News that Graceland could be foreclosed shocked fans of Elvis Presley. But Presley’s granddaughter Riley Keogh claims this is a scam. This is not the first time investment financiers have tried to extract money from families. Lisa Marie Presley’s estate was sued in late 2023.
Nowsunny Investment and Private Lending LLC is seeking a $3.8 million loan allegedly lent to Lisa Marie before her death. The company alleges that she lent the money to Lisa Marie in 2018, but that Lisa Marie did not pay it back until after her death. She had until May 16, 2022 to repay the money. In response, the company filed a deed of trust that it claimed was signed by Lisa Marie. This act causes Graceland to be taken away from her family.
The company says Lisa Marie used real estate as collateral. At the time, her estate had 45 days to pay the $2.85 million. The family apparently chose not to pay the company. As you know, the Presleys have accused the company of being nothing more than a scam. Lisa Marie’s daughter has filed a lawsuit in court to stop her company from selling the house. She secured a temporary restraining order while the court hears the matter.
“These documents are fraudulent,” Keough’s lawsuit says. “This note and deed of trust are fraudulent and unenforceable.”
Lisa Marie Presley’s family fights back
“It is believed that the memo and trust deed are the product of fraud and that the individuals involved in the creation of such documents are guilty of forgery,” Mr Keogh continued.
“Upon information and belief, Nowsunny Investments and Private Lending LLC does not exist. Nowsunny Investments and Private Lending LLC appears to be a sham organization created for the purpose of defrauding Promenade Trust (Keough and the former Lisa Marie Presley trust), Lisa Marie Presley’s heirs, or whoever purchased Graceland in a non-judicial sale,” Keough added.
Presley’s lawyers also claim that the notary never approved Lisa’s signature and never met her. Therefore, they believe her signature was forged. Meanwhile, Graceland officials also released a statement. They said, “Elvis Presley Enterprises is able to confirm that these charges are fraudulent. There is no foreclosure sale. Simply put, the counterclaim was brought to stop the fraud.” said.
Priscilla Presley left behind a few but powerful words on this subject.
