Suspicious Minds: Judge Halts Graceland Foreclosure Amid Fraud Allegations By Elvis's Granddaughter
A Tennessee judge has blocked the foreclosure sale of Graceland, the former estate of the late Elvis Presley.
The property was slated for foreclosure auction this week, but actor Riley Keough, one of Elvis's granddaughters, accused Naussany Investments & Private Lending of trying to sell it as part of a fraudulent scheme. Keough, who starred in "Daisy Jones and the Six," inherited the property after her mother Lisa Marie Presley died last year.
A foreclosure notice posted earlier this month claimed that Promenade Trust, which controls Graceland, owes $3.8 million after failing to repay a 2018 loan, according to CBS. Naussany Investments said Lisa Marie Presley used Graceland as collateral for the loan.
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Keough said Naussany created false documents to defraud the Presley family. She said her mother's signature on legal documents was forged at that Naussany is a "false entity" established to defraud the estate. According to an affidavit filed with Keough's lawsuit, the notary public identified on the documents said she never met Lisa Marie Presley or notarized her signature.
"As the court has now made clear, there was no validity to the claims. There will be no foreclosure," a spokesperson for Elvis Presley Enterprises told CBS. "Graceland will continue to operate as it has for the past 42 years, ensuring that Elvis fans from around the world can continue to have a best-in-class experience when visiting his iconic home."
The King of Rock and Roll purchased Graceland in 1957 for $102,500. It was added to the National Register of Historic Places in 1991. Presley died in 1977 at Graceland, which has been turned into a museum that attracts more than 600,000 Elvis fans annually.
On May 22, shortly after the judge halted the sale, Naussany Investments said it would withdraw its claims to the property. Naussany had planned to hold the foreclosure auction on May 23.
FBI agents reportedly contacted representatives for Keough about potentially launching an investigation into the alleged fraud, according to TMZ. The Tennessee Bureau of Investigation also contacted.
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This article Suspicious Minds: Judge Halts Graceland Foreclosure Amid Fraud Allegations By Elvis's Granddaughter originally appeared on Benzinga.com
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