Legal Battle Over Graceland Ownership
A mystery lender attempted to take control of Graceland from Elvis Presley's granddaughter, Riley Keough, claiming her late mother, Lisa Marie Presley, owed $3.8 million. The lender, Gregory Nassauny, has decided to give up the fight after a court blocked his bid, citing complications involving multiple states. Keough's lawyer raised concerns about the authenticity of the loan documents, alleging forgery. Graceland, a famous Memphis mansion, was set to be auctioned off but was temporarily blocked from sale by a court order.
Key Points
- Mystery lender Gregory Nassauny attempted to claim $3.8 million owed by Lisa Marie Presley using Graceland as collateral.
- Riley Keough's legal challenge successfully blocked the auction of Graceland.
- Keough's lawyer raised concerns about the authenticity of the loan documents, alleging forgery.
- Graceland, a famous Memphis mansion, attracts hundreds of thousands of visitors annually and holds historical significance as Elvis Presley's former home.
Pros
- Riley Keough successfully halted the auction of Graceland through legal action.
- The court recognized the uniqueness of Graceland under Tennessee law, preventing its sale.
- Concerns about forged loan documents were raised by Keough's lawyer.
Cons
- The authenticity of the loan and deed documents is in question, with allegations of forgery.
- Complications arose due to the involvement of multiple states in the legal proceedings.