Woman arrested over Elvis Presley's Graceland fraud for alleged scheme to steal property

A woman was arrested and charged for trying to take over Elvis Presley 's home, Graceland .

The home was almost put for auction and put to foreclosure before a judge stepped in to stop the proceedings. According to TMZ , a woman named Lisa Jeanine Findley from Missouri has been accused of organizing a scheme and falsely claiming that Lisa Marie Presley put the historic home as a collateral for a loan that she did not pay before she died.

The renowned property was allegedly owned by Naussany Investments and Private Lending LLC, who claim that Lisa Marie executed a Deed of Trust pledging Graceland as security for a $3.8 million debt that she failed to repay before to her passing. Elvis' granddaughter, actress Riley Keough called the note and deed "fraudulent and unenforceable" in her lawsuit, threatening to sue the corporation.

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An Elvis estate official told TMZ: "We think this is the first domino to fall not the last. We do not believe this is the mastermind behind the scam. Statements attributed to the woman arrested have pointed to someone who has a loose affiliation with the Elvis world."

The U.S. Department of Justice announced Lisa's arrest on Friday, August 16 and would be charged with mail fraud and aggravated identity theft. Lisa could face up to two years in prison for the identity theft charge and also a maximum of 20 years in prison for mail fraud. Lisa is set to appear in federal court later on Friday in Missouri.

Riley gained ownership of the estate after her mother, Lisa Marie , died in January 2023. She clained that the foreclosure would cause " irreparable harm ." Riley also claimed that her mother never borrowed money from the company.

The lawsuit read: "On information and belief, Naussany Investments and Private Lending LLC is not a real entity. Naussany Investments and Private Lending LLC appears to be a false entity created for the purpose of defrauding the Promenade Trust, the heirs of Lisa Marie Presley, or any purchaser of Graceland at a non-judicial sale."

Chancellor JoeDae Jenkins ruled that the foreclosure auction would be postponed until the rightful owner of Graceland is determined in a future hearing.