Riley Keough, granddaughter of Elvis Presley and heir to Graceland, calls the foreclosure of the famous estate a “fraud” in a recently filed lawsuit.
The 34-year-old is a trustee of the Promenade Trust and is seeking to prevent Naussany Investments & Private Lending LLC from selling Presley’s iconic Memphis home in an out-of-court sale scheduled for Thursday, May 23. Keough also claims in the complaint that the LLC may not even be a “real entity.”
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Keough’s 60-page lawsuit, obtained by PEOPLE on Monday, May 20, was filed in response to Naussany Investments & Private Lending LLC claiming her late mother, Lisa Marie Presley, loaned them $3.8 million and gave them a deed of trust burdening Graceland as insurance against her Death in 2023.
Keough claims that “the note and deed of trust are fraudulent and unenforceable.”
“The purported note and deed of trust are products of fraud and the individuals who were involved in the creation of such documents are believed to be guilty of the crime of forgery,” Keough said in the lawsuit.
Riley Keough October 2023
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The life of Lisa Marie Presley in photos
She is asking the court to grant an injunction restraining Naussany Investments & Private Lending LLC, “or any party acting in concert” with them, “from conducting any out-of-court sale of the property.”
“Based on information and belief, Naussany Investments & Private Lending LLC is not a genuine entity. Naussany Investments & Private Lending LLC appears to be a sham entity created for the purpose of defrauding the Promenade Trust (the foundation of Keough and the former Lisa Marie Presley). ), the heirs of Lisa Marie Presley or any purchaser of Graceland in a nonjudicial sale,” Keough’s lawsuit also states.
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Riley Keough January 2024
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PEOPLE reached out to Keough’s attorneys, who declined to comment ahead of the scheduled Wednesday, May 22, arraignment.
PEOPLE also reached out to Naussany Investments but did not immediately hear back.
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Keough included in the lawsuit documentation of an alleged loan to her late mother, as well as a deed of trust. Keough’s legal counsel claims that Presley’s signature was forged on those documents.
Additionally, the lawsuit alleges that the notary who allegedly witnessed Presley’s signing of the contract never actually met her.
Priscilla Presley spoke out herself on Monday night, posting a photo of Graceland on her Instagram and announcing “it’s a scam” in big bold red letters.
In a statement to PEOPLE, Elvis Presley Enterprises agreed with Keough’s claims of fraud.
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