Tennessee Attorney General to look into attempted auction of Elvis Presley's Graceland (2024)

Tennessee Attorney General Jonathan Skrmetti announced Thursday that his department would look into the attempt by a mysterious investment group to foreclose on Elvis Presley's Graceland.

"Graceland is one of the most iconic landmarks in the State of Tennessee, and the Presley family have generously shared it with the world since Elvis's passing," Skrmetti said in a statement. "Elvis made Memphis the center of the music universe, and Graceland stands as a monument to his legacy and a fond remembrance for his family."

Actress Riley Keough, Presley's granddaughter, and daughter of Lisa Marie Presley, sued to stop a company calling itself "Naussany Investments and Private Lending LLC" from auctioning off the property. The sale had been scheduled for Thursday morning at the front of the courthouse but was blocked by a judge.

Skrrmetti said lawyers from the AG's office would look into the matter "and identify" what they could do to "protect both Elvis Presley’s heirs and anyone else who may be similarly threatened.”

"My office has fought fraud against homeowners for decades, and there is no home in Tennessee more beloved than Graceland," Skrmetti said.

During a hearing Wednesday in Memphis that lasted around eight minutes, Shelby County Chancellor JoeDae Jenkins adjourned the sale of Graceland, saying, "The notary has sworn that the notary did not notarize the signature of Lisa Marie Presley on the deed of trust, which brings in the question as to the authenticity of the signature and indeed the deed of trust as being a fraud."

The Tennessee hearing was called to determine whether "Naussany Investments and Private Lending LLC" could proceed with an advertised plan to auction off the estate of the king of rock 'n' roll, which for decades has been a major tourist magnet.

Keough is alleging Naussany presented fraudulent documents last September "purporting to show that Lisa Marie Presley had borrowed $3.8 million from Naussany Investments and gave a deed of trust encumbering Graceland as security," according to the court documents obtained by Memphis ABC affiliate WATN.

Keough is being represented by attorneys based in Memphis and Jacksonville, Florida. It is not yet clear whether Naussany Investments has an attorney; no lawyer appeared in court Wednesday on behalf of the group.

“We requested the temporary injunction and the court granted it,” Jeff Germany, the Memphis-based lawyer representing Keough, told reporters following the proceeding.

ABC News obtained a copy of the motion after court on Wednesday.

"I believe the claims made against Naussany Investments & Private Lending are unfounded and do not warrant the issuance of a Declaratory Injunction or Temporary Restraining Order," a man identified as "Gregory E. Naussany" wrote.

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"Lending the opportunity to present defense against the allegations made by Danielle Riley Keough, Trustee of the Promenade Trust, Naussany Investments & Private Lending is prepared to provide evidence and arguments to demonstrate the relief sought is not justified in this case," he added. "I respectfully request that the Court consider Motion of Denial and rule in my favor."

ABC News reached out to all email addresses that were listed in court documents for Naussany Investments to seek comment. On Wednesday evening, an individual identifying themself as "Kurt Naussany” responded, "You can wait like everyone else when documents are filed in the next 48 hours."

Shelby County Chancery Court representatives told ABC News that they had not received any withdrawal motions from Naussany Investments as of Thursday afternoon.

The addresses for Naussany Investments and the associated firm of NIPL LLC that are listed in court papers are all post office boxes, with one being in Jacksonville and the other two being in Missouri’s Ozark Mountains.

Naussany Investments is not listed as a registered business in Florida, Missouri or Tennessee.

Keough's legal team told the court that signatures from Lisa Marie Presley on a promissory note and deed of trust were forged. Court filings say that the documents were "purportedly acknowledged before notary public Kimberly Philbrick in May 2018 in Duval County, Florida" but never recorded with the Shelby County Register.

The court filings show that Philbrick, a registered notary in Daytona Beach, Florida, signed an affidavit on May 8 saying that she never met Lisa Marie Presley and never notarized these documents.

Philbrick has not yet responded to requests for comment from ABC News.

Graceland remains open to the public for tours this week.

ABC News' Josh Margolin contributed to this report.

Tennessee Attorney General to look into attempted auction of Elvis Presley's Graceland (2024)

FAQs

Tennessee Attorney General to look into attempted auction of Elvis Presley's Graceland? ›

Tennessee Attorney General Jonathan Skrmetti is looking into the attempted foreclosure auction of Elvis Presley's iconic Memphis home, known as Graceland, by an alleged private investment company. On Wednesday, Naussany Investments and Private Lending LLC dropped its foreclosure efforts against Graceland.

Who owns Graceland in Memphis, Tennessee? ›

As the sole trustee of her late mother's estate, actress/filmmaker Riley Keough — Elvis Presley's granddaughter and the oldest of Lisa Marie Presley's three daughters — is the owner of Graceland, the Memphis mansion bought by the King of Rock 'n' Roll in 1957.

What was Elvis' net worth at death? ›

At the time of his death in 1977, Elvis Presley's net worth was around $5 million, according to Celebrity Net Worth. (That's around $24 million today.)

Does Elvis's daughter remember him? ›

What did Riley Keough inherit? ›

After Riley's mother, Lisa Marie Presley, passed away unexpectedly in January of this year, the actress inherited Graceland, her grandfather's famous estate in Memphis, Tennessee.

Who gets Elvis Presley's royalties? ›

As a result, Lisa Marie does not own the artist's royalties on sales of recordings made before March 1973, however the Elvis Presley Enterprises (EPE) does own his artist's royalties on sales of recordings made after that date, which still earns them a hefty sum.

How much did Priscilla Presley inherit from Elvis? ›

According to Celebrity Net Worth, when Priscilla and Elvis split in 1973, she got a one-time payment of $725,000. On top of that, Priscilla was granted spousal support, child support, 5 percent of Elvis' royalties, and half the money from the sale of their house.

Who gets Elvis Presley's money now? ›

The sudden death of Lisa Marie Presley means that her three daughters will become the new owners of their grandfather's historic estate, Graceland. It is one of the few things their mother controlled at the time of her death, despite becoming the sole owner of Elvis Presley's estate at the age of 25.

What was Lisa Marie Presley's net worth when she died? ›

What Was Lisa Marie Presley's Net Worth? Elvis' only daughter was valued at about -$10 million, according to Celebrity Net Worth, and it has a lot to do with her father's $100 million fortune she inherited at the time of his death.

Why can't Graceland be sold? ›

Graceland foreclosure sale halted as Presley estate's lawsuit moves forward. A judge has halted the auction of Graceland by a company that claimed Elvis Presley's estate failed to repay a loan that used the property as collateral. MEMPHIS, Tenn.

What is Priscilla Presley's net worth? ›

Celebritynetworth estimates her wealth at around $50 million, a testament to her ability to carve her own path after parting ways with Elvis Presley and establishing herself as an accomplished businesswoman, actress, and savvy real estate investor.

What caused Lisa Presley's death? ›

LOS ANGELES — Lisa Marie Presley, the only child of rock 'n' roll icon Elvis Presley, died of small bowel obstruction, the Los Angeles County medical examiner's office ruled.

Did Elvis really love his daughter? ›

Although they certainly had a raucous time together out in the world, Elvis ensured he maximised his quality time alongside his beloved daughter. "They had their father-daughter private times, he would play with her and they talked," Danny remembers from his time at Graceland. "He loved when he had Lisa."

Why did Riley Keough lock Priscilla out of Graceland? ›

Per The Daily Mail, Keough's decision comes after Priscilla contested an amendment to her late daughter Lisa Marie Presley's will.

How much did Riley Keough get paid for Daisy Jones? ›

What Did Riley Keough Make for Daisy Jones & the Six? Riley's paycheck rudely hasn't been confirmed by Amazon Prime Video, but there's an unsubstantiated claim that she made $1.5 million for the series, which would break down to about $150,000 per episode.

Who inherited Lisa Marie Presley's fortune? ›

After Lisa Marie's death in 2023, Graceland and her trust were inherited by her daughters, Keough and Harper and Finley Lockwood, a representative for Graceland confirmed to People. Lisa Marie shared Riley with her ex-husband, Danny Keough, whom she divorced in 1994.

Do the Presleys still own Graceland? ›

Share this: Now that Riley Keough's months-long legal battle over her late mom Lisa Marie Presley's estate with grandmother Priscilla Presley is settled, she is now the sole owner of Graceland.

How much is Graceland worth now? ›

According to Rolling Stone, the property has an estimated market value of $718 million.

Who is the heir to Lisa Marie Presley's estate? ›

A Los Angeles judge officially approved Riley Keough, Lisa Marie's eldest child and Elvis Presley's granddaughter, to become the sole heir of her late mother's estate, according to multiple outlets. Watch News4 now: Stream NBC4 newscasts for free right here, right now.

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