Court Halts Foreclosure on Elvis Presley’s Graceland Amid Allegations of Fraudulent Claims
Elvis Presley’s iconic estate, Graceland, remains under the ownership of his family as a Tennessee court chancellor has temporarily blocked a foreclosure auction following allegations of fraud.
Chancellor JoeDae Jenkins ruled on Wednesday to postpone the scheduled foreclosure sale, acknowledging concerns of potential irreparable harm to Elvis’ granddaughter, Danielle Riley Keough. The dispute arose after a mysterious company claimed ownership of Graceland’s deed, alleging non-payment of a purported loan by Elvis’ daughter, Lisa Marie Presley.
The court hearing revealed discrepancies in the company’s claims, including evidence of forged documents. Jenkins emphasized the need for further investigation to determine the validity of ownership rights over the estate.
Keough, who inherited Graceland after her mother’s passing, filed a lawsuit contesting the alleged loan and challenging the legitimacy of the company, Naussany Investments & Private Lending LLC. Despite presenting documents, including a promissory note, Naussany Investments’ claims were refuted, with allegations of forgery and fraudulent activity.
In response to the legal proceedings, Naussany Investments announced the withdrawal of its claim, citing the complexity of legal action across multiple states and denying any intention to harm Keough.
Elvis Presley Enterprises denounced Naussany’s claims as fraudulent, affirming the absence of a foreclosure sale and asserting the estate’s continued operation without disruption.
The legal dispute over Graceland’s ownership underscores the complexities surrounding Elvis’ estate, which has been a subject of contention between family members. Keough, a prominent actor, is recognized for her roles in Hollywood productions and recently welcomed a daughter, Tupelo Storm Smith-Petersen, paying tribute to her late brother, Benjamin Storm Keough.
As investigations continue into the authenticity of ownership claims, Graceland remains a symbol of Elvis’ legacy, drawing tourists from around the world to experience the iconic home of the King of Rock ‘n’ Roll.
