Elvis Presley's heir halts 'fraudulent' Graceland sale
Actress Riley Keough has sued to stop a scheme to defraud her family out of her grandfather's famous estate
What happened
Actor Riley Keough, Elvis Presley's granddaughter and trustee of his estate, sued last week to stop a foreclosure sale of Graceland scheduled for Thursday, saying the company purporting to own the Presley home and museum is trying to defraud the family. A Shelby County, Tennessee, judge paused the sale last week. Keough (pictured above outside Graceland with Post Malone) inherited Graceland last year after the death of her mother, Lisa Marie Presley.
Who said what
Keough's lawyers say Naussany Investments & Private Lending is "fraudulently" claiming Lisa Marie Presley used Graceland as collateral on a $3.8 million loan she never repaid. "Presley never borrowed money from Naussany Investments," which "is not a real entity," the lawsuit said. "Elvis Presley Enterprises can confirm that these claims are fraudulent," the group that manages Graceland said. "There is no foreclosure sale."
Kimberly Philbrick, the Florida notary whose signature is on the purported loan documents, said in an affidavit she never met Presley and does "not know why my signature appears on this document." Lawyers for Naussany Investments declined to comment.
What next?
The Shelby County Chancery Court judge will consider Keough's injunction request on Wednesday.
The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.
Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Peter has worked as a news and culture writer and editor at The Week since the site's launch in 2008. He covers politics, world affairs, religion and cultural currents. His journalism career began as a copy editor at a financial newswire and has included editorial positions at The New York Times Magazine, Facts on File, and Oregon State University.
-
Political cartoons for October 25Cartoons Saturday’s political cartoons include hospital bill trauma, Independence Day, and more
-
Roasted squash and apple soup recipeThe Week Recommends Autumnal soup is full of warming and hearty flavours
-
Ukraine: Donald Trump pivots againIn the Spotlight US president apparently warned Volodymyr Zelenskyy to accept Vladimir Putin’s terms or face destruction during fractious face-to-face
-
Music reviews: Olivia Dean, Madi Diaz, and Hannah FrancesFeature “The Art of Loving,” “Fatal Optimist,” and “Nested in Tangles”
-
Taylor Swift’s Showgirl: Much glitter, little goldFeature Swift’s new album has broken records, but critics say she may have gotten herself creatively stuck
-
Music reviews: Geese, Jeff Tweedy, and Mariah CareyFeature “Getting Killed,” “Twilight Override,” and “Here for It All”
-
The Harder They Come: ‘triumphant’ adaptation of cinema classicThe Week Recommends ‘Uniformly excellent’ cast follow an aspiring musician facing the ‘corruption’ of Kingston, Jamaica
-
Music reviews: Cardi B and WednesdayFeature “Am I the Drama?” and “Bleeds”
-
Music reviews: Dijon and Big ThiefFeature “Baby!” and “Double Infinity”
-
Sabrina Carpenter: Pop’s clown princessFeature The pop star shows humor in her latest album
-
10 concert tours to see this fallThe Week Recommends Concert tour season isn't over. Check out these headliners.
