Marty Lacker responds to Elvis and the coal mine tax fraud...

[franny]

Thanks to Marty for his comments on our story from last Tuesday:
The coal mine deal was all Vernon Presley's idea but he used Elvis' money. That's what happens when you allow someone unsophisticated and unknowledgeable in financial matters to handle your money.


The funny thing is that both Alan Fortas and I told Elvis that his money should and could be working for him if he would invest with legitimate and proven successful investment brokers. He told us both at different times to speak with his father if we knew of good information. When both of us, again at different times, went to the office to speak with Vernon he told us to mind our own **** business. When Elvis asked us what his father said, he just shrugged as if to say,"That's Daddy", after we told him what Vernon's answer was.

The two times Vernon invested Elvis' money they both failed. The coal mine scam and a used car dealership.

However, unfortunately it makes Elvis look like the person scammed.

Reads the original article (http://www.elvisinfonet.com/spotlight_coal_mine.htm)
Read "Marty's Musings" on EIN (http://www.elvisinfonet.com/marty_musings.html)



http://www.elvisinfonet.com/image-files/MARTY_2008_sml.jpg

[sasha]

Interesting. But, I wonder if Marty was even there then. :hmm:

[Jumpsuit Junkie]

The problem with anything that gets reported you are never 100% sure if the information provided is correct or has been embellished putting a positive spin on the person responding?

[sasha]

I've noticed that . Maybe some day we'll get a fact based book on Elvis.
Matching dates included .;)

[lvs2day]

it's amazing to me how these leeches were interested in ELVIS money and financial affairs - i think VERNON PRESLEY said the right thing.

[sasha]

it's amazing to me how these leeches were interested in ELVIS money and financial affairs - i think VERNON PRESLEY said the right thing.

At least we can agree on Elvis. :D

[Brian]

Goodness gracious

Of all the things to criticize Marty Lacker for this ain't one of them.

He's simply telling a story about Alan Fortas ( Who was a banker) and himself telling Elvis that he should make some wise investments with his money instead of living paycheck to paycheck.

Elvis doesn't want to handle business so he tells them to talk to Vernon about it.
Vernon doesn't know anything about business anyway and tells them to bug off yet does eventually get involved in two failed business scams.

I always thought that Elvis should've got someone to handle the money besides his uneducated father and that he should have invested his money and even used tax shelters.

As for not remembering correct dates it's very hard to remember exactly when things happened 10-40 years afterwards jeez.
None of you could either.

[Jumpsuit Junkie]

It's also right to point out what Marty has said might be embellished? I didn't say he lied!!

I didn't realise that sticking up for Elvis was wrong.... Am I Bad ;)

[Brian]

It's also right to point out what Marty has said might be embellished? I didn't say he lied!!

I didn't realise that sticking up for Elvis was wrong.... Am I Bad ;)

There's no need to stick up for Elvis in this case.

If Marty Lacker was saying something bad then by all means but it was more of a put down on Vernon than anything.

[Jumpsuit Junkie]

There's no need to stick up for Elvis in this case.

If Marty Lacker was saying something bad then by all means but it was more of a put down on Vernon than anything.

So in your opinion Marty doesn't make Elvis look bad by refusing to heed his EXPERT opinion? The advice was given to Elvis who supposedly directed them to Vernon.

I'm sorry, I just don't find the scenario outlined to be a true reflection of what Marty is saying, even though some see this as Marty being the good guy :blink:

I don't have an axe to grind with Marty, however it is wise to take what he says with a pinch of salt.

[Brian]

So in your opinion Marty doesn't make Elvis look bad by refusing to heed his EXPERT opinion? The advice was given to Elvis who supposedly directed them to Vernon.

I'm sorry, I just don't find the scenario outlined to be a true reflection of what Marty is saying, even though some see this as Marty being the good guy :blink:

I don't have an axe to grind with Marty, however it is wise to take what he says with a pinch of salt.

No, it doesn't

Marty Lacker and the other Memphis guys have always said Elvis would always defer business deals to the Colonel or Vernon because he didn't like dealing with it.
That's how he always was and they seemed to except that.

It sounded like he was putting down Vernon's business sense and intelligence.

[Jumpsuit Junkie]

No, it doesn't

Obviously we will never agree on this point! However unintentional, Marty will put his spin on it, same as the other guys!


Marty Lacker and the other Memphis guys have always said Elvis would always defer business deals to the Colonel or Vernon because he didn't like dealing with it.
That's how he always was and they seemed to except that.

Please read my posts, I never said I disagree with what the general consensus is, where I DO differ is that Marty (and the MM) are renowned for putting themselves in a positive light.

If Marty's business acumen was so good, he would have taken his own advice ;)


It sounded like he was putting down Vernon's business sense and intelligence.

As well as making Elvis look apathetic in the process.

[TotallyInsane]

Maybe if Marty had taken his own advice - he wouldn't be selling flipping MM certificates today to make a buck!!

[LaurieT]

I rather doubt that Marty's income at the time would have been "investment worthy". Elvis's was.

[KPM]

The problem with anything that gets reported you are never 100% sure if the information provided is correct or has been embellished putting a positive spin on the person responding?
Yes that is so true, its easy to polish your own side... to appear the hero, or the smart blameless one.

[Brian]

Obviously we will never agree on this point! However unintentional, Marty will put his spin on it, same as the other guys!



Please read my posts, I never said I disagree with what the general consensus is, where I DO differ is that Marty (and the MM) are renowned for putting themselves in a positive light.

If Marty's business acumen was so good, he would have taken his own advice ;)



As well as making Elvis look apathetic in the process.

Elvis was apathetic

[Jumpsuit Junkie]

Elvis was apathetic

Maybe he was, and maybe Marty was an investment banker whose credentials made Elvis sit up and take notice :bye:

[Teddy]

Maybe some day we'll get a fact based book on Elvis.
Matching dates included .;)

The nearest thing I could suggest is Elvis Day By Day, if you don't have it already. ;)
http://www.amazon.com/Elvis-Day-Definitive-Record-Music/dp/0345420896

[sasha]

The nearest thing I could suggest is Elvis Day By Day, if you don't have it already. ;)
http://www.amazon.com/Elvis-Day-Definitive-Record-Music/dp/0345420896
Thank you Teddy.:P

[KPM]

Elvis was apathetic
Well business was not his area of expertise.... so when you have little knowledge of what is a good, bad, fair etc.... deal and truely no interest in it to start with, I guess that can be looked at as apathetic.
Indifference perhaps hid the fact that he had no confidence of ability in such matters.

[KPM]

Maybe he was, and maybe Marty was an investment banker whose credentials made Elvis sit up and take notice :bye:

I think you found the answer:clap: