Priscilla Presley Accused of $25M Jewelry Cover-Up from IRS
PRISCILLA PRESLEY ROCKED BY $25 MILLION JEWELRY SCANDAL: EX-WIFE OF ELVIS ACCUSED OF CONCEALING VALUABLES FROM THE IRS
In a bombshell lawsuit, Priscilla Presley is facing accusations that she hid an astonishing $25 million worth of jewelry from the Internal Revenue Service. The explosive claims, filed by two former business associates, Brigitte Kruse and Kevin Fialko, have left the 80-year-old actress and businesswoman reeling.
According to court documents obtained by thescholarlynote.com, Kruse and Fialko allege that Priscilla misrepresented her wealth in official filings to government tax officials. Specifically, they claim that she falsely reported her multi-million-dollar jewelry collection as being worth only $6,000 on a May 4, 2023 Form 433-A filing.
But what's even more scandalous is that the duo claims Priscilla's lavish jewelry stash was comprised of "collectibles on display and in storage at Graceland," the iconic Memphis mansion made famous by Elvis Presley. The implication is that Priscilla has been hiding her wealth from the IRS, using the estate as a secret stash for her valuable jewels.
Kruse and Fialko also claim that they were about to blow the whistle on Priscilla's alleged deceit when she suddenly terminated their employment in a suspicious move. It seems that Priscilla was trying to silence them before they could reveal the truth about her concealed wealth.
But that's not all - Kruse and Fialko also accuse Priscilla of orchestrating the termination in an attempt to cover up her shady dealings. And if that weren't enough, they claim she has been using a secret off-site facility overseen by Graceland Archives manager Angie Marchese to store her treasured jewels.
In response to the allegations, Priscilla's attorney Marty Singer shot back with a scathing statement, calling the claims "absurd" and "completely without merit." He also implied that Kruse and Fialko are simply trying to tarnish Priscilla's reputation in a desperate attempt to deflect attention from their own alleged misdeeds.
But sources close to the Presley family tell thescholarlynote.com that there may be more to the story. Insiders claim that Priscilla has been under pressure to protect her daughter Lisa Marie's estate, which is estimated to be worth hundreds of millions of dollars. Could this be a motive for Priscilla's alleged deceit?
Lisa Marie Presley passed away in 2023 at the age of 54 due to complications from a small bowel obstruction. Her death sent shockwaves through the entertainment industry and left her family reeling.
The drama surrounding the Presley estate has been ongoing for years, with Kruse and Fialko filing several lawsuits against Priscilla alleging misappropriation of funds and elder abuse. But this latest scandal takes the cake - or should we say, the diamond-encrusted tiara?
As the family continues to navigate this treacherous landscape, it remains to be seen how Priscilla will respond to these explosive allegations. Will she be able to salvage her reputation, or will this scandal leave a lasting stain on her legacy? Stay tuned for further updates as this story continues to unfold.
In related news, Priscilla Presley's memoir "Softly, As I Leave You: Live After Elvis" was released last year to critical acclaim. But with this latest scandal rocking the headlines, it remains to be seen whether the book will become a bestseller or be overshadowed by these sordid allegations.
The Presley family has spoken out in response to the lawsuit, releasing a statement that read: "We are aware of the latest allegations from Brigitte Kruse. These claims are not only untrue but also deeply hurtful. Our family is, and always has been, united in love and respect for one another."
But it seems like the drama is far from over - with Priscilla facing a very uncertain future as she navigates this treacherous landscape of allegations and scandals. Will she emerge unscathed, or will her reputation be irreparably damaged? Only time will tell.