attorney Marty Singer to file the suit, claiming that\u00a0the defendants &#8212; including Florida-based\u00a0<\/span><a href=\"https:\/\/www.etonline.com\/people\/elvis-presley\" rel=\"noopener\" target=\"_blank\">Elvis Presley<\/a><span> memorabilia auctioneer Brigitte Kruse &#8212; forced Priscilla &#8220;into a form of indentured servitude, where [she] was forced to work so that they could receive the lion&#8217;s share of any revenue that she was able to earn in the future.&#8221;<\/span><\/p>\n<p><span>Priscilla serves as the special advisor of the promenade trust related to its shareholder interest in her late ex-husband&#8217;s Elvis Presley\u00a0Enterprises. After settling\u00a0<\/span><a href=\"https:\/\/www.etonline.com\/people\/lisa-marie-presley\" rel=\"noopener\" target=\"_blank\">Lisa Marie Presley<\/a><span>&#8216;s estate with her granddaughter,\u00a0<\/span><a href=\"https:\/\/www.etonline.com\/people\/riley-keough\" rel=\"noopener\" target=\"_blank\">Riley Keough<\/a><span>, in 2023, Priscilla receives a $100,000 payout per year for her role. The payments are made monthly and are guaranteed for 10 years or until Priscilla&#8217;s death, regardless of whether Riley ends Priscilla&#8217;s role as special advisor. She will also receive a $1 million lump sum from Lisa Marie&#8217;s $25 million life insurance policy.<\/span><\/p>\n<p><span>The suit claims that defendants Kevin Fialko, Vahe Sislyan and Lynn Walker Wright &#8220;meticulously planned&#8221; the &#8220;abhorrent scheme&#8230; to prey on an older woman by gaining her trust,\u00a0isolating her from the most important people in her life, and duping her into believing that they would take care of her &#8212; personally and financially &#8212; while their real goal was to drain her of every last penny she had.&#8221;<\/span><\/p>\n<p><span>The 45-page complaint refers to Kruse specifically as a &#8220;con artist and pathological liar&#8221; who, along with Fialko, &#8220;misappropriated, [embezzled] and converted&#8221; more than $1 million from Priscilla. Further allegations stated that they &#8220;fraudulently&#8221; had Priscilla &#8220;sign contracts&#8221; to receive 80 percent of her income.<\/span><\/p>\n<figure class=\"shortcode shortcode-image content-in\"><figcaption class=\"content-in\"><span>Priscilla Presley serves as special advisor of the promenade trust related to its shareholder interest in Elvis Presley Enterprises.<\/span> &#8211; <span class=\"shortcode-image__credit\">Kevin Mazur\/Getty Images<\/span><\/figcaption><\/figure>\n<p><span>The suit alleges that Kruse &#8220;quickly immersed herself in Presley&#8217;s life&#8221; after meeting her in 2021, &#8220;often sending her multiple text messages a day, and telling her how much she loved her and admired her.&#8221; It also claims that Kruse and her business associates managed to convince Priscilla that her former advisors were &#8220;either deceitful or incompetent&#8221; and then began fabricating reasons for &#8220;massive payments they made to themselves from Priscilla&#8217;s\u00a0bank accounts.&#8221;<\/span><\/p>\n<p><span>The documents allege they charged Priscilla unnecessary fees, moved her accounts to their preferred banks, and allegedly had Priscilla pay the mortgage for a home owned by Kruse&#8217;s husband.<\/span><\/p>\n<p><span>Per the filing&#8217;s claims, Kruse allegedly gained access to Priscilla&#8217;s finances and her new advisors &#8212; whom Kruse selected &#8212; &#8220;falsely&#8221; told Priscilla she was financially unstable and &#8220;would not survive without their ability to exploit her name, image, and likeness on her behalf.&#8221;<\/span><\/p>\n<p><span>Following Kruse&#8217;s advice, Priscilla claims she created companies where her associates received 80% of her income and was left with minority shares in the company. She also alleges that money from the Sophia Capploa-directed biopic <\/span><em><span>Priscilla<\/span><\/em><span> was misappropriated.<\/span><\/p>\n<p><span>Priscilla also claims that the defendants withdrew $40,000 from the bank account of Priscilla&#8217;s son, Navarone Garcia, for &#8220;no legitimate reason&#8221; and did not notify either party of the withdrawal.<\/span><\/p>\n<p><span>&#8220;When it became clear to the defendants that their scheme had been uncovered, they attempted to falsely portray themselves as the victims by filing a lawsuit against Presley in Florida in the name of several of the sham companies they established,&#8221; the lawsuit claims, referring to Kruse and Fialko&#8217;s lawsuit against Priscilla for breach of contract, filed in February.<\/span><\/p>\n<p><span>Priscilla is asking for general damages of at least $1 million as well as punitive damages and attorney&#8217;s fees. She also wants all the &#8220;fraudulently-induced agreements&#8221; with the defendants rescinded so she can regain control of her accounts and obtain a &#8220;full accounting of their financial malfeasance.&#8221;<\/span><\/p>\n<p><span>In a statement to ET, Kruse and her legal team said,\u00a0&#8220;We cannot respond because counsel has not been served with a copy of the lawsuit. We have alerted Ms. Presley&#8217;s attorneys that we do not have a copy of this filing but they have not responded.&#8221;<\/span><\/p>\n<p><strong><span>RELATED CONTENT:<\/span><\/strong><\/p>\n<\/div>\n<p><br \/>\n<br \/><a href=\"https:\/\/www.etonline.com\/priscilla-presley-claims-abhorrent-financial-elder-abuse-sues-former-associates-for-1-million\" target=\"_blank\" rel=\"noopener\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Priscilla Presley\u00a0is\u00a0suing four former business associates for several claims, including financial elder abuse and fraud, alleging the group conned her out of more than $1 million. In court documents obtained by ET, the 79-year-old has acquired the services of celebrity attorney Marty Singer to file the suit, claiming that\u00a0the defendants &#8212; including Florida-based\u00a0Elvis Presley memorabilia [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":113015,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[191,174,20,427],"class_list":{"0":"post-113014","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-make-up","8":"tag-court","9":"tag-entertainment-tonight","10":"tag-news","11":"tag-priscilla-presley"},"_links":{"self":[{"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/113014","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/comments?post=113014"}],"version-history":[{"count":0,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/posts\/113014\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/media\/113015"}],"wp:attachment":[{"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/media?parent=113014"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/categories?post=113014"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/entertainment.runfyers.com\/index.php\/wp-json\/wp\/v2\/tags?post=113014"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}