Elvis Presley’s iconic Graceland estate is not up for grabs as a Tennessee court ruled in favor of his heirs, halting a potential fraudulent sale by a company claiming ownership. Actress Riley Keough, the artist’s granddaughter and legal heir, raised the alarm against Naussany Investments & Private Lending, accusing them of trying to foreclose on the property based on falsified documents.
The court hearing in Shelby County acknowledged the uniqueness and historical significance of Graceland, emphasizing the irreparable harm of losing such a valuable asset. With doubts surrounding the true ownership of the property and evidence of document forgery, Chancellor JoeDae L. Jenkins decided to postpone the sale until the rightful owner is determined.
The dispute stems from a loan claim made by Naussany, allegedly involving Lisa Marie Presley and her financial struggles. Keough and her legal team vehemently deny these allegations, citing fraud and forgery. Elvis Presley Enterprises has backed Keough’s claims, filing a counterclaim to stop the fraudulent sale.
As the legal battle ensues, the legacy of Elvis Presley and the future of Graceland remain uncertain, highlighting the complexities of managing a legendary estate like that of the “King of Rock and Roll.”
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