Elvis Presley's Granddaughter Takes Legal Action Against Graceland Foreclosure for Alleged Fraud
In a bid to halt the foreclosure sale of Graceland, the iconic Memphis residence of Elvis Presley, the late singer's granddaughter is taking legal action, claiming fraud. She contends that the company supposedly conducting the sale is non-existent and lacks ownership rights to the property, sparking a heated legal battle.
Elvis Presley’s granddaughter, Danielle Riley Keough, is taking legal action to prevent the foreclosure sale of Graceland, her late grandfather's historic home in Memphis. She claims that the company attempting to sell the property is fraudulent and does not actually exist or have any rights to the estate.
Court documents obtained by CNN reveal that Danielle was successful in obtaining a restraining order to halt the sale until a court can make a decision on her request for an injunction.
Keough recently filed a lawsuit claiming that in the previous year, Naussany Investments & Private Lending LLC provided documents indicating that Lisa Marie Presley had borrowed $3.8 million from them and used Graceland as collateral.
Lisa Marie Presley, who was Elvis' daughter and Keough's mother, passed away in January 2023. She inherited Graceland and her father's estate after his death in 1977, and the combined value of these assets is now estimated to be in the hundreds of millions of dollars.
Keough's lawsuit claims that the documents are fake. According to the lawsuit, Lisa Marie Presley did not borrow money from Naussany Investments or give them a deed of trust.
Additionally, a notary in Florida stated that she never met Lisa Marie Presley or notarized any documents for her, even though her name appeared on loan paperwork.
The lawsuit claims that Naussany Investments & Private Lending LLC is believed to be a fake entity set up to commit fraud.
When CNN reached out to Naussany Investments & Private Lending LLC via email, they received an automated response stating, "We are currently out of the office and will be back to regular business hours on Tuesday, May 28, 2024."
Riley Keough, Elvis Presley's granddaughter. (Photo by Dia Dipasupil/Getty Images)
Riley Keough, Elvis Presley's granddaughter. (Photo by Dia Dipasupil/Getty Images)
When CNN tried to contact Naussany Investments & Private Lending LLC by phone, they found that the number was no longer in service. The business was said to be based in Kimberling City, Missouri, according to a court document from Keough's lawyer. However, CNN could not find any business by that name in Missouri through the secretary of state's office or nationwide.
Naussany Investments has planned a non-judicial sale of Graceland due to a fraudulent deed of trust. The sale is set for May 23, 2024. This lawsuit aims to stop the non-judicial sale.
Court papers obtained by CNN show that a temporary restraining order was issued on May 15. It prevents Naussany Investments & Private Lending LLC from proceeding with any non-judicial sale of the property.
CNN has reached out to Keough's representatives and attorneys for comments.
Graceland is a popular tourist destination in the South and used to be the second most visited home in the country, following the White House. According to a Presley executive interviewed by Rolling Stone in 2020, the estate is estimated to be worth between $400 million and $500 million.
Lisa Marie Presley annually earned seven figures from it, based on a court filing in her 2022 divorce.
A hearing is scheduled for Wednesday at 9 a.m. at Chancery Court in Shelby County, Tennessee.
CNN’s Joe Sutton, Luciana Lopez and Alli Rosenbloom contributed to this report.
Editor's P/S:
It is shocking and distressing to learn of the alleged fraudulent attempt to foreclose on Graceland, the iconic home of Elvis Presley. The granddaughter of the legendary musician, Danielle Riley Keough, has rightly taken legal action to protect her late grandfather's legacy and the inheritance of her mother, Lisa Marie Presley. The claims of fake documents, non-existent entities, and unauthorized notarization raise serious concerns about the authenticity of the foreclosure attempt.
The potential loss of Graceland, a national treasure and a symbol of American music history, would be a travesty. The estate's immense value and its significance as a tourist destination highlight the importance of preserving it for future generations. The lawsuit filed by Keough aims to expose the fraudulent scheme and prevent the unlawful sale of this beloved property. The upcoming hearing will be crucial in determining the validity of the foreclosure attempt and safeguarding the legacy of Elvis Presley.
