Tennessee Attorney General probes company’s attempt to auction Graceland

Tennessee AG Investigating Company That Tried to Auction Graceland

Tennessee’s attorney general, Jonathan Skrmetti, announced on Thursday that his office is investigating Naussany Investments & Private Lending’s attempt to auction off Graceland, the iconic mansion of legendary singer Elvis Presley in Memphis.

The company, which had planned to sell Graceland, abruptly abandoned its auction plans after facing allegations of fraud. Skrmetti expressed concern over the potential fraud and emphasized the significance of Graceland as a beloved landmark in Tennessee.

“Graceland is one of the most iconic landmarks in the state of Tennessee, and the Presley family have generously shared it with the world since Elvis’s passing,” Skrmetti stated. “My office has fought fraud against homeowners for decades, and there is no home in Tennessee more beloved than Graceland.”

The investigation was prompted by a lawsuit filed by Riley Keough, Presley’s granddaughter, who inherited the estate after her mother, Lisa Marie Presley, passed away. Keough accused Naussany Investments of fraudulently claiming that Lisa Marie had used Graceland as collateral for a loan that was never repaid.

In response to the allegations, a notary public listed in Naussany’s documents stated in a sworn affidavit that she had never met Lisa Marie Presley or notarized her signature.

Graceland, where Elvis Presley is buried, attracts over 600,000 visitors annually and holds a special place in music history. The investigation into the attempted auction of this iconic property continues as authorities seek to uncover the truth behind the alleged fraud.