22/05/2024
Elvis Presley's Graceland Mansion Faces Foreclosure Auction Amid Claims of Fraud by Granddaughter
In a dramatic turn of events, the iconic Graceland Mansion, once the home of the legendary Elvis Presley is set to be auctioned off this Thursday amid claims of fraud by Presley's granddaughter, Riley Keough. The auction is a result of a foreclosure notice issued earlier this month, alleging that Lisa Marie Presley , Elvis' daughter and Keough's mother, failed to repay a $3.8 million loan secured in 2018 using as collateral.
Keough, the sole heir to the property and a rising actress known for her roles in "Daisy Jones & the Six" and "Under the Bridge," has filed a lawsuit disputing the loan and the impending auction. In her suit, she alleges that the company behind the loan, Naussany Investments and Private Lending, presented fraudulent documents and may not actually exist. She is seeking to block the sale and declare the loan and associated deed of trust as fraudulent and unenforceable.
The legal battle has brought to light a complex web of allegations and counter-claims. Keough argues that her mother never borrowed any money from Naussany Investments and that the signatures on the loan documents are forgeries. She also alleges that Kurt Naussany, named as a defendant, has no connection to the company as he left in 2015, despite a signed email purportedly from him in 2023 being included as evidence.
The dispute over Graceland's future has drawn significant public attention, not just because of the property's historical significance as 's home but also due to the high-profile nature of the individuals involved. The mansion, which became a in 2006, is a popular tourist destination and the final resting place for Elvis, his parents, Lisa Marie, and other family members.
As the legal battle unfolds, an injunction hearing is scheduled for Wednesday, May 22, between Keough and Naussany Investments. The outcome of this hearing could have a significant impact on the future of Graceland and the resolution of the fraud allegations.
For now, the fate of Elvis Presley's Graceland hangs in the balance, with the scheduled auction just days away and a determined granddaughter fighting to protect her family's legacy from what she claims is a fraudulent scheme.
Photo: Wikimedia Creative Commons
By Daniel Webster