Riley Keough says the sale of Graceland, the iconic home to her grandfather Elvis Presley, is “fraudulent" and that she will fight any plans to publicly auction off the Memphis, TN estate.
The actress has filed a complaint on behalf of the Promenade Trust looking to block the non-judicial sale of Presley's house by Naussany Investments & Private Lending LLC scheduled for this coming Thursday, May 23.
According to People, Keough filed a lawsuit yesterday (May 20) that responds to a claim by Naussany Investments & Private Lending LLC claiming that her late mother, Lisa Marie Presley, who passed away in January 2023, had taken out a $3.8 million loan against the 13.8-acre property, which was used as collateral.
In the suit, Keough's lawyer alleges that “Lisa Maria Presley never borrowed money from Naussany Investments and never gave a deed of trust to Naussany Investments."
Keough is asking the court for a restraining order against Naussany Investments & Private Lending LLC, “or any party acting in concert” with them “from conducting any non-judicial sale of the property," alleging that Naussany presented fraudulent documents regarding the loan and unpaid sum in September 2023.
“The purported note and deed of trust are products of fraud and those individuals who were involved in the creation of such documents are believed to be guilty of the crime of forgery,” the suit argues.
In a statement issued today (May 21), Elvis Presley Enterprises Inc. said, “Elvis Presley Enterprises can confirm that these claims are fraudulent. There is no foreclosure sale. Simply put, the counter lawsuit has been filed is to stop the fraud."
Elvis Presley purchased Graceland on March 25, 1957 for $102,500. The property was opened up to the public as a museum and tourist attraction in 1982 and averages approximately 600,000 visitors every year. Elvis, along with his parents, grandmother, daughter and grandson are all buried on the estate.