Tennessee AG Investigates Attempted Graceland Auction Amid Fraud Allegations

Tennessee’s Attorney General, Jonathan Skrmetti, announced an investigation into Naussany Investments & Private Lending’s attempted auction of Elvis Presley’s iconic Graceland mansion. After plans were halted by a judge due to fraud allegations, Skrmetti emphasized the state’s commitment to fighting homeowner fraud, especially concerning such a beloved property. Graceland, attracting over 600,000 visitors annually, remains a significant site as Presley’s resting place. The controversy began when Naussany Investments claimed it planned to auction Graceland based on a $3.8 million unpaid loan allegedly secured by Lisa Marie Presley, Elvis’s daughter, using the mansion as collateral. However, after Lisa Marie Presley’s death, her daughter, Riley Keough, disputed the loan’s existence, leading to a lawsuit against Naussany. The lawsuit was strengthened by a notary public’s affidavit, denying any involvement with Lisa Marie Presley or the notarization of her signature.