Two days ago we found out that Lisa Marie Presley had gone ahead and filed for divorce from her off-brand Tom Petty-looking husband of 10 years, Michael Lockwood. At the time, all we really knew was that she cited “irreconcilable differences” and that she wanted full custody of their 7-year-old twin daughters. Well, TMZ thinks they might have solved the mystery of what killed Lisa Marie’s fourth marriage. And it looks like the main culprit is a whole bunch of missing money.
According to Lisa Marie’s lawyer, Ron Litz, when Lisa Marie and Michael first got together, she let him handle all the finances. Uh oh, I can already see where this is going. Michael kept track of all the money, which is included all the cash coming in from Elvis Presley’s estate. When things started heading south in their marriage, Lisa Marie got suspicious of Michael and decided to take a magnifying glass to their financial situation. That’s when she discovered that a whole lot of money was missing, but she couldn’t tell where it all went.
Another discovery she made was a $109,000 American Express bill. Not long after she found out about the bill, AmEx sued her. TMZ doesn’t say why they sued her, but I’m guessing it was probably an overdue bill and they wanted to get paid. Lisa Marie currently has her legal team working on a forensic audit to determine what in the hell Michael spent $109,000 on, as well as where the rest of the money that vanished during their marriage went.
Michael could be in trouble. According to the postnup they signed after they got married, all of Lisa Marie’s Elvis money is hers and hers alone.
Lisa Marie doesn’t have to hire a team of experts to track down where her money went. I can tell you where that money went: HATS. Michael clearly spent all the money on stupid hats, Lisa. And whatever he didn’t spend on hats, he spent on those Stone Temple Steampunk outfits. You’d think Lisa would have figured something was up once she realized her side of the closet was slowly being taken over by his corny rock star clothes. “I don’t really know what you do for a job, but you sure do seem to have a lot of new custom-made leopard print jackets lately.”