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 for attempting to auction off Graceland, the iconic mansion of legendary singer Elvis Presley in Memphis.

Skrmetti expressed concern over the potential fraud involved in the company’s plan to sell Graceland, a cherished landmark in Tennessee that has been open to the public since Presley’s passing. He emphasized the importance of protecting homeowners from fraudulent schemes, especially when it comes to a property as beloved as Graceland.

The investigation was launched after Naussany Investments abandoned its auction plans following a court order blocking the sale due to allegations of fraud. The company claimed that Lisa Marie Presley, Elvis’s daughter who passed away last year, had used Graceland as collateral for a loan that was never repaid.

However, Presley’s granddaughter, actress Riley Keough, disputed these claims and filed a lawsuit against Naussany, alleging fraud and misrepresentation. A notary public involved in the case also stated that she had never met Lisa Marie Presley or notarized any documents related to the loan.

Graceland, where Elvis Presley is buried, attracts over 600,000 visitors annually and holds a special place in the hearts of fans worldwide. The investigation into the attempted auction of this historic property continues as authorities seek to uncover the truth behind Naussany Investments’ actions.