Elvis Presley’s granddaughter slams Graceland public sale as ‘fraudulent’ | Celebrity News | Showbiz & TV | EUROtoday

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Elvis Presley’s residence and burial web site Graceland shall be bought off at a foreclosures public sale his granddaughter Riley Keough has accused of being “fraudulent”.

A authorized discover was printed this month confirming the property and surrounding land on Elvis Presley Boulevard shall be auctioned off for money to the very best bidder at Shelby County Courthouse on Thursday, May 23, based on WREG-TV News.

However, Graceland’s present proprietor Riley, 34, has challenged the sale with a lawsuit.

On Monday, a brief restraining order was issued towards the sale, by way of Riley’s legal professional, with an injunction listening to scheduled for Wednesday.

According to the authorized discover, the Daisy Jones and the Six actress’ mom, Elvis’ solely youngster Lisa Marie Presley, secured a $3.8 million (£3 million) mortgage utilizing Graceland as collateral by signing a Deed of Trust in 2018.

Read extra: Elvis Presley’s Graceland unseen – Inside his attic and what was stored in roof

The sum was allegedly taken via a Missouri firm known as Naussany Investments and Private Lending, which claims Lisa Marie didn’t pay again the mortgage earlier than her demise final 12 months aged 54.

Now, Riley’s lawsuit filed on May 15, claims her mom didn’t borrow any cash from the corporate within the first place.

The lawsuit claims, “These documents are fraudulent”, with Riley claiming that her mom’s signatures on the deed are literally forgeries.

She additionally claims that Naussany Investments is just not truly an actual firm.

Moreover, the notary listed on the paperwork has denied ever notarising Lisa Marie’s signature and even assembly her.

Elvis’ daughter inherited the property after his demise in 1977 earlier than it was opened to the general public as a museum in 1982. Riley grew to become inheritor to the property upon Lisa Marie’s demise in January 2023.

The Suspicious Minds rock star purchased Graceland for $102,000 (£80,000) in 1957 and it stays an iconic image of the King of Rock and Roll’s legacy, attracting tons of of hundreds of tourists annually.

A video on the Graceland web site confirms each remaining piece of furnishings within the residence was bought throughout Elvis’ time there, and it additionally contains a museum containing a number of notable artifacts from his profession.

According to Rolling Stone, the property is estimated to be value between $400-600 million (£314-472 million).