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
Jeff Probst will join Drew Carey to celebrate 50 seasons of Survivor.
1 hour ago
The US may lose millions in tourist spending which could in turn cost 150,000 jobs as per WTTC
5 hours ago
It's safe to say that Harvey has been yelled at quite a few times at home.
10 hours ago
He said it will make the 2008 financial crisis look like a 'Sunday school picnic.'
1 day ago
National Taxpayer Advocate noted the IRS is battling 27% drop in workforce and new tax law changes
1 day ago
Harvey almost turned into Michael Jackson after hearing the answer.
1 day ago
This comes after a contractor exposed IRS data involving Trump, Elon Musk, Jeff Bezos, and others.
2 days ago
As a part of a plan to increase profitability, UPS will reduce 25 million work hours.
2 days ago
Despite low unemployment, many Americans remain only loosely attached to the workforce.
2 days ago
The Consumer Confidence Index slipped to 85.5 amid war concerns, rising costs, and a weak labor market
2 days ago
Harvey had to tell the world that his lips were 'all naturale.'
2 days ago
While the investment in AI has surged, its contribution to the GDP isn't the biggest
3 days ago
The CFRB's projections estimate the debt to rise by $5.5 trillion in the worst case scenario.
3 days ago
Harvey couldn't help but teach the contestant a lesson on show etiquette.
3 days ago
Even the fans came out in support of the contestant Jess Graham, calling the puzzle unfair.
3 days ago
Taking advice from his dad in the audience, Robert chose to play it safe.
6 days ago
The reduction in utility bills will be temporary and residents will end up paying some of that back
6 days ago
The player, Chad Hedrick got the fans to the edge of their seats before scoring the win.
6 days ago