Memphis, Tennessee – Elvis Presley’s iconic Graceland mansion is at the center of an auction fraud scandal that has piqued the interest of FBI officials. Reports indicate that the FBI is in contact with Presley’s granddaughter Riley Keough’s representatives regarding a possible criminal investigation.
The Tennessee Bureau of Investigation has also been alerted to the situation, with speculations on the identity of those behind the fraudulent auction. A Memphis judge intervened by halting a planned foreclosure sale of the late crooner’s revered Graceland home. This comes amidst concerns of potential forgery related to the legal documents involved.
Chancellor JoeDae Jenkins presided over the case and ruled in favor of keeping the historic property within the Presley family, citing doubts about the authenticity of the documents transferring ownership. The legal battle revolves around claims by Naussany Investments and Private Lending LLC that they have the right to auction off Graceland.
The company alleges that they provided a $3.8 million loan to Lisa Marie Presley, offering Graceland as collateral prior to her passing in January 2023. However, a lawsuit filed by Lisa Marie’s daughter and heir, Riley Keough, contests the validity of the documents, claiming her mother’s signature was forged, and questioning the legitimacy of the company itself.
The scandal has left Keough reportedly “traumatized,” shaken by the potential loss of such a historically significant property. Graceland, purchased by Elvis in 1957 for $102,500, has become a beloved attraction in Memphis, drawing half a million visitors annually. After Elvis’ death, Lisa Marie inherited the estate, which later opened to the public as a museum in 1982.
As the legal battle unfolds, the company will be required to substantiate their claims in court, shedding light on the intricate details of the alleged fraud. The outcome of this case could have far-reaching implications not only for the ownership of Graceland but also for the legacy of the legendary musician and his family.