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
Viewers urged the host to keep his strategy to himself while blaming him for the blunder.
7 hours ago
While the company calls it a "testament to heritage and innovation", shoppers think differently.
8 hours ago
Sometimes contestants are so hilarious that the host doesn't even need to try.
9 hours ago
Fans have taken to social media to point out a stark difference between Sajak and him, that is jarring to look at.
10 hours ago
O'Leary invested in the bizarre business as it appealed to his creative side and it paid off.
1 day ago
Although the flamboyance was entertaining, the host found it somewhat unsettling.
1 day ago
Harvey liked the contestant's remark and told him to talk to his wife on air again.
1 day ago
Not everyone has a joyous experience of viewing themselves competing on "Jeopardy!"
2 days ago
As a solution to his problem, he did something that would bring a smile to a lot of people's faces.
2 days ago
It's not often one gets celebrities like Adam Sandler at IHOP and it's rarer to turn them away.
2 days ago
Everyone on the show helped Robin Kuriakose create the special moment with former contestant, Rhea Matthew.
2 days ago
While the player did not seem to suggest anything, fans immediately raised concerns on social media.
2 days ago
Scammers are coming up with new ploys while people are being informed about the existing scams.
3 days ago
The iconic hosts have created some of the most heartwarming moments together as well.
3 days ago
Manuela Arbelaez has become a popular figure in "The Price is Right" since she has been relatable.
3 days ago
O'Leary learned it from the CEO of a firm that he had invested in, and does the same on "Shark Tank."
3 days ago
Sometimes even the veteran host and seasoned comedian can lose his cool.
3 days ago
While the contestants believed they had the truth backing them, they also had great obstacles.
3 days ago
The guest who expected the item to be worth $1,500 was visibly shocked after learning its true value.
4 days ago
IHOP is a go to place for many who crave pancake in America and many turned up to defend it.
4 days ago