Jul 19, 2024, 12:20 PM
Jul 19, 2024, 12:20 PM

Priscilla Presley Files Lawsuit Against Former Associates for Financial Abuse

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Highlights
  • Priscilla Presley has initiated legal action against her former business associates, alleging they deceived her out of more than $1 million.
  • The lawsuit claims financial elder abuse, highlighting serious concerns about Priscilla's financial management.
  • This case brings attention to the issues of elder exploitation and the need for safeguarding vulnerable individuals.
Story

Priscilla Presley has filed a lawsuit against four former business associates, alleging a "meticulously planned" scheme of financial abuse that has resulted in significant losses for the 79-year-old actress. The lawsuit, which was filed on Thursday, names Brigitte Kruse, Kevin Fialko, Vahe Sislyan, and Lynn Walker Wright. Presley claims that she was misled into signing contracts that transferred 80% of her income, leading to losses exceeding $1 million. In the court documents, Presley accuses the defendants of exploiting her trust and isolating her from key figures in her life. Her attorney, Martin Singer, described the situation as an attempt to force Presley into a state of "indentured servitude," where the defendants would benefit from the majority of her future earnings. The relationship between Presley and the accused began two years ago, with Kruse, who operates an Elvis memorabilia shop, being the first to gain her trust. Presley is seeking a jury trial, demanding at least $1 million in damages, along with attorney's fees, special damages, punitive damages, and both preliminary and permanent injunctive relief. This lawsuit adds to the ongoing challenges faced by the Presley family, as recent reports indicate that Elvis' Graceland mansion was nearly sold at auction due to foreclosure issues, which are now under federal investigation. The case highlights concerns regarding financial exploitation of elderly individuals, particularly those in the public eye, and raises questions about the integrity of business relationships formed in vulnerable circumstances.

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