The self-styled investment company also is under fire from a lawsuit alleging fraud, an aggressive attorney general and a community of Elvis Presley loyalists who consider the home-turned-museum of the the king of rock n' roll to be sacred ground.
Naussany said Lisa Marie Presley used Graceland as collateral for the loan, according to the foreclosure sale notice. Keough filed a lawsuit on May 15 alleging Naussany presented fraudulent documents regarding the loan in September 2023 and asking a Memphis judge to block the sale to the highest bidder.
"That makes me wonder if these documents were created after Lisa Marie passed away," Stowell said."The whole thing does not pass the smell test." After the sale was halted, Naussany issued a statement saying it would drop its claim because a key document in the case and loan were recorded and obtained in a different state, meaning"legal action would have to be filed in multiple states." The statement did not specify the other state.
Darrell Castle, a Memphis attorney not involved in the case but monitoring it, said he often sees cases where older people are targets of fraud.