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Elvis’ granddaughter fights Graceland foreclosure sale and alleges fraud
libertybele:
Such a shame -- Graceland is a piece of history. Hopefully she'll win in court.
Elvis’ granddaughter fights Graceland foreclosure sale and alleges fraud
Elvis Presley’s granddaughter is suing to stop a foreclosure sale of the late singer’s historic Memphis home, Graceland, scheduled this week, alleging fraud and saying the purported company behind the sale doesn’t exist and has no rights to the property.
Danielle Riley Keough, the granddaughter of Elvis and the current owner of the property, was able to get a restraining order against any sale before a court rules on her application for an injunction, according to court documents obtained by CNN.
Keough filed a lawsuit this month stating that last year, “Naussany Investments & Private Lending LLC presented documents purporting to show that Lisa Marie Presley had borrowed $3.8 million from Naussany Investments and gave a deed of trust encumbering Graceland as security.”
Lisa Marie Presley, Elvis’ daughter and Keough’s mother, died in January 2023. Lisa Marie Presley was the sole heir to Graceland and her father’s estate when he died in 1977, and its overall worth has now reportedly reached into the hundreds of millions of dollars.
“These documents are fraudulent,” Keough’s lawsuit alleges. “Lisa Marie Presley never borrowed money from Naussany Investments and never gave a deed of trust to Naussany Investments.”
The court document also identified a notary in Florida who said she “never met Lisa Marie Presley nor notarized any document for her,” despite her name being on loan paperwork. ................
https://www.cnn.com/2024/05/20/business/graceland-elvis-granddaughter-fights-foreclosure-sale/index.html
catfish1957:
I'd wager Memphis, Shelby County, or the State of TN, will step in before someone turns it into a theme park.
It is that historical.
jmyrlefuller:
Riley Keough is a pretty big movie star herself.
libertybele:
--- Quote from: catfish1957 on May 21, 2024, 10:35:20 pm ---I'd wager Memphis, Shelby County, or the State of TN, will step in before someone turns it into a theme park.
It is that historical.
--- End quote ---
It is historical but investors sometimes get their way with their $$.
Memphis wasn't a real good area when we went and visited Graceland and I'd assume it's gotten worse so perhaps 'investors' would like to see something that would profit themselves rather than preserve any history in the area. :shrug:
OTH -- It's the home of Elvis though through the years his popularity has waned.
DefiantMassRINO:
I hope Disney doesn't get it. They've already ruined Pixar, Star Wars, Marvel Entertainment, and classic animated films with their work re-makes.
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