The Tennessee attorney general is investigating an attempt to sell Graceland through foreclosure

MEMPHIS, Tenn. — Tennessee's attorney general said Thursday that his office is investigating a company's attempt to sell Elvis Presley's home, Graceland, through foreclosure, a move that was halted by a judge after the granddaughter of the king of rock 'n-roll had filed a lawsuit for fraud.

Attorney General Jonathan Skrmetti said in a news release that the beloved Memphis tourist attraction “was targeted” by Nausanny Investments and Private Lending when it tried to sell the converted museum based on claims that Presley's daughter, Lisa Marie Presley, had failed to to repay a loan using Graceland as collateral.

Shelby County Chancellor JoeDae Jenkins issued an injunction Wednesday against the proposed auction, which was scheduled for Thursday. Jenkins' order essentially upheld an earlier restraining order issued at the request of Presley's granddaughter Riley Keough.

Tennessee's appointed attorney general can investigate and bring civil lawsuits, including in cases of alleged consumer fraud. But its authority in criminal court is considerably more limited and is usually reserved for representing the state on appeal. Local prosecutors, who are elected, bring criminal cases.

“My office has been fighting fraud against homeowners for decades, and there is no home in Tennessee more beloved than Graceland,” Skrmetti, a Republican, said in the news release. “I have asked my attorneys to investigate this matter, determine the full extent of any wrongdoing, and determine what we can do to protect both Elvis Presley's heirs and anyone else who may be similarly threatened.”

A spokesperson for the district attorney's office in Shelby County, which includes Memphis, said it is not currently under investigation. And a spokesperson for the Tennessee Bureau of Investigation said the Shelby County district attorney did not request an investigation.

A spokesman for the FBI in Memphis said the FBI does not comment on the possibility or likelihood of investigations and declined further comment.

Darrell Castle, a Memphis attorney who is not involved in the case but is monitoring it, said he was not surprised by the attorney general's involvement.

“That's what should be happening, that's how important it is,” Castle said. “Someone with investigative powers must investigate and get to the bottom of it.”

After the judge's ruling Wednesday, a statement from someone appearing to be a representative of the company said it would drop its claim, which Presley's estate said was based on false documents. Online court records did not immediately show legal documents indicating the claim had been dropped.

A public notice for a foreclosure sale of the 12-acre property posted earlier in May stated that Promenade Trust, which manages the Graceland museum, is owed $3.8 million after failing to repay a 2018 loan. Keough, an actor, inherited the trust and ownership of the home after the death of her mother, Lisa Marie Presley, last year.

Naussany Investments and Private Lending said Lisa Marie Presley used Graceland as collateral for the loan, according to the foreclosure notice. A lawsuit filed by Keough last week alleged that Naussany filed fraudulent documents related to the loan in September 2023.

“Lisa Maria Presley never borrowed money from Naussany Investments and never executed a deed of trust to Naussany Investments,” Keough's attorney wrote in a court filing.

Naussany filed an unsuccessful motion denying the lawsuit's allegations and opposing the estate's request for an injunction. Nausanny did not immediately respond to an email seeking comment Thursday.

A statement emailed to The Associated Press after Wednesday's ruling said Naussany would not move forward because a key document in the case and the loan had been recorded and obtained in another state, meaning “legal action in multiple states should be sued.” The statement, sent from an email address listed in court documents, did not specify the other state.

The court documents list the company's addresses in Jacksonville, Florida, and Hollister, Missouri. Both were for post offices, and a Kimberling City, Missouri, reference was for a post office box. The company also is not listed in state databases of registered businesses in Missouri or Florida.

Kimberly Philbrick, the notary whose name appears on Naussany's documents, indicated she never met Lisa Marie Presley or notarized any documents for her, according to the estate's lawsuit. The judge said the notary's affidavit questions “the authenticity of the signature.”

Graceland opened in 1982 as a museum and tourist attraction as a tribute to Elvis Presley, the singer and actor who died in August 1977 at the age of 42. It attracts hundreds of thousands of visitors every year. A large Presley-themed entertainment complex across the street from the museum is owned by Elvis Presley Enterprises.

“Graceland will continue to operate as it has for the past 42 years, ensuring that Elvis fans from around the world can continue to have the best experience when they visit his iconic home,” Elvis Presley Enterprises said in a statement.

___

Mattise reported from Nashville, Tennessee.

Related Posts

  • Business
  • June 25, 2024
  • 5 views
  • 4 minutes Read
Elon Musk welcomes third child with Neuralink CEO. Here you can see how many children he has now.

Elon Musk had a third child with an executive at Neuralink, his brain implant company. Musk and Neuralink Corp. director of special projects Shivon Zilis welcomed the baby earlier this…

  • Business
  • June 25, 2024
  • 4 views
  • 3 minutes Read
Paramount+ will increase prices for its streaming plans

Big global is raising the price of its flagship streaming service as the company looks to turn around its business. The company said Monday that it will increase the price…

Leave a Reply

Your email address will not be published. Required fields are marked *

You Missed

China's premier defends national competitiveness amid trade tensions

  • June 25, 2024
China's premier defends national competitiveness amid trade tensions

Connect Money scores $8 million to enable non-bank companies to offer integrated financial services

  • June 25, 2024
Connect Money scores $8 million to enable non-bank companies to offer integrated financial services

One win, one clean sheet, but too many missed opportunities – USMNT needs to be more ruthless

  • June 25, 2024
One win, one clean sheet, but too many missed opportunities – USMNT needs to be more ruthless

Meet Jordan Bardella, the man who could be France's next Prime Minister

  • June 25, 2024
Meet Jordan Bardella, the man who could be France's next Prime Minister

Copa America 2024 schedule, live stream: where Argentina vs. Chile can be seen

  • June 25, 2024
Copa America 2024 schedule, live stream: where Argentina vs.  Chile can be seen

Julian Assange, founder of WikiLeaks, pleads guilty to violating the Espionage Act

  • June 25, 2024
Julian Assange, founder of WikiLeaks, pleads guilty to violating the Espionage Act

How to customize your TV screensavers

  • June 25, 2024
How to customize your TV screensavers

Angel Reese leads the way in Sky's rivalry victory over Fever's Caitlin Clark

  • June 25, 2024
Angel Reese leads the way in Sky's rivalry victory over Fever's Caitlin Clark

A Maryland couple 'walked for hours' before dying in the heat of the Hajj

  • June 25, 2024
A Maryland couple 'walked for hours' before dying in the heat of the Hajj

A Hidden Treasure in the Milky Way — Astronomers discover ultra-bright X-ray source

  • June 25, 2024
A Hidden Treasure in the Milky Way — Astronomers discover ultra-bright X-ray source

India's Zyod is raising $18 million to expand its tech-enabled fashion manufacturing to more countries

  • June 25, 2024
India's Zyod is raising $18 million to expand its tech-enabled fashion manufacturing to more countries