A Missouri woman has been arrested on charges she orchestrated a brazen scheme to defraud Elvis Presley’s family by trying to auction off his Graceland mansion and property before a judge halted the mysterious foreclosure sale, the Justice Department said Friday.
Lisa Jeanine Findley, 53, of Kimberling City, falsely claimed Presley’s daughter borrowed $3.8 million from a bogus private lender and had pledged Graceland as collateral for the loan before her death last year, prosecutors said. She then threatened to sell Graceland to the higher bidder if Presley’s family didn’t pay a $2.85 million settlement, according to authorities.
Finley 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, prosecutors said. A judge stopped the sale after Presley’s granddaughter sued.
“Ms. Findley allegedly took advantage of the very public and tragic occurrences in the Presley family as an opportunity to prey on the name and financial status of the heirs to the Graceland estate, attempting to steal what rightfully belongs to the Presley family for her personal gain,” said Eric Shen, inspector in charge of the U.S. Postal Inspection Service Criminal Investigations Group.
Matt Cox, an advisor to Home Title Lock, joins LiveNOW’s Josh Breslow to break down the case.
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