Federal prosecutors have charged Missouri resident Lisa Jeanine Findley with mail fraud and aggravated identity theft in an alleged scheme to take control of Elvis Presley’s famous Graceland estate. Authorities arrested Findley after she allegedly claimed that Lisa Marie Presley had put Graceland up as collateral for a loan she failed to repay before her death.
This fraudulent claim nearly led to Graceland being auctioned off, but a judge intervened just in time, halting the process.
The situation revolves around Naussany Investments and Private Lending, a company that claimed Lisa Marie owed them $3.8 million and used Graceland as collateral. However, Elvis’ granddaughter, Riley Keough, filed court documents arguing that the loan and related documents were fraudulent. The U.S. Department of Justice announced Findley’s arrest on Friday.
An Elvis official expressed concern that Findley might be just one piece of a larger scheme, telling TMZ, “We think this is the first domino to fall, not the last. We do not believe this is the mastermind behind the scam.”
The FBI is currently investigating the attempted sale of Graceland, and Findley is set to appear in federal court in Missouri. If convicted, she faces up to 20 years in prison for mail fraud and a mandatory minimum of 2 years for identity theft.
