Introduction
PRISCILLA PRESLEY FACING NEW LEGAL FIRESTORM: TAX FRAUD ACCUSATIONS EMERGE IN EXPLOSIVE LAWSUIT
A new and shocking twist has emerged in the ongoing legal saga surrounding Elvis Presley’s ex-wife, Priscilla Presley. In what’s being described as a “bombshell filing,” two of her former business associates, Breijit Cruz and Kevin Fialo, have accused the 79-year-old star of possible tax fraud and financial misconduct, adding even more tension to an already complex lawsuit.
According to court filings discussed on Law & Crime’s Sidebar with host Jesse Weber, Cruz and Fialo allege that Priscilla manipulated her professional and personal relationships to gain control over Elvis-related business ventures and wealth. The entrepreneurs, who once managed her brand and public image, claim she not only defrauded them but may have made false financial declarations to the IRS — particularly undervaluing her jewelry and personal assets by millions of dollars in a sworn filing.
Attorney Jordan Matthews, representing Cruz and Fialo, said the evidence includes IRS documents signed by Priscilla under penalty of perjury, where she allegedly declared jewelry worth only $6,000, despite reportedly owning collections valued at more than $5 million. Matthews further claims that when his clients urged her to correct the filings, Priscilla fired them — an action now central to a wrongful termination claim.
The case also reexamines long-standing family tensions following the 2023 death of Priscilla’s daughter, Lisa Marie Presley. The filing suggests that Priscilla may have intervened in Lisa’s life insurance policy — allegedly halting efforts to cash out $25 million meant to cover tax debts — and later benefiting from a $2.4 million payout.
Adding to the intrigue, the complaint revisits Priscilla’s divorce from Elvis in the 1970s, claiming she “waived all inheritance rights” but continued to profit from the Presley name. The suit portrays her as driven by “greed and power,” seeking control over the Graceland legacy.
While Priscilla’s legal team has not yet responded publicly to these new allegations, the accusations of tax fraud, misrepresentation, and financial exploitation could mark one of the most dramatic chapters yet in the Presley family’s storied history. As the discovery process unfolds, this legal battle promises to expose even more secrets behind the Presley empire.