Graceland's Identity Crisis: The Controversial Attempt to Sell Elvis Presley's Estate Through Foreclosure

Memphis, Tennessee United States of America
An injunction was issued by Shelby County Chancellor JoeDae Jenkins to halt the sale due to insufficient evidence.
Graceland, Elvis Presley's iconic estate, was attempted to be sold through foreclosure in 2024.
Lisa Marie Presley allegedly took out a $3.8 million loan from Naussany Investments & Private Lending in 2018 using Graceland as collateral.
Naussany Investments & Private Lending's identity and authenticity have been questioned. No response from the company or evidence provided.
Riley Keough, Lisa Marie Presley's daughter and trust leader, denies taking out such a loan or giving the company the deed to Graceland.
The Tennessee Attorney General's office is investigating Naussany Investments & Private Lending for fraud in relation to the attempted foreclosure on Graceland.
Graceland's Identity Crisis: The Controversial Attempt to Sell Elvis Presley's Estate Through Foreclosure

Graceland, the iconic estate of Elvis Presley, has been at the center of a mysterious attempt to be sold through foreclosure. The property, which has been in the Presley family since 1957, was allegedly used as collateral for a $3.8 million loan taken out by Lisa Marie Presley from Naussany Investments & Private Lending in 2018. However, Riley Keough, Lisa Marie Presley's daughter and trust leader, has denied ever taking out such a loan or giving the company the deed to Graceland.

The identity of Naussany Investments & Private Lending and the authenticity of its documents have been called into question. The company has not responded to requests for comment or provided evidence to support its claim to Graceland. An injunction was issued by Shelby County Chancellor JoeDae Jenkins to halt the sale due to insufficient evidence.

The Tennessee Attorney General's office is currently investigating Naussany Investments & Private Lending for fraud in relation to the attempted foreclosure on Graceland.

Graceland, a significant piece of American history and a major tourist attraction, has been the target of identity thieves before. In May 2024, an individual claiming to be an identity thief with a network of 'worms' admitted to attempting to sell Graceland. The email address used in the legal filing is associated with North America and not Nigeria or Luganda language as claimed by the email writer.

The attempted sale of Graceland highlights the issue of identity theft and fraud, particularly against older or deceased individuals. Experts suggest that such cases are more common than one might think.



Confidence

85%

Doubts
  • Riley Keough's denial of taking out a loan or giving the company the deed to Graceland has not been independently verified.
  • The authenticity of Naussany Investments & Private Lending and its documents have not been proven.

Sources

80%

  • Unique Points
    • A company called Naussany Investments & Private Lending has claimed rights to Graceland and announced plans for a foreclosure sale.
    • Lisa Marie Presley, Elvis Presley’s daughter, allegedly took out a $3.8 million loan from Naussany Investments & Private Lending using Graceland as collateral.
    • The company’s existence and ownership are unclear as there is no publicly available information about it.
    • Naussany Investments & Private Lending has not responded to requests for comment or provided evidence to support its claim to Graceland.
  • Accuracy
    • Someone is trying to take Graceland from Elvis Presley’s family.
    • Lisa Marie Presley allegedly took out a $3.8 million loan from Naussany Investments & Private Lending using Graceland as collateral.
  • Deception (30%)
    The article reports on a legal dispute over Graceland and the company involved, Naussany Investments & Private Lending. The author provides no information about the company other than what has been reported in court filings and emails from individuals associated with the company. This selective reporting allows for emotional manipulation by presenting only one side of the story, creating a sense of mystery and intrigue around the company without providing any concrete information about its existence or legitimacy. The author also uses sensational language such as 'mystery' and 'battle' to grab readers' attention.
    • The mystery has unfolded in a courtroom in Memphis, Tennessee, where a lawyer for one of Presley’s granddaughters asked a judge to stop a company that claims it has rights to Graceland.
    • It appears that you, Mr. Germany, your client will be successful on the merits.
    • The filing included a phone number and an email address for Gregory E. Naussany.
  • Fallacies (90%)
    The article contains an appeal to authority fallacy when it states 'A representative for Naussany Investments & Private Lending wasn't in the courtroom.' and later quotes a response from Gregory E. Naussany denying the allegations made by Riley Keough. The article also uses inflammatory rhetoric when it describes Naussany Investments & Private Lending as a 'fly-by-night company' and states that it is difficult to determine whether the company exists, but no formal fallacies or dichotomous depictions were found.
    • A representative for Naussany Investments & Private Lending wasn't in the courtroom.
    • The Graceland case may just be a high-profile example of it. But if this had been someone else's inheritance, someone else's home, it would just be another example that the public never hears about.
  • Bias (95%)
    The article does not demonstrate any clear bias towards a specific political, religious, ideological or monetary position. However, the author does use language that depicts Naussany Investments & Private Lending as a mystery and potentially fraudulent company without providing concrete evidence. This could be seen as an attempt to sway readers' perception of the company.
    • Accusations of fraud and fly–by-night companies are common in property-rights disputes – particularly when they involve people who have died.
      • It appears that you, Mr. Germany, your client will be successful on the merits… providing that you prove the fraud that has been alleged.
        • Someone may be trying to take Graceland from Elvis Presley’s family. Who that person is exactly, no one knows.
          • The only available information about the company comes from court filings in the Graceland case, and it doesn’t say much.
          • Site Conflicts Of Interest (100%)
            None Found At Time Of Publication
          • Author Conflicts Of Interest (0%)
            None Found At Time Of Publication

          93%

          • Unique Points
            • A person claiming to be an identity thief with a network of 'worms' has admitted to attempting to sell Graceland, the estate of Lisa Marie Presley.
            • The email address used in the legal filing is associated with North America and not Nigeria or Luganda language as claimed by the email writer.
          • Accuracy
            • ,
          • Deception (100%)
            None Found At Time Of Publication
          • Fallacies (85%)
            The author Matt Stevens reports on a complex financial situation involving the foreclosure of Graceland and an alleged scam by an identity thief who claims to be behind the threat to sell the property. The article does not directly accuse anyone of wrongdoing, but it does present evidence that suggests potential fraud. There is an appeal to authority in the form of quoting emails from the supposed identity thief, which provides a unique perspective on the situation. However, this also introduces inflammatory rhetoric as Stevens describes the email writer's claims as a 'scam.' The article does not make any dichotomous depictions. No formal fallacies were found.
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            • A person using an email for the company seeking to foreclose on the former home of Elvis Presley says his ring was behind the threat to sell the beloved landmark.
            • In its email, The Times referred to the company’s claim that Ms. Presley had borrowed $3.8 million from it, using Graceland as collateral.
          • Bias (100%)
            None Found At Time Of Publication
          • Site Conflicts Of Interest (100%)
            None Found At Time Of Publication
          • Author Conflicts Of Interest (100%)
            None Found At Time Of Publication

          83%

          • Unique Points
            • A company named Naussany Investments and Private Lending attempted to auction off Elvis Presley’s Graceland property in a foreclosure sale.
            • Riley Keough, Elvis Presley’s granddaughter, filed a lawsuit alleging fraud against Naussany Investments.
            • Naussany Investments claimed that Lisa Marie Presley used Graceland as collateral for a $3.8 million loan in 2018.
            • Keough denies ever taking out such a loan or giving Naussany Investments the deed to Graceland.
            • An injunction was issued by Shelby County Chancellor JoeDae Jenkins to halt the sale, as questions about the authenticity of Naussany Investments’ documents and signature arose.
            • Naussany Investments is under investigation for fraud by Tennessee Attorney General Jonathan Skrmetti’s office.
          • Accuracy
            • Riley Keough denies ever taking out such a loan or giving Naussany Investments the deed to Graceland.
          • Deception (30%)
            The article contains selective reporting as it only reports details that support the author's position about the frequency of entities emerging to claim assets of older or dead people. The author also uses emotional manipulation by describing Graceland as 'sacred ground' and quoting Priscilla Presley declaring it a 'scam'. Additionally, there is sensationalism in the title and body of the article.
            • Naussany said Lisa Marie Presley used Graceland as collateral for the loan, according to the foreclosure sale notice. Keough filed a lawsuit on May 15 alleging Naussany presented fraudulent documents regarding the loan in September 2023 and asking a Memphis judge to block the sale to the highest bidder.
            • The self-styled investment company also is under fire from a lawsuit alleging fraud, an aggressive attorney general and a community of Elvis Presley loyalists who consider the home-turned-museum of the king of rock n roll to be sacred ground.
            • One reason is an affidavit from Kimberly Philbrick, the Florida notary whose name is listed on Naussany’s documents. Philbrick indicated she never met Lisa Marie Presley or notarized any documents for her, according to the lawsuit.
            • The whole thing does not pass the smell test.
          • Fallacies (95%)
            The article contains an appeal to authority fallacy when the experts quoted in the article make generalizations about cases of entities emerging to claim assets of older or dead people being more common than one might think. However, no specific data or evidence is provided to support this claim.
            • “But I don’t think it’s surprising to everyday people that are the targets.” - Nicole Forbes Stowell
          • Bias (100%)
            None Found At Time Of Publication
          • Site Conflicts Of Interest (100%)
            None Found At Time Of Publication
          • Author Conflicts Of Interest (0%)
            None Found At Time Of Publication

          86%

          • Unique Points
            • An identity thief, who claimed to be the ringleader of a network based on the dark web, contacted The New York Times regarding the attempted foreclosure on Lisa Marie Presley’s estate and Graceland.
            • The group targeted individuals from Florida and California, using personal information obtained through stolen documents.
            • Naussany Investments & Private Lending LLC claimed to have loaned $3.8 million to Lisa Marie Presley in 2018, using Graceland as collateral.
            • Riley Keough, Lisa Marie Presley’s daughter and trust leader, declared the loan a fiction and the company a false entity.
            • The judge blocked any immediate foreclosure on Graceland due to insufficient evidence.
            • Naussany Investments withdrew its claims after receiving emails from The Times and other media outlets.
            • Attorney General of Tennessee is investigating Naussany Investments for attempting to foreclose on Graceland.
          • Accuracy
            • Someone is trying to take Graceland from Elvis Presley’s family.
            • A company called Naussany Investments & Private Lending has claimed rights to Graceland and announced plans for a foreclosure sale.
            • Lisa Marie Presley, Elvis Presley’s daughter, allegedly took out a $3.8 million loan from Naussany Investments & Private Lending using Graceland as collateral.
            • Riley Keough, another of Elvis Presley’s granddaughters, has filed a claim in court alleging that the documents used to secure the loan were forged and that her mother never borrowed money from Naussany Investments & Private Lending.
          • Deception (50%)
            The article contains several instances of selective reporting and sensationalism. The author focuses on the suspicious activities of Naussany Investments in trying to foreclose on Graceland and sell it, but fails to mention that Lisa Marie Presley's daughter, Riley Keough, had already taken legal action against the company for alleged forgery of signatures and fraudulent claims. This omission creates a biased perspective by only presenting one side of the story. Additionally, the title 'Who Plotted to Sell Graceland? An Identity Thief Raises His Hand.' is sensational and misleading, as there is no concrete evidence presented in the article that an identity thief was involved in this case.
            • Media outlets often receive unsolicited emails from people who make outlandish claims. But this email arrived Friday in response to one sent by the Times to an email address that Naussany listed in a legal filing sent to a Tennessee court reviewing the foreclosure case.
            • The writer described the foreclosure effort not as a legitimate attempt to collect on a debt, but as a scam.
          • Fallacies (85%)
            The author makes an appeal to authority by quoting the attorney general of Tennessee stating that his office will review Naussany Investments and investigate its attempt to foreclose on Graceland. This does not constitute a logical fallacy on its own, but it is important to note that the author is presenting this statement as evidence against Naussany Investments.
            • “The attorney general of Tennessee will review Naussany Investments and investigate its attempt to foreclose on Graceland.”
          • Bias (100%)
            None Found At Time Of Publication
          • Site Conflicts Of Interest (100%)
            None Found At Time Of Publication
          • Author Conflicts Of Interest (100%)
            None Found At Time Of Publication