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The judge blocks the auction of Graceland, Elvis Presley’s former villa


The singer’s daughter, Lisa Marie Presley, allegedly used the house as collateral for an unpaid loan; the family denies the accusations


Summary

A Tennessee judge has blocked the auction of Graceland, Elvis Presley’s former home, after allegations of fraud by the singer’s family.

One The Tennessee judge blocked the Graceland auction this Wednesday the 22ndthe former home of Elvis Presley (1935-1977), which was to take place this week, after a company claimed that the loan taken out by the singer’s heiress, and which used the residence as collateral, had never been paid.

The decision was made after Shelby County Clerk JoeDae Jenkins issued an injunction against the auction scheduled for Thursday the 23rd: “The court will prohibit the sale as requested because, first, the property is considered unique pursuant to the law Tennessee. And because it is unique, the loss of property would be considered irreparable harm,” Jenkins told the North American Television Network CBS.

The injunction keeps in force the previous decision issued later Riley KeoughElvis’ nephew, took legal action against the auction, alleging fraud.

  • What happened? A Tennessee judge blocked this Wednesday, the 22nd, the auction of Graceland, the former home of Elvis Presley.
  • Why was the house up for auction? The company Naussany Investments & Private Lending claims that the Graceland complex was used as collateral for a loan, granted in 2018, worth $3.8 million (more than R$15 million). The loan was allegedly granted by Elvis’ daughter, Lisa Marie Presley (1968-2023).
  • What does Elvis’ family say? Elvis’ ex-wife, Priscilla Presley, and his niece, Riley Keough, daughter of Lisa Marie, claim the accusation is fraudulent. The company also allegedly forged Lisa Marie’s signature on the documents.
  • What is Graceland? It is the name given to the complex of over 27 thousand square meters where Elvis Presley’s former home is located, on a farm in the US state of Tennessee. Since the singer’s death in 1977, the place has become a museum dedicated to Elvis’ memory. It is estimated that more than 600,000 people visit Graceland each year.
  • Source: Terra

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