Elvis Presley's Graceland: Heir Riley Keough Sues Over Alleged Fraudulent Loan and Auction Attempt

Memphis, Tennessee United States of America
Elvis Presley's granddaughter Riley Keough is suing Naussany Investments & Private Lending LLC over alleged fraudulent loan and auction attempt on Graceland.
Graceland, Elvis Presley's historic home, attracts over 500,000 visitors annually and is considered one of America's most popular museums.
Naussany Investments presented documents claiming Lisa Marie Presley had borrowed $3.8 million from them, but these documents are disputed.
Riley Keough's lawsuit alleges forgery of legal documents and fraudulent activities by the company.
The Tennessee court chancellor ruled Naussany Investments will withdraw all claims with prejudice and not proceed with foreclosure on Graceland.
Elvis Presley's Graceland: Heir Riley Keough Sues Over Alleged Fraudulent Loan and Auction Attempt

Elvis Presley's Graceland Mansion: A Battle Over Ownership and Alleged Fraud

The iconic Graceland mansion, the historic home of legendary musician Elvis Presley, has been at the center of a heated legal battle between Elvis' granddaughter Riley Keough and Naussany Investments & Private Lending LLC. The company had planned to auction off Graceland due to an alleged loan default by Lisa Marie Presley, Elvis' daughter, who died in January 2023.

However, Riley Keough filed a lawsuit earlier this month claiming that there was no such loan and that Naussany Investments & Private Lending LLC is a false entity created to defraud the estate. The lawsuit also alleges forgery of legal documents and fraudulent activities by the company.

The controversy began when Naussany Investments & Private Lending LLC presented documents claiming that Lisa Marie Presley had borrowed $3.8 million from them and gave a deed of trust encumbering Graceland as security. However, Riley Keough's lawsuit states that these documents are fraudulent.

The notary public whose name appeared on the disputed document has denied having notarized Lisa Marie Presley's signature. Furthermore, the Tennessee court chancellor ruled in a hearing on May 23, 2024, that Naussany Investments & Private Lending LLC will withdraw all claims with prejudice and will not proceed with its claim to foreclose on Graceland.

Graceland has been a significant part of Memphis' history since Elvis bought the estate for $102,500 in 1957. The property attracts over 500,000 visitors annually and is considered one of America's most popular museums.

After Lisa Marie Presley's death, Riley Keough became the heir to Graceland. However, the recent events have raised concerns about the ownership and future of this iconic landmark.

The legal battle between Riley Keough and Naussany Investments & Private Lending LLC is ongoing. The outcome will determine whether Graceland remains in the hands of Elvis' family or is sold to a new owner.



Confidence

90%

Doubts
  • The authenticity of the disputed documents presented by Naussany Investments.
  • The identity of the notary public who allegedly notarized Lisa Marie Presley's signature on the disputed documents.

Sources

100%

  • Unique Points
    • FBI is investigating alleged auction fraud surrounding Elvis Presley’s Graceland mansion
    • Riley Keough filed a lawsuit stating documents were a fraud, her mother’s signature was forged and the company was a ‘false entity’
  • Accuracy
    No Contradictions at Time Of Publication
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (100%)
    None Found At Time Of Publication
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (100%)
    None Found At Time Of Publication

96%

  • Unique Points
    • A version of this story appeared in CNN Business’ Nightcap newsletter.
    • Riley Keough filed a lawsuit claiming there was no such loan made to her mother and that Naussany presented forged documents as evidence.
    • The notary public whose name appeared on the disputed document denied having notarized Lisa Marie Presley’s signature.
  • Accuracy
    No Contradictions at Time Of Publication
  • Deception (80%)
    The article reports on a legal dispute between Riley Keough and Naussany Investments over the ownership of Graceland. The author does not make any editorializing or pontification statements, but there are some instances of selective reporting and emotional manipulation. The author only reports details that support the idea that Naussany Investments may have attempted to fraudulently acquire Graceland through a foreclosure sale. However, they do not report any counterarguments or evidence from Naussany Investments' perspective. Additionally, the author uses phrases like 'truly bananas series of events' and 'all-time most foolish' to elicit an emotional response from the reader.
    • If you pitched a movie script about it, the writers of the National Treasure movies would laugh you out of the room.
    • It is a truly bananas series of events that led to Graceland, a beloved tourist attraction in Memphis, getting pulled from the auction block just one day before it was scheduled for a foreclosure sale.
  • Fallacies (100%)
    None Found At Time Of Publication
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (100%)
    None Found At Time Of Publication

100%

  • Unique Points
    • Tennessee court chancellor ruled that a company trying to sell Graceland likely committed fraud
    • Danielle Riley Keough took ownership of Graceland after her mother and Elvis Presley’s daughter, Lisa Marie Presley, died in January 2023
    • Naussany Investments & Private Lending LLC will withdraw all claims with prejudice and will not proceed with its claim to foreclose on Graceland
    • Keough filed a lawsuit earlier this month claiming there was no such loan and Naussany isn’t even a real company
  • Accuracy
    No Contradictions at Time Of Publication
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (100%)
    None Found At Time Of Publication
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (100%)
    None Found At Time Of Publication

98%

  • Unique Points
    • Riley Keough's lawyers claim that Naussany Investments & Private Lending LLC is fraudulently planning to auction off Graceland.
    • The company, Naussany Investments & Private Lending LLC, is accused of presenting fake documents about a loan and a deed of trust encumbering Graceland as security.
  • Accuracy
    No Contradictions at Time Of Publication
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (100%)
    None Found At Time Of Publication
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (100%)
    None Found At Time Of Publication

100%

  • Unique Points
    • Elvis Presley's granddaughter, Danielle Riley Keough, is suing to stop a foreclosure sale of Graceland scheduled for May 23, 2024.
    • Keough alleges fraud and claims the company behind the sale, Naussany Investments & Private Lending LLC, doesn't exist and has no rights to the property.
    • Last year, Naussany Investments & Private Lending LLC presented documents purporting to show that Lisa Marie Presley had borrowed $3.8 million from them and gave a deed of trust encumbering Graceland as security. However, Keough's lawsuit claims these documents are fraudulent.
    • The lawsuit alleges that Naussany Investments & Private Lending LLC appears to be a false entity created for the purpose of defrauding.
    • CNN's attempts to reach Naussany Investments & Private Lending LLC by email and phone were unsuccessful, and the business could not be located in Missouri or nationwide.
  • Accuracy
    No Contradictions at Time Of Publication
  • Deception (100%)
    None Found At Time Of Publication
  • Fallacies (100%)
    None Found At Time Of Publication
  • Bias (100%)
    None Found At Time Of Publication
  • Site Conflicts Of Interest (100%)
    None Found At Time Of Publication
  • Author Conflicts Of Interest (100%)
    None Found At Time Of Publication