Elvis Presley’s Granddaughter Fights to Stop Graceland Foreclosure Sale, Claiming Fraud

Elvis Presley

The granddaughter of Elvis Presley is seeking to halt a foreclosure auction of the legendary singer’s Graceland estate, claiming the sale is based on fraudulent paperwork.

According to combined media sources, Danielle Riley Keough was granted a temporary restraining order on Monday against Naussany Investments and Private Lending, which claims that Lisa Marie Presley, Keough’s mother and Elvis’ only child, signed a Deed of Trust in 2018 securing a $3.8 million by using the Memphis-based Graceland as collateral.

In a 60-page lawsuit against Naussany Investments that was filed on May 15 in Shelby County Chancery Court, Keough stated that her mother never did business with Naussany, adding the notary allegedly involved in the deed acknowledged he never met Lisa Marie Presley.

“These documents are fraudulent,” the lawsuit said. “On information and belief, Naussany Investments & Private Lending LLC is not a real entity. Naussany Investments & Private Lending LLC appears to be a false entity created for the purpose of defrauding the Promenade Trust (the trust of Keough and formerly of Lisa Marie Presley), the heirs of Lisa Marie Presley, or any purchaser of Graceland at a non-judicial sale.”

Priscilla Presley, Lisa Marie’s mother and Elvis’s ex-wife, also weighed in on the issue, posting on her X account, “It’s a scam.” Elvis Presley Enterprises, the company that manages Presley’s estate, issued a statement that said, “Elvis Presley Enterprises can confirm that these claims are fraudulent. There is no foreclosure sale. Simply put, the counter lawsuit has been filed is to stop the fraud.”

Keough is seeking a restraining order against Naussany “or any party acting in concert” with them “from conducting any non-judicial sale of the property.” An injunction hearing is set for Wednesday; the company announced a non-judicial auction would take place on May 23 on the grounds of the Shelby County Courthouse.

Elvis acquired the 13.8-acre property in 1957 and died at the estate in 1977; he is buried on its grounds, along with his parents, grandmother, daughter and grandson. Graceland welcomes approximately 600,000 visitors each year, and it was listed in the National Register of Historic Places in 1991 and was named a National Historic Landmark in 2006.

Sandstone Group