Danielle Riley Keough, the granddaughter of Elvis Presley and current owner of Graceland, is suing to stop a foreclosure sale of the property, alleging fraud by a purported company called Naussany Investments & Private Lending LLC. The lawsuit claims that the company presented fraudulent documents showing that Lisa Marie Presley had borrowed $3.8 million and used Graceland as security, even though Lisa Marie Presley never borrowed money from them. The lawsuit also alleges that the company appears to be a false entity created for the purpose of defrauding.
In response to the lawsuit, a temporary restraining order was granted to prevent Naussany Investments & Private Lending LLC from conducting any non-judicial sale of Graceland. The lawsuit claims that the sale was scheduled for May 23, 2024, based on the fraudulent deed of trust. Elvis Presley Enterprises, the company that manages Presley’s estate, has confirmed that the claims made by Naussany Investments are fraudulent and there is no foreclosure sale. The counter lawsuit has been filed to stop the fraud.
Graceland is one of the South’s biggest tourist draws and was the nation’s second-most visited home after the White House. In 2020, Presley’s estate was reported to be worth between $400 million and $500 million. Lisa Marie Presley annually earned seven figures from it, based on a court filing in her 2022 divorce. A hearing is scheduled for Wednesday at Chancery Court in Shelby County, Tennessee to address the issue of the foreclosure sale of Graceland.
CNN attempted to reach Naussany Investments & Private Lending LLC but found that the phone number was no longer in service. The business, listed as located in Kimberling City, Missouri, could not be found in the secretary of state’s office in Missouri or nationwide. The lawsuit filed by Keough highlights the fraudulent nature of the documents presented by Naussany Investments and the lack of verifiable existence of the company. The court documents also mention that a notary in Florida denied ever meeting Lisa Marie Presley or notarizing any documents for her.
Elvis Presley Enterprises has expressed that the claims made by Naussany Investments are fraudulent and the lawsuit filed by Keough aims to stop the foreclosure sale based on the false documents. Graceland holds significant historical and cultural value as the former home of Elvis Presley and is a popular tourist attraction in the South. The lawsuit alleges that Naussany Investments & Private Lending LLC was created for the purpose of defrauding and attempting to take ownership of Graceland through false means. The upcoming court hearing will address the issue and determine the legitimacy of the foreclosure sale.
