People are starting to have “Suspicious Minds” regarding the company behind the foreclosure and sale of Graceland.
But any such movement on the sale was stopped Wednesday when Chancellor JoeDae Jenkins ruled there will be no auction on Elvis’ estate until rightful ownership can be established, according to CNN.
Graceland was scheduled to be on the auction block Thursday.
Jenkins noted the mysterious company behind the sale could have committed fraud.
Naussany Investments & Private Lending LLC out of Missouri alleges Lisa Marie Presley, Elvis’ only child, defaulted on a $3.8 million loan and had used Graceland as collateral.
Jenkins said any sale of Graceland would irreparably harm Riley Keough, Lisa Marie Presley’s daughter, who now heads the estate following Lisa Marie Presley’s death in 2023.
“The estate is considered unique under Tennessee law, and in being unique the loss of the real estate will be considered irreparable harm,” Jenkins said.
Keough claims any documentation presented by Naussany is fraudulent. She also asserts Naussany is not a real company.
“These documents are fraudulent,” the lawsuit alleges. “Lisa Marie Presley never borrowed money from Naussany Investments and never gave a deed of trust to Naussany Investments.”
Keough is disputing a notarized promissory note the company alleges was signed by Lisa Marie Presley, saying the signature is forged.
There is also an affidavit by the notary public, denying notarizing anything Lisa Marie Presley had signed.
Jenkins said Wednesday that Keough’s lawsuit could successful.
“It appears you’ll be successful on the merits … provided you prove at the ultimate hearing fraud alleged by your client and the notary,” Jenkins said Wednesday.
Elvis Presley Enterprises, the company that manages the estate, also stated Naussany’s claim was not legitimate.
“Elvis Presley Enterprises can confirm that these claims are fraudulent,” the company said. “
There is no foreclosure sale. Simply put, the counter lawsuit has been filed is to stop the fraud.”
