Missouri woman pleads guilty to federal charge in plot to sell Graceland

This March 13, 2017, photo shows visitors getting ready to tour Graceland in Memphis, Tenn. (AP Photo/Beth J. Harpaz, File)

MEMPHIS, Tenn. — A Missouri woman pleaded guilty Tuesday to a federal charge accusing her of concocting a brazen plot to defraud Elvis Presley’s family by trying to auction off his Graceland mansion and property before a judge halted the mysterious foreclosure sale.

During a hearing in front of a Memphis federal judge, Lisa Jeanine Findley pleaded guilty to a charge of mail fraud related to the scheme. She previously pleaded not guilty to the two-count indictment, which also includes a count of aggravated identity theft that will now be dropped.

When asked by the judge if Findley was admitting guilt and accepting responsibility, she said “Yes.”

Findley will be sentenced on June 19. She would have faced up to 20 years if convicted, but she is expected to receive less than that under the plea deal.

Findley, of Kimberling City, falsely claimed Presley’s daughter borrowed US$3.8 million from a bogus private lender and had pledged Graceland as collateral for the loan before her death in January 2023, prosecutors said when she was charged in August 2024. She then threatened to sell Graceland to the highest bidder if Presley’s family didn’t pay a $2.85 million settlement, according to authorities.

Findley posed as three different people allegedly involved with the fake lender, fabricated loan documents, and published a fraudulent foreclosure notice in a Memphis newspaper announcing the auction of Graceland in May 2024, prosecutors said. A judge stopped the sale after Presley’s granddaughter sued.

Experts were baffled by the attempt to sell off one of the most storied pieces of real estate in the country using names, emails and documents that were quickly suspected to be phony.

Graceland opened as a museum and tourist attraction in 1982 and draws hundreds of thousands of visitors each year. A large Presley-themed entertainment complex across the street from the museum is owned by Elvis Presley Enterprises. Presley died in August 1977, at the age of 42.

In May, a public notice for a foreclosure sale of the 13-acre (5-hectare) estate said Promenade Trust, which controls the Graceland museum, owes $3.8 million after failing to repay a 2018 loan. Riley Keough, Presley’s granddaughter and an actor, inherited the trust and ownership of the home after the death of her mother, Lisa Marie Presley.

Keough filed a lawsuit claiming fraud, and a judge halted the proposed auction with an injunction. Naussany Investments and Private Lending -- the bogus lender authorities say Findley created -- said Lisa Marie Presley had used Graceland as collateral for the loan, according to the foreclosure sale notice. Keough’s lawsuit alleged that Naussany presented fraudulent documents regarding the loan in September 2023 and that Lisa Marie Presley never borrowed money from Naussany.

Kimberly Philbrick, the notary whose name is listed on Naussany’s documents, indicated she never met Lisa Marie Presley nor notarized any documents for her, according to the estate’s lawsuit. The judge said the notary’s affidavit brings into question “the authenticity of the signature.”

The judge halted the foreclosure sale of the beloved Memphis tourist attraction, saying Elvis Presley’s estate could be successful in arguing that a company’s attempt to auction Graceland was fraudulent.

The Tennessee attorney general’s office had been investigating the Graceland controversy, then confirmed in June that it handed the probe over to federal authorities.

A statement emailed to The Associated Press after the judge stopped the sale said Naussany would not proceed because a key document in the case and the loan were recorded and obtained in a different state, meaning “legal action would have to be filed in multiple states.” The statement, sent from an email address listed in court documents, did not specify the other state.

After the scheme fell apart, Findley tried to make it look like the person responsible was a Nigerian identity thief, prosecutors said. An email sent May 25 to the AP from the same email as the earlier statement said in Spanish that the foreclosure sale attempt was made by a Nigerian fraud ring that targets old and dead people in the U.S. and uses the internet to steal money.

------

By Adrian Sainz, The Associated Press

Associated Press reporter Jonathan Mattise contributed from Nashville, Tennessee.