Financial statements from Graceland or estimates from financial analysts

Riley Keough Sues to Block Fraudulent Graceland Foreclosure Auction in Memphis

May 21, 2024, 03:58 PM

Elvis Presley's historic Graceland estate in Memphis, Tennessee, is facing a foreclosure auction scheduled for Thursday. However, his granddaughter, Riley Keough, has filed a lawsuit to block the sale, alleging that the foreclosure notice is based on fraudulent documents. Keough, who inherited control of the estate after her mother Lisa Marie Presley's passing last year, claims that the company behind the foreclosure, Naussany Investments & Private Lending LLC, is not a legitimate entity and that her mother never borrowed money from them. The lawsuit also alleges that the documents presented by the company are forgeries. Naussany Investments claims Lisa Marie Presley used Graceland as collateral for a $3.8 million loan. A Memphis judge has temporarily blocked the sale, granting Keough a restraining order against the auction.