Elvis Presley’s Granddaughter Fights to Halt Graceland Foreclosure, Alleges Fraud
Elvis Presley’s granddaughter, Danielle Riley Keough, is taking legal action to prevent the foreclosure sale of the legendary singer’s Memphis home, Graceland, scheduled for this week. Keough alleges fraud, asserting that the company behind the sale is fictitious and holds no legitimate claim to the property.
Court documents obtained by CNN reveal that Keough has secured a temporary restraining order to halt any sale pending a court ruling on her application for an injunction.
The lawsuit, filed this month, claims that in the previous year, “Naussany Investments & Private Lending LLC presented documents purporting to show that Lisa Marie Presley had borrowed $3.8 million from Naussany Investments and gave a deed of trust encumbering Graceland as security.” Lisa Marie Presley, Elvis’ daughter and Keough’s mother, passed away in January 2023. As the sole heir to Graceland and Elvis’ estate upon his death in 1977, her estate’s value has reportedly reached hundreds of millions of dollars.
“These documents are fraudulent,” the lawsuit states. “Lisa Marie Presley never borrowed money from Naussany Investments and never gave a deed of trust to Naussany Investments.”
The complaint also points to a notary in Florida who allegedly denied ever meeting or notarizing any documents for Lisa Marie Presley, despite her name appearing on the loan paperwork.
The lawsuit further alleges that Naussany Investments & Private Lending LLC “appears to be a false entity created for the purpose of defrauding.”
Attempts by CNN to contact Naussany Investments & Private Lending LLC were unsuccessful. The company’s email provided an automated reply stating they were out of office until May 28, 2024. A phone number listed for the business was no longer in service, and CNN could not locate a business by that name through Missouri’s secretary of state or nationwide searches.
“Naussany Investments has now scheduled a non-judicial sale of Graceland based on the fraudulent deed of trust,” the lawsuit reads. “The sale is scheduled for May 23, 2024. This is an action to enjoin the non-judicial sale.”
A temporary restraining order, granted on May 15, prohibits Naussany Investments & Private Lending LLC from conducting “any non-judicial sale” of the property.
In a statement, Elvis Presley Enterprises, which manages Presley’s estate, confirmed the fraudulent nature of Naussany’s claims. “Elvis Presley Enterprises can confirm that these claims are fraudulent,” the company stated. “There is no foreclosure sale. Simply put, the counter lawsuit has been filed to stop the fraud.”
Graceland remains one of the South’s major tourist attractions and was previously the nation’s second-most visited home after the White House. In 2020, an executive from Presley’s estate estimated its worth between $400 million and $500 million. Lisa Marie Presley reportedly earned seven figures annually from the estate, as indicated in a 2022 court filing during her divorce.
A hearing is scheduled for Wednesday at 9 a.m. at Chancery Court in Shelby County, Tennessee, to address the injunction and prevent the foreclosure sale.
