The granddaughter of Elvis Presley, Riley Keoughis fighting to stop the sale of Graceland approved by the court.
The actress and model is the granddaughter of Elvis Presley and the daughter of his only daughter, Lisa Marie. She currently owns the iconic 13.8-acre estate in Memphis, Tennessee, known as Gracelandand took over after the death of his mother last January.
Now, he’s fighting to stop the court-approved sale of the residence, and alleges in a new lawsuit that the sale is “fraudulent”.
The fraud allegation behind the Graceland sale
Details shared by NBC News highlight how the case dates back to 2018, when Lisa Marie allegedly signed a deed of trust and obtained a $3.8 million (£2.9 million) loan from Naussany Investments and Private Lending LLC in Missouri.
The company claims Graceland was used as collateral on the loan, which was never repaid.
However, Keough has been fighting these claims and claims the Tennessee residence should not go up for auction since his mother never signed anything or borrowed any money. to the enterprise. In the lawsuit, which was filed May 15, Keough also claims that the creditor, identified in a public notice of sale as Naussany Investments and Private Lending LLC, does not exist and that the loan was never notarized by the notary public.
She and the rest of Elvis Presley Enterprises also accuse the planned sale of being a company scheme and “fraud.”
“Elvis Presley Enterprises can confirm that these claims are fraudulent,” said the entity that manages Graceland and the assets of the Elvis Presley Trust (via NBC). “There is no foreclosure sale. Simply put, the countersuit that has been filed is to stop the fraud.”.
The legendary singer first bought the mansion in 1957 and lived there until his death in 1977. Since then, it has been a destination for fans who want to pay their respects to the musician.
A hearing on her granddaughter’s claim is scheduled for tomorrow (May 22), according to court documents. Naussany Investments and Private Lending LLC have not publicly shared a statement following the claims.
Source: Ambito
I am an author and journalist who has worked in the entertainment industry for over a decade. I currently work as a news editor at a major news website, and my focus is on covering the latest trends in entertainment. I also write occasional pieces for other outlets, and have authored two books about the entertainment industry.
