JACKSONVILLE, Fla. – The Tennessee Attorney General has launched an investigation into Naussany Investments and Private Lending, the company with Jacksonville ties that was behind the attempted foreclosure sale of Graceland.
The company claims to be from Jacksonville, but the only local address turned out to be a post office.
Elvis Presley’s granddaughter Riley Keough has called the company fraudulent and filed a lawsuit to stop the attempted sale of Graceland.
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The News4JAX I-TEAM has tried multiple phone numbers and addresses for the business only to come across a post office. And this bizarre, automated message for one of the phone numbers connected to the company by the lawsuit.
Now, the Tennessee AG has launched an investigation into the company after a Shelby County judge halted the sale of the beloved Memphis Mansion saying that the real estate is considered “unique under Tennessee Law.”
Former Federal Prosecutor Curtis Fallgatter said there are many indicators of a fraudulent company.
“They can look at some of the same evidence that you’ve acquired. Where’s the company? Do they exist? Where’s the loan paperwork? They’re gonna have to produce all that documentation,” Fallgatter said.
MORE | Graceland is not for sale, Elvis Presley’s granddaughter Riley Keough says in lawsuit
Fallgatter said there are a lot of red flags in this case.
“If there’s a company that claiming they’re owed 3.8 million, you’d think they’d have a nice, that’s a lot of money. They’d be an official lender, they’d have offices, they’d answer their phones. So the fact that they have sort of disappeared, if you will, is very suspicious,” Fallgatter said.
News4JAX searched and can’t find Naussany Investments as a registered business in Florida or Missouri, they’re connected to those states through addresses listed in court filings. They aren’t registered in Tennessee either.
News4JAX also found a few spelling errors in documents and correspondence from Naussany that was included in court records, like the misspelling of Elvis Presley’s middle name Aaron as “Arron.”
We’ve also tried reaching the company by email but have yet to receive a response. Some of the emails bounced.
“Well, again, you know, a real company that can afford a $3.8 million loan, if it really happened, you wouldn’t have those kind of mistakes. It makes it sound all more like a sham company,” Fallgatter said.
Tennessee Attorney General Jonathan Skrmetti released the following statement:
“Graceland is one of the most iconic landmarks in the State of Tennessee, and the Presley family have generously shared it with the world since Elvis’s passing. Elvis made Memphis the center of the music universe, and Graceland stands as a monument to his legacy and a fond remembrance for his family. My office has fought fraud against homeowners for decades, and there is no home in Tennessee more beloved than Graceland. 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.”
Tennessee Attorney General Jonathan Skrmetti