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Reporting

Report: Tennessee AG Looking Into Company in Graceland Foreclosure Attempt

Tennessee’s attorney general is investigating the company that attempted to put Graceland on the auction block. The auction, which was scheduled for May 22, was halted after a lawsuit was filed by Elvis Presley’s…

Sandra Rhodes·May 24, 2024·3 min read

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Tennessee’s attorney general is investigating the company that attempted to put Graceland on the auction block.

The auction, which was scheduled for May 22, was halted after a lawsuit was filed by Elvis presley’s granddaughter, Riley Keough, who alleged fraud by Nausanny Investments and Private Lending, the Associated Press reported.

Attorney General Jonathan Skrmetti said the Memphis tourist attraction “became the target” of Nausanny when it tried to sell Graceland. The company claimed Lisa Marie Presley, Presley’s only child, put up Graceland as collateral in a $3.8 million loan deal, which she did not pay back.

On May 21, Shelby County Chancellor JoeDae Jenkins issued an injunction against the auction.

“Tennessee’s appointed attorney general can investigate and bring civil lawsuits, including in instances of alleged consumer fraud,” per the AP. “His authority in criminal court is significantly more limited, usually reserved for representing the state during appeals. Local district attorneys, who are elected, bring criminal cases.”

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Report: Tennessee AG Looking Into Company in Graceland Foreclosure Attempt — IJR

“My office has fought fraud against homeowners for decades, and there is no home in Tennessee more beloved than Graceland,” Skrmetti, a Republican, said. “I have asked my lawyers to look into this matter, determine the full extent of any misconduct that may have occurred, and identify what we can do to protect both Elvis presley’s heirs and anyone else who may be similarly threatened.”

On the criminal side, the district attorney’s office in Shelby County said it was not currently investigating.

A spokesperson for the Tennessee Bureau of Investigation said it hasn’t been asked by the Shelby County district attorney to investigate. An FBI Memphis spokesperson said the agency does not comment on the possibility or likelihood of investigations.

After the judge’s decision, a statement from someone who is allegedly from Nausanny said it would drop its claim.

The Presley estate argued the Foreclosure was based on fake documents.

“Online court records did not immediately show any legal filings suggesting the claim had been dropped,” the AP reported.

Keough, an actress, inherited the home after the death of her mother, Lisa Marie Presley, in 2023.

A lawsuit filed by Keough claimed Naussany used fraudulent documents regarding the loan.

“Lisa Maria Presley never borrowed money from Naussany Investments and never gave a deed of trust to Naussany Investments,” Keough’s lawyer said in a lawsuit.

Kimberly Philbrick, the allegedly notarized the documents, said she never met Lisa Marie Presley nor notarized the documents, according to the estate’s lawsuit.

“The judge said the notary’s affidavit brings into question ‘the authenticity of the signature,’” per the AP.