What a screwed up mess. Lisa Marie used Graceland as collateral on a 3.8 million dollar loan. She managed to wipe out her inheritance and put Graceland in jeopardy.
Elvis is still a cash cow. Royalties on his music, movies, and likeness. The Graceland tours.
Lisa Marie blew through all of it. I remember she had a lot of emotional and drug problems during her troubled life.
I’d hate to see Graceland bulldozed by some developer for another stinking Mall.
According to the grandchild, the claim is outright fraud—no loan was ever taken, the signature was forged, and the notary denied overseeing this or even meeting Presley.
If this counter suit is nonsense, seems trivially easy for the mortgager to prove.
I’ve read a lot about Elvis. He was sinking in debt and was going out on tour again. It was pretty sad. He was bloated, sweaty, addicted, and obviously in ill health. He had become a parody of his former self.
His ex-wife, Priscilla set things straight after Elvis died. She made sure the estate collected all the royalties owed. Created the Graceland tours. Priscilla was a very shrewd business woman.
Lisa Marie got almost everything after turning 21. But she was deeply troubled, and apparently liked spending money. Her marriage to Michael Jackson was probably a business arrangement.
“On information and belief, Naussany Investments & Private Lending LLC is not a real entity. Naussany Investments & Private Lending LLC appears to be a false entity created for the purpose of defrauding the Promenade Trust (the trust of Keough and formerly of Lisa Marie Presley), the heirs of Lisa Marie Presley, or any purchaser of Graceland at a non-judicial sale,” Keough’s complaint also states.
Interesting company, this Naussany outfit. A Google search reveals nothing about them except this apparent fraud; their three addresses consist of two P.O. boxes and a USPS office; they have several email addresses on one of which their name is misspelled and none of which are responsive to inquiries, and there is a phone number which is out of service. Sounds legit!
If this is outright fraud as seems likely, it’s amazing that anyone thought they could get away with it!
It’s scary that someone could file some paperwork and could almost put a home and its contents up for auction. You’d expect some kind of notification would be served on the Trust estate. At least 90 days warning or something.
So, a prankster called an Auction house and said they were handling foreclosure on Graceland? The auction house just took their word that there was a defaulted loan?
Someone even supplied a statement to the court. But they didn’t show up in person.
I know the Notary said she didn’t witness the signing of the loan document. Submitting a fake loan document is serious and criminal.