"No harm meant" - Company drops plan to auction Graceland amid fraud claims from Riley Keough
Company drops plan to auction Graceland after judge blocks sale amid fraud claims https://t.co/gJ0riWDLen pic.twitter.com/E3R6CdvMDX
- Reuters (@Reuters) May 22, 2024
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Well THAT was quick.
Shortly after a Memphis judge ruled in favor of Riley Keough blocking a foreclosure auction of Graceland and calling for an investigation into Riley's claims of fraud, Naussany Investments has backed off.
Naussany Investments had claimed that Elvis Presley’s daughter, Lisa Marie Presley - who died last year at age 54 - had used Graceland as collateral when borrowing $3.8 million that was never repaid, according to a public notice of the intended sale.
Presley's granddaughter, actress Riley Keough - who inherited the home after her mother's death - sued Naussany, asserting that her mother never took out the loan and that Naussany was engaged in fraud, including forging her mother's signature on multiple documents.
In a sworn affidavit attached to the lawsuit, the notary public listed on Naussany's documents said she never met Lisa Marie Presley or notarized her signature.
In a statement, Gregory Naussany, whose role in the company is not clear, said it would "be withdrawing all claims" and proceeded to blame Riley's mother, Lisa Marie Presley. He did not directly address Keough's allegations of fraud.
"Due to the Deed of Trust not being recorded and the loan being obtained in different state, legal action would have to be filed in multiple states and NAUSSANY Investments & Private Lending will not acquire to proceed. That comes from consultation of the lawyers for the company. There was no harm meant on Ms. Keough for her mothers LMP mis habits and mis managing of money. The company will be withdrawing all claims with prejudice"
In a statement, Elvis Presley Enterprises, which operates Graceland, said, "As the court has now made clear, there was no validity to the claims. There will be no foreclosure."
Riley Keough has yet to comment.
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