The granddaughter of Elvis Presley, Riley Keough, is putting up a legal fight to keep the late music icon’s famous Graceland from being sold in a foreclosure auction.
Keough inherited Graceland after her late mother Lisa Marie Presley unexpectedly passed away in early 2023. She has filed documents to block the foreclosure auction of her grandfather’s famous Memphis, Tennessee property. The auction is scheduled to occur on Thursday, May 23.
The foreclosure was based on Lisa Marie signing documents to borrow $3.8 million from Naussany Investment and Private Lending.
She used Elvis Presley’s Graceland as collateral for the loan. Nassuany stated that Lisa Marie had defaulted on the loan before her death.
In her legal documents, which were filed in Shelby County Chancery Court, Keough accuses Nassuary of fraud. She also states her mother never borrowed money from the company.
Keough claimed that signatures on the deed to Elvis Presley’s Graceland were forged. She noted the notary listed confirmed she neither met with Lisa Marie nor did she notarized any documents for Elvis Presley’s daughter.
A hearing on the situation is scheduled for Wednesday, May 22.
Elvis Presley’s Ex-Wife Priscilla Also Calls The Situation a ‘Scam’ on Social Media
Meanwhile, Elvis Presley’s ex-wife and Keough’s grandmother, Priscilla, called out the situation by stating what was happening to Graceland.
She took to X (formerly Twitter) to share her outrage. “It’s a scam!” she declared. She also shared a five-second clip with the Graceland mansion repeating her accusation.
Keough’s mother inherited Graceland after her father Elvis Presley died in 1977. Following a legal situation with Priscilla, Keough was put in charge of the famous estate.
PEOPLE reported in late 2023, a Los Angeles Superior Court judge approved a settlement agreement between Priscilla and Riley. Through the agreement, Priscilla was to receive a $1 million payment funded by Lisa Marie’s $25 million life insurance policy. Priscilla’s son Navarone Garibaldi was also named a beneficiary of Lisa Marie’s trust.
Keough will permit Priscilla to be buried near Elvis Presley at Graceland upon her death. Priscilla is also set to receive $100,000 a year for her role as a special advisor of the Promenade Trust, which is related to its shareholder interest in Elvis Presley Enterprise. The payments are guaranteed for 10 years or until Priscilla’s death.
The agreement further put Keough in charge of the sub-trusts of her 15-year-old half sisters Harper and Finley Lockwood. As beneficiaries, Riley, Harper, and Finley will all equally split 8/9s of Lisa Marie’s trust. Garibaldi will reiceve the remaining 1/9.