Keough Fights Alleged Fraudulent Sale
In a dramatic turn of events, Riley Keough, the granddaughter of the legendary Elvis Presley, has taken a stand against what she describes as a fraudulent attempt to auction off Graceland, the iconic home of the late King of Rock ‘n’ Roll.
The Memphis estate, which has long stood as a symbol of Presley’s enduring legacy, is currently embroiled in a legal battle as Keough, a trustee of the Promenade Trust, challenges the legitimacy of the foreclosure auction set by Naussany Investments and Private Lending LLC for Thursday, May 23.
At the heart of the dispute is a $3.8 million loan allegedly secured by Keough’s late mother, Lisa Marie Presley, with Graceland as collateral. Naussany Investments claims that the loan went unpaid, leading to the auction decision. However, Keough asserts that the Deed of Trust and associated documents are fraudulent, accusing those involved of forgery and questioning the very existence of Naussany Investments as a legitimate entity.
The 34-year-old actress, who recently gained sole trusteeship of her mother’s estate, has filed a 60-page lawsuit vehemently denying any borrowing from Naussany Investments by her late mother. The lawsuit also includes an injunction hearing scheduled for Wednesday, following a temporary restraining order granted on Monday.
Adding to the chorus of voices supporting Keough’s stance is Priscilla Presley, who took to social media to denounce the auction as a scam. The family’s efforts to protect Graceland come after a complex legal struggle that saw Riley Keough secure ownership of the estate, where Elvis himself was laid to rest in 1977.
As the legal proceedings unfold, fans and followers of the Presley legacy are closely watching, hoping that Graceland will remain a treasured monument to the memory of Elvis Presley, untouched by the controversy that now surrounds it.
