Wills, Trusts & Estates Prof Blog

Editor: Gerry W. Beyer
Texas Tech Univ. School of Law

Thursday, May 30, 2024

Identity thief claims to be behind Graceland foreclosure attempt: report

Screenshot 2024-05-21 at 9.17.15 PMA man claiming to be the mastermind behind a scheme to foreclose Elvis Presley's Graceland mansion has revealed his involvement in an interview with The New York Times. The purported fraudster stated that he works with a crew that targets vulnerable individuals to steal properties using falsified documents. The attempt to auction Graceland was allegedly based on a forged loan agreement supposedly taken out by Lisa Marie Presley.

Riley Keough, the granddaughter of Elvis and sole heir to Graceland, challenged the foreclosure in court, asserting that the loan agreement was fraudulent. She obtained an injunction to halt the sale. The company behind the foreclosure attempt, Naussany Investments and Private Lending, claimed Lisa Marie owed them $3.8 million, but withdrew their claims after the court hearing.

The Tennessee Attorney General has launched an investigation into the matter. The alleged identity thief, who communicated with the Times via email, admitted to orchestrating the scam, targeting properties using forged documents. The case remains complex, with questions about the legitimacy of Naussany Investments and the authenticity of the documents used in the foreclosure attempt.

For more information see Michael Dorgan "Identity thief claims to be behind Graceland foreclosure attempt: report", Fox News, May 28, 2024.

https://lawprofessors.typepad.com/trusts_estates_prof/2024/05/identity-thief-claims-to-be-behind-graceland-foreclosure-attempt-report.html

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