The sole heir to Graceland, Elvis’ granddaughter Riley Keough, has successfully challenged the foreclosure of the property in court, citing fraud. Originally she received an injunction which halted the sale while claims that she owed $3.8 million were being investigated. However, after the injunction was granted the company that attempted the foreclosure withdrew the claim against her.

That company, Naussany Investments and Private Lending, originally claimed that the late Lisa Marie Presley, Keough’s mother, had taken out a loan on the Graceland property before her death. Keough quickly fought back, arguing that the loan agreement was fraudulent. Shockingly, the perpetrator of the fraud communicated with The New York Times over email and admitted to working with a crew that focuses on targeting vulnerable people.

The goal is to confuse and confound vulnerable individuals and steal properties using documents that have been falsified. Allegedly, this most recent attempt to auction off Graceland was based on these types of documents, and the claim was withdrawn when Keough fought back in court. The Tennessee Attorney General has already launched an investigation to determine whether the documents are fraudulent and whether Naussany Investments is a legitimate company.

While it’s not necessarily impossible that there is money owed on Graceland or a loan that was taken out by Presley before she passed away, it’s unlikely that something like that would just now be coming to light. It’s also unlikely that there would be a move to auction the property without many attempts to collect on the balance of any valid loan. Keough will continue to defend against this and any other fraudulent claims that may be used to gain control of the Graceland property or gain financial benefit from auctioning it.

In the meantime, it remains to be seen what the Tennessee Attorney General will find and whether there will be charges brought against Naussany Investments or the person who communicated with the Times regarding the incident. Fraudulent people and companies take advantage of vulnerable individuals all too often, and this may be an opportunity to locate the crew behind this company and put a stop to their activities.

If you do not have a current Will or other estate planning documents in place, contact The Estate Planning & Legacy Law Center today. Documenting your wishes now can provide peace of mind for you and your family.