Riley Keough determined to save her family's legacy Graceland despite 'financial straits', claims insider
MEMPHIS, TENNESSEE: Riley Keough is leaving no stone unturned as she fights to save her family home Graceland.
According to sources, the granddaughter of legend Elvis Presley once again exposed Nigerian scammers who were trying to auction off the property to the bidders.
"She does not want the estate, where her grandfather Elvis and other relatives are buried, sold off to some faceless corporation," an insider claimed, according to The Globe.
The insider claimed that Keough alleged that Naussany Investments & Private Lending LLC was trying to defraud her family into selling Graceland by using the fake signature of her late mother, Lisa Marie Presley.
The 'fraudster' put a collateral for a $3.8 million loan on mansion
The company mentioned online the deed to the mansion as collateral for a $3.8 million loan.
"Elvis Presley Enterprises can confirm that these claims are fraudulent," the statement read.
"There is no foreclosure sale. Simply put, the counter lawsuit has been filed is to stop the fraud," it added.
"She does not want the estate, where her grandfather Elvis and other relatives are buried, sold off to some faceless corporation," an insider claimed.
Things have been a little difficult for Keough since Lisa Marie left in ‘financial straits,’ reports Radar Online.
Keough and her legal team, however, believed they had a "very strong case" with the estate but it still "created horrible anxiety over the prospect of Graceland being pulled out from under the family over some possible misstep Lisa Marie made."
"It's just unconscionable Graceland could be auctioned off for a song to repay a debt that is only about 3 percent of Graceland's total worth," the close source further said.
Iconic Graceland on foreclosure bid paused
MEAWW previously reported that while Elvis’ legacy has intangibly become a part of Memphis’ culture, the grand architecture of Graceland estate became a symbol of the King of Rock ‘n’ Roll. Nobody can even think the property, that also served as the burial ground for the Presley family, would belong to someone else.
Yet, the house faced an external threat when a company called Naussany Investments and Private Lending claimed they loaned a lumpsum amount of money to Lisa Marie, Elvis’ only child, with Graceland as collateral.
Citing her failure to repay the loan amount, the company threatened to auction off the house and sell it to the highest bidder, as per Daily Mail.
However, finally, the house was saved with a judge granting the injunction on the sale requested by Lisa Marie’s daughter and sole heir of the estate, Riley Keough.
