A Kansas City, Mo., woman charged with attempting to sell the Graceland mansion of Elvis Presley as a hoax faces withdrawing her plea of not guilty in federal court. Lisa Jeanine Findley, 53, of Kimberling City, was accused of a multifaceted scheme to defraud Elvis' estate with a sham foreclosure sale of one of America's most recognizable homes.
There is a hearing on Tuesday morning in Memphis at which Findley will formally change her plea to mail fraud and aggravated identity theft charges. The details of her new plea have not been announced.
The Scheme to Sell Graceland
Findley is said to have made a false claim that Elvis's daughter Lisa Marie Presley had taken a $3.8 million loan from a fraudulent private lender and put up Graceland as collateral. After Lisa Marie's sudden death in January 2023, Findley allegedly demanded a $2.85 million settlement from the Presley family to prevent a foreclosure sale.
They allege she fabricated phony loan documents, impersonated a number of people, and posted a foreclosure notice in a Memphis newspaper to create an aura of legitimacy for the auction. The phony auction was scheduled for May 2024, but it was halted after Lisa Marie's daughter, Riley Keough, sued uncovering the scam. (Source)
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How Findley's Fraud Was Uncovered
Findley's scam collapsed when experts began scrutinizing the loan documents and email communications she had used. Investigators soon discovered that the alleged lender did not exist, and the entire transaction was a fraud.
A court-ordered investigation also discovered that Findley had impersonated at least three different people in an attempt to scam the Presley family into paying a fake settlement.
After her August 2024 arrest, Findley was charged with:
- Mail fraud, which carries a maximum prison sentence of up to 20 years
- Aggravated identity theft, which can add another 2 years to her sentence
She now faces a maximum of 22 years in federal prison if convicted on all charges. (Source)
The Significance of Graceland in Elvis Presley's Legacy
Graceland is more than a house—it is an endorsement of Elvis Presley's enduring legacy on popular culture and music. The compound, sprawling across 13.8 acres of land in Memphis, Tennessee, was acquired by Elvis in 1957 for $102,500.
After his death in August 1977, Graceland was transformed into a museum in 1982. Now, it attracts over 650,000 visitors every year, earning over $150 million annually for Memphis's economy. (Source)
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Who Owns Graceland Now?
After Lisa Marie Presley's death, ownership of Graceland was transferred to her three daughters:
- Riley Keough
- Harper Lockwood
- Finley Lockwood
There was a court dispute over Lisa Marie's estate and Graceland ownership between Riley Keough and her grandmother, Priscilla Presley, but for a brief time. In May 2023, Keough was formally appointed the sole trustee, keeping Graceland's legacy in the Presley family. (Source)
Consequences for Property Owners
This case points to the growing risk of real estate fraud. Property owners must do the following:
✔ Monitor property records on a regular basis to prevent fraudulent claims
✔ Authenticate lender communications to detect potential scams
✔ Secure key property documents against identity theft
Officials declare that criminals use more and more public records and cyber loopholes in order to carry out fraud and therefore caution is required.
The Presley Legacy Continues
Despite this courtroom melodrama, Graceland still is an attraction not to be missed for Elvis fanatics and music lovers worldwide. The estate continues to host private tours, Elvis-themed functions, and every-year memorials to Rock 'n' Roll's King.
By maintaining Graceland in family ownership, Riley Keough has safeguarded Elvis Presley's legacy for future generations.
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Final Thoughts
Lisa Jeanine Findley's brazen plot to appropriate one of America's most famous homes has failed. As the case still progresses through the courts, her change of plea means that she will be brought to justice in the near future.
With Graceland remaining under family control, Elvis Presley's legacy remains pure of fraud and deceit.