The mystery lender who attempted to take Graceland from Elvis Presley's granddaughter announced he is abandoning his efforts after a court blocked his bid on Wednesday
The lender, identified as Gregory Nassauny, told The Daily Mail that the case to gain control of the iconic Memphis mansion is too complex, as it involves three different states.
He also stated that he did not hold Riley Keough responsible for the 'mismanagement' by her late mother, Lisa Marie Presley.
Nassauny attempted to have Graceland auctioned off on Thursday but was blocked by Chancellor JoeDae Jenkins in Memphis Chancery Court.
He alleged that Lisa Marie, who passed away in 2023, had borrowed millions of dollars in 2015.
In an email response to an address listed on the court papers, a man claiming to be Nassauny informed DailyMail.com that he was "withdrawing all claims with prejudice."
When asked to confirm if he was giving up all attempts to recover the alleged $3.8 million loaned to the late Lisa Marie Presley, Nassauny responded in a follow-up: “Per counsel it's in the best interest as multiple filings would have to be filed in 3 different states. The company will no longer comment.”
Riley Keough's attorney, Jeff Germany, informed the court that there are "significant serious allegations regarding the authenticity" of documents allegedly indicating that Lisa Marie borrowed $3.8 million using Graceland as collateral.
His account of events went entirely unchallenged, as no one representing Naussany appeared in Shelby County Chancery Court to contest it.
With no opposition, Chancellor Jenkins found it an easy decision, stating that it was in the 'public interest' to uphold a temporary restraining order, preventing the scheduled Thursday 10am sale.
He further mentioned that Graceland, visited by 600,000 people annually, is the second most visited US residence after the White House, and is cherished both locally and globally.
The legal dispute arises following a foreclosure notice posted online on May 12, announcing that Graceland and its 13-acre grounds would be auctioned “to the highest and best bidder for cash.”
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