A Missouri woman was sentenced on Tuesday to more than four years in federal prison for scheming to defraud Elvis Presley’s family by trying to auction off his Graceland home and property before a judge halted the brazen foreclosure sale.

US district judge John T Fowlkes Jr sentenced Lisa Jeanine Findley in federal court in Memphis to four years and nine months behind bars, plus an additional three years of probation. Findley, 54, declined to speak on her own behalf during the hearing.

Findley pleaded guilty in February to a charge of mail fraud related to the scheme. She also had been indicted on a charge of aggravated identity theft, but that charge was dropped as part of a plea agreement.

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

The public notice for the foreclosure sale of the 13-acre (5-hectare) estate said Promenade Trust, which controls the Graceland museum, owed $3.8m after failing to repay a 2018 loan. Actor Riley Keough, Presley’s granddaughter, 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 brought into question the authenticity of the signature.

In halting the foreclosure sale, the judge said Elvis Presley’s estate could be successful in arguing that a company’s attempt to auction Graceland was fraudulent.

A statement emailed to the Associated Press after the judge stopped the sale said Naussany would not proceed with the sale 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 for Naussany listed in court documents, did not specify the other state.

After the scheme fell apart, Findley, who has a criminal history that includes attempts at passing bad checks, tried to make it look like the person responsible was a Nigerian identity thief, prosecutors said. An email sent on 25 May 2024, 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 US and uses the internet to steal money.

In arguing for a three-year sentence, defense attorney Tyrone Paylor noted that Presley’s estate did not suffer any loss of money and countered the prosecution’s stance that the scheme was executed in a sophisticated manner.

Fowlkes, the judge, said it would have been a “travesty of justice” if the sale had been completed.

“This was a highly sophisticated scheme to defraud,” he said.

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Entrepreneurs across Missouri gained a new champion this week as regional and national advocates launched a new coalition to support builders in the face of systemic, confidence-shaking roadblocks as they seek to drive job creation and higher lifetime incomes.

The Missouri Starters Coalition on Thursday unveiled its founding members — Back2KC, Cortex, E-Factory, Keystone Innovation District, LaunchKC, NextMO, and lead organizer Right to Start — which together plan to make entrepreneurship a greater civic priority through convening, addressing barriers to starting businesses, and making sure all communities are included.

“We are beginning the journey today of launching a coalition of entrepreneurs, policy makers, civic organizations, to really come together to continue to boost entrepreneurship in the state of Missouri,” said Jim Malle, Missouri Coalition manager for Right to Start. 

“Kansas City has had a lot of great momentum over the last 5 to 10 years in this space, and Right to Start is going to be here to continue to move that along in a great direction,” he added.

The launch event also included a panel on how small businesses can prepare for and benefit from the 2026 FIFA World Cup. An estimated 650,000 World Cup visitors are expected across June and July 2026 as Kansas City hosts both group stage and quarterfinal matches.

World Cup will produce KC small biz millionaires in just weeks, leaders say, but it’s only the start

Wes Rogers, 2nd District Councilman for KCMO and chair of the city’s Small Business Taskforce, center, speaks on panel moderated by Right to Start’s Jason Grill, right; photo by Nikki Overfelt Chifalu, Startland News

Entrepreneurship drives America

Victor Hwang, founder and CEO of Right to Start, returned to Kansas City for Thursday’s event and praised the city’s growth as a startup hub.

“This is one of the most dynamic entrepreneurial ecosystems that I’ve seen, and it’s just a really exciting time,” Hwang said.

He pointed to research showing that 65 percent of Americans believe it is harder to start a business today than it was a generation ago. Yet, he noted, nearly everyone agrees that entrepreneurship is critical to the future of the country.

“New and young businesses account for almost all net job growth in the economy,” Hwang said, citing that a 1 percent rise in local entrepreneurship raises household incomes by about $500, and at the state level, a 1 percent increase lowers poverty rates by 2 percent.

“Entrepreneurship-led economic development leads to higher lifetime incomes, more homegrown jobs, and more opportunity for all,” added Jason Grill, chief government affairs officer of Right to Start.

In light of America’s 250th anniversary in 2026, Hwang said, the country’s founding story is tied to today’s entrepreneurs.

“America was one of the great startup ideas,” he said. “Founders of today, the people that are doing stuff now, are part of that same story. We want everyone to feel like they can be a founder of the future of this country.”

‘America the Entrepreneurial’: Can builders restore the promise of ‘the most courageous startup the world has ever seen?’ 

Jim Malle, Missouri Coalition manager for Right to Start, right, speaks alongside Victor Hwang, founder of Right to Start, at Keystone CoLAB in Kansas City; photo by Nikki Overfelt Chifalu, Startland News

Statewide push follows legislation

The Missouri Starters Coalition builds on policy momentum already in motion. In 2024, Show Me State lawmakers passed the Right to Start Act, which created Missouri’s first office of entrepreneurship and set up new tracking for government contracts awarded to businesses less than three years old.

Jessica Powell, Right to Start; photo by Austin Barnes, Startland News

“As a lifelong Kansas Citian, entrepreneur, and former member of the Missouri House of Representatives, it gives me great joy to see Missouri embracing the importance of new, young businesses to the economy and well-being of the state,” said Grill.

Malle, based in St. Louis, will oversee the coalition’s growth with the help of Jessica Powell, who is based in Kansas City and a Right to Start advocate for Missouri.

“Having spent much of my career advancing entrepreneurship in both Kansas City and St. Louis, I’m excited to see this coalition emerging to promote entrepreneurship as a civic priority statewide,” Malle said. “It’s especially important, as entrepreneurship benefits literally everyone in Missouri.”