CNN
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Elvis Presley’s granddaughter is suing to cease a foreclosures sale of the late singer’s historic Memphis house, Graceland, scheduled this week, alleging fraud and saying the purported firm behind the sale doesn’t exist and has no rights to the property.
Danielle Riley Keough, the granddaughter of Elvis and the present proprietor of the property, was capable of get a restraining order in opposition to any sale earlier than a courtroom guidelines on her utility for an injunction, in response to courtroom paperwork obtained by CNN.
Keough filed a lawsuit this month stating that final 12 months, “Naussany Investments & Non-public Lending LLC offered paperwork purporting to indicate that Lisa Marie Presley had borrowed $3.8 million from Naussany Investments and gave a deed of belief encumbering Graceland as safety.”
Lisa Marie Presley, Elvis’ daughter and Keough’s mom, died in January 2023. Lisa Marie Presley was the only inheritor to Graceland and her father’s property when he died in 1977, and its total price has now reportedly reached into the a whole bunch of tens of millions of {dollars}.
“These paperwork are fraudulent,” Keough’s lawsuit alleges. “Lisa Marie Presley by no means borrowed cash from Naussany Investments and by no means gave a deed of belief to Naussany Investments.”
The courtroom doc additionally recognized a notary in Florida who stated she “by no means met Lisa Marie Presley nor notarized any doc for her,” regardless of her identify being on mortgage paperwork.
The lawsuit alleges Naussany Investments & Non-public Lending LLC “seems to be a false entity created for the aim of defrauding.”
CNN emailed Naussany Investments & Non-public Lending LLC and acquired an automatic reply, “We’re at present out of the workplace; we are going to resume regular enterprise hours on Tuesday Might 28, 2024.”
When CNN tried to achieve Naussany Investments & Non-public Lending LLC by telephone, the quantity was now not in service. The enterprise was listed in a courtroom doc from Keough’s lawyer as being situated in Kimberling Metropolis, Missouri, however CNN was unable to find a enterprise within the state of Missouri by that identify by way of the secretary of state’s workplace. CNN was additionally unable to find a enterprise by that identify when looking out nationwide.
“Naussany Investments has now scheduled a non-judicial sale of Graceland based mostly on the fraudulent deed of belief,” the lawsuit reads. “The sale is scheduled for Might 23, 2024. That is an motion to enjoin the non-judicial sale.”
Based on courtroom paperwork obtained by CNN, a short lived restraining order was granted on Might 15 prohibiting Naussany Investments & Non-public Lending LLC from conducting “any non-judicial sale” of the property.
CNN has sought remark from representatives and attorneys for Keough.
Graceland is among the South’s largest vacationer attracts and for years was the nation’s second-most visited home after the White Home. In 2020, a Presley executive advised Rolling Stone that Presley’s property was price between $400 million and $500 million.
Lisa Marie Presley yearly earned seven figures from it, based mostly on a courtroom submitting in her 2022 divorce.
A listening to is scheduled for Wednesday at 9 a.m. at Chancery Courtroom in Shelby County, Tennessee.
CNN’s Joe Sutton, Luciana Lopez and Alli Rosenbloom contributed to this report.