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Riley Keough Takes Battle to Save Graceland to Court

Riley Keough Takes Battle to Save Graceland to Court

Actress Riley Keough is taking the fight to save Graceland — the iconic Memphis home of her grandfather Elvis Presley — to court this week after what she claims is a fraudulent attempt to use her late mother’s forged signature to pass the property over to settle a multi-million dollar debt.

Keough, the trustee of the Promenade Trust, filed a lawsuit on May 15 in Shelby County Chancery Court and is now seeking to block an entity named Naussany Investments & Private Lending LLC from taking profits from the sale of Graceland, a longtime Memphis tourism destination and place of pilgrimage for Presley and his fans worldwide. In the complaint, Keough’s attorney suggests that the entity attempting to have Graceland sold off forged Lisa Marie Presley’s signature on the document that allowed the famed property to be held as collateral for a $3.8 million loan.

“These documents are fraudulent,” Keough’s lawyer wrote in a lawsuit, according to the Associated Press. “Lisa Maria Presley never borrowed money from Naussany Investments and never gave a deed of trust to Naussany Investments.”

Priscilla Presley, the ex-wife to Elvis and Keough’s grandmother, also posted a photo of Graceland to her Instagram account on Monday with the graphic stating, “It’s a scam” floated on top.

Graceland.

Justin Ford/Getty Images

This month, a public notice for a foreclosure sale indicated that Promenade Trust owes $3.8 million, debt that it alleged came after failure to repay a loan. This is alleged to have been taken out in 2018 by Keough’s late mother; according to Naussany Investments & Private Lending LLC, Lisa Marie Presley gave them a deed of trust with Graceland as collateral. Now, her daughter owns the trust outright, as she inherited it and ownership of the home after her mother’s death in 2023. The Mad Max: Fury Road actor’s brother, Benjamin Keough, died in 2020.

This week, Keough was granted a temporary restraining order against Naussany Investments & Private Lending LLC, or anyone acting with it from conducting any non-judicial property sale. On Wednesday, she will face Kurt Naussany, the man behind Naussany Investments & Private Lending LLC in court as the fate of Graceland may be decided — as will the veracity of claims the defendant’s business is bogus. 

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“On information and belief, Naussany Investments & Private Lending LLC is not a real entity,”  Keough’s complaint states. “Naussany Investments & Private Lending LLC appears to be a false entity created for the purpose of defrauding the Promenade Trust (the trust of Keough and formerly of Lisa Marie Presley), the heirs of Lisa Marie Presley, or any purchaser of Graceland at a non-judicial sale.”

Elvis Presley Enterprises Inc. said in a statement Monday that the fraud claim holds water.

“Elvis Presley Enterprises can confirm that these claims are fraudulent. There is no foreclosure sale. Simply put, the counter lawsuit that has been filed is to stop the fraud,” the corporate entity that runs Graceland said in a statement.

Five years after Elvis Presley died in 1977, Graceland opened as a museum and tourist attraction in 1982 as a tribute to the singer and actor, drawing visitors in the hundreds of thousands annually,.

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