21 May 2024 , 13:06
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Riley Keough has labelled the foreclosure auction of her grandfather Elvis Presley's iconic Graceland home as "fraudulent".
The renowned Memphis property is set to be sold to the highest bidder by Naussany Investments and Private Lending LLC on Thursday, May 23.
They claim that Riley's late mother and previous owner of Graceland, Lisa Marie Presley, signed a Deed of Trust, using Graceland as collateral, to secure a $3.8million (£3million) loan which she allegedly failed to repay before her death in January 2023.
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Riley is fighting the auction (BANG Showbiz.)A 60-page lawsuit obtained by PEOPLE reveals that the 34-year-old actress alleges "the note and deed of trust are fraudulent and unenforceable", and she also claims Naussany Investments and Private Lending LLC is "not a real entity".
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Riley, who is a trustee of the Promenade Trust, asserts in the lawsuit: "The purported note and deed of trust are products of fraud and those individuals who were involved in the creation of such documents are believed to be guilty of the crime of forgery."
"On information and belief, Naussany Investments and Private Lending LLC is not a real entity. Naussany Investments and Private Lending LLC appears to be a false entity created for the purpose of defrauding the Promenade Trust, the heirs of Lisa Marie Presley, or any purchaser of Graceland at a non-judicial sale."
The lawsuit includes the Deed of Trust, and documents of the alleged loan to her late mother, who passed away aged 54. Riley also voiced in the paperwork: "These documents are fraudulent. Lisa Marie Presley never borrowed money from Naussany Investments and never gave a deed of trust to Naussany Investments."
Elvis Presley's Graceland mansion in Memphis, TennesseeOn Tuesday, Lisa's mum Priscilla Presley took to Instagram to upload a snap of Elvis, the late King of Rock 'n' Roll's treasured residence, with a caption reading: "It's a scam".
An injunction hearing is slated for Wednesday, following a temporary restraining order on the sale which was approved on Monday. After an intense legal wrangle with her grandma Priscilla, 78, Riley was appointed sole trustee of her late mother's estate in August. Priscilla had given birth to Lisa Marie during her agonising six-year wedlock to Elvis spanning 1967 to 1973.
The Daisy Jones and the Six star also secured ownership of Graceland where her grandad Elvis was laid to rest after his death aged 42 in 1977.