ECONOMY & WORK
MONEY 101
NEWS
PERSONAL FINANCE
NET WORTH
About Us Contact Us Privacy Policy Terms of Use DMCA Opt-out of personalized ads
© Copyright 2023 Market Realist. Market Realist is a registered trademark. All Rights Reserved. People may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.
MARKETREALIST.COM / NEWS

Amidst Controversy About Sale of Elvis Presley's Graceland Mansion, Nigerian Scammer Claims Credit

The person purporting to be involved in this responded to an email from CNN in which he wrote, "I didn’t win this one."
PUBLISHED MAY 31, 2024
Cover Image Source: Tourists prepare to enter Graceland, the home of Elvis Presley, on May 22, 2024 | Getty Images | Brad Vest
Cover Image Source: Tourists prepare to enter Graceland, the home of Elvis Presley, on May 22, 2024 | Getty Images | Brad Vest

Elvis Presley's Graceland mansion in Memphis, Tennessee is among the most iconic addresses in the world alongside Michael Jackson's Neverland Ranch and Bill Gates' massive house in Medina, Washington. This is why the news of Graceland being auctioned off raised a lot of eyebrows globally prompting Elvis' granddaughter Riley Keough to seek a restraining order against the sale. As the story unfolded, a Nigerian scammer proudly took credit for a failed attempt to sell Elvis Presley’s iconic Graceland mansion, as per the New York Post. The identity thief responded to an email from CNN in which he wrote, "I didn’t win this one." The email was written in a blend of English and Luganda, a language spoken primarily in Uganda. It's still unclear if the scammer was the person behind the scheme but the person responded to the comment that CNN had sent to an email address which was associated with Naussany Investments and Private Lending. Naussany Investments and Private Lending is the company that alleged that Lisa Marie Presley had put up this home as security on a $3.8 million loan in 2018. Now, Riley Keough, the eldest daughter of Lisa Marie, is claiming that the documents were forged, and that her mother never signed them. 

 Elvis Presley is decked with flowers as the dead singer's body was viewed by hundreds of his fans | Getty Images | Bettmann
Elvis Presley is decked with flowers as the dead singer's body was viewed by hundreds of his fans | Getty Images | Bettmann

In a hearing on May 22, 2024, JoeDae Jenkins of the Shelby County Chancery Court declared the lender's claims as invalid. The New York Times, on the other hand, also received similar emails from the same email address. Since the incident, a Memphis judge decided to halt the planned foreclosure of the property, fearing possible forgery. This issue has been noticed by FBI officials who are now planning to launch a criminal probe and have contacted Keough.

The property was bought by Elvis for $102,500 back in 1957, which was the same year he released the hits, "Blue Christmas" and “All Shook Up."

Tourists prepare to enter Graceland, the home of Elvis Presley, on May 22, 2024 | Getty Images | 	Brad Vest
Tourists prepare to enter Graceland, the home of Elvis Presley, on May 22, 2024 | Getty Images | Brad Vest

The mansion called Graceland is spread on a 13.8-acre estate in Memphis, United States, once owned by Elvis Presley. The Graceland farms were originally owned by Stephen C Toof who was the founder of S.C. Toof & Co., the oldest commercial printing firm in Memphis.

After the star's death, the home went to Vernon Presley, Elvis' father who then gave it to his ex-wife Priscilla Presley, before their only child Lisa Presley inherited it as the sole heir. As per reports, the estate is huge and the maintenance costs are $500,000 a year. Priscilla later hired CEO Jack Soden and decided to open Graceland to the public and it became a museum in 1982. Every year, an annual procession is arranged through the estate, which includes a full schedule of speakers and events including the only Elvis Mass at St. Paul's Church. 

 Elvis Presley sits cheek to cheek wit his bride, the former Priscilla Ann Beaulieu | Getty Images | Bettmann
Elvis Presley sits cheek to cheek with his bride, the former Priscilla Ann Beaulieu | Getty Images | Bettmann

Apart from the house, the Graceland grounds include another exhibit complex, Elvis Presley's Memphis which has a car museum that houses  Elvis's Pink Cadillac. In the year 2005, Lisa Marie Presley sold 85% of the business side of her father's estate. However, she kept the mansion to herself.

MORE ON MARKET REALIST
Things got intense for her as she unlocked a mega cash with just one key in her hand in the "Master Key" game.
1 hour ago
A popular name has come up in every conversation about White's successor.
21 hours ago
Lori Greiner wasn't happy at all as Mark Cuban and Maria Sharapova snubbed her for a deal.
1 day ago
Fans took to Reddit to discuss the issue with Seacrest not reminding the players of one crucial element.
1 day ago
When Rick Harrison's side kick bought King Booker's boots, he had to make sure it was the real deal.
1 day ago
Turns out the Hollywood star is quite the fan of former U.S. President, Ronald Reagan.
2 days ago
Harrison bagged one of Jabbar's personal items and a chance to go to a Lakers game with him
2 days ago
Recently, the Bonus Round of the show has featured many old phrases that led to heartbreaking losses.
2 days ago
Lubetzky was the first to drop out but then came back as he was impressed by the entrepreneur.
3 days ago
The appraiser took the guest's breath away as she was expecting to get much less for it.
3 days ago
The show got close to hitting the record of the longest Bonus Round losing streak.
3 days ago
She continued to be hyperactive throughout the game even with her answers.
3 days ago
With four offers on the table, the founders of Bucket Golf smartly got a deal that they wanted.
4 days ago
Fans took to Reddit to discuss if the show has gotten a little too social for its style.
4 days ago
When the Holy Grail toy came up to Harrison's table, he wasn't willing to let it go.
4 days ago
The founder of 'Noshi Food Paint' was down to the last shark for a deal.
5 days ago
Ashia who won $25,000 executed an epic celebration after her win in the "To The Penny" game.
5 days ago
Harrison was offering more than he usually does but the seller was also adamant.
5 days ago
It turned out that the gift came from one of the greatest American sculptors in history.
6 days ago
The guest who got the collection at an auction was shocked to find out its true value.
6 days ago