Riley Keough, Elvis’ granddaughter and the new owner of Graceland after her mother Lisa Marie Presley died at the age of 54 in January 2023, claims in a lawsuit that the forthcoming sale is “fraudulent,” according to News.
The complaint originates from a 2018 deed of trust that Keough’s late mother, Elvis’ only child, allegedly signed to get a $3.8 million loan from Naussany Investments and Private Lending LLC in Missouri.
The corporation claims Graceland was used as collateral for the loan, which was never repaid.
However, in fresh court filings, Keough is disputing the sale of the Memphis, Tennessee, compound, saying that her mother never signed over anything or borrowed any money.
Elvis Presley Enterprises, the company that manages Graceland and the Elvis Presley Trust’s assets, stated in a statement to the News that the planned sale is a scam.
