Tennessee AG investigates alleged Jacksonville company behind attempted foreclosure sale of Graceland

JACKSONVILLE, Florida. – The Tennessee Attorney General has opened an investigation into Naussany Investments and Private Lending, the company with ties to Jacksonville 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, called the company fraudulent and filed a lawsuit to stop the attempted sale of Graceland.

RELATED | Graceland foreclosure sale halted as Presley estate trial moves forward

The News4JAX I-TEAM tried several phone numbers and addresses for the company only to come across a post office. And this bizarre, automated message for one of the phone numbers linked to the company by the lawsuit.

Today, the Tennessee AG launched an investigation into the company after a Shelby County judge halted the sale of the beloved Memphis Mansion, saying the property is considered “unique under the law of Tennessee.”

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 acquired. Where is the company? Do they exist? Where are the loan documents? They’re going to have to produce all this documentation,” Fallgatter said.

MORE | Graceland 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 was a company claiming they were owed $3.8 million, you'd think they'd have a nice sum, that's a lot of money. They would be an official lender, they would have offices, they would answer their phones. So the fact that they kind of disappeared, if you will, is very suspicious,” Fallgatter said.

News4JAX searched and did not find Naussany Investments as a company registered in Florida or Missouri, they are connected to those states through the addresses listed in court records. They are also not registered in Tennessee.

News4JAX also found some spelling errors in Naussany's documents and correspondence that were included in court records, such as misspelling Elvis Presley's last name “Arron.”

We also tried to reach the company via email, but have yet to receive a response. Some emails bounced.

“Well, again, you know, a real business that can afford a $3.8 million loan, if that actually happened, you wouldn't have these kinds of errors. That, you know, makes it seem more like a sham company,” Fallgatter said.

Tennessee Attorney General Jonathan Skrmetti released the following statement:

“Graceland is one of the state of Tennessee's most iconic landmarks, and the Presley family has generously shared it with the world since Elvis' passing. Elvis made Memphis the center of the musical universe, and Graceland serves as a monument to his legacy and a fond memory for his family. My office has been fighting homeowner fraud for decades, and there is no home in Tennessee more valued than Graceland. I have asked my attorneys to review this matter, determine the extent of any misconduct that may have occurred, and identify what we can do to protect both the heirs of Elvis Presley and any other person likely to be threatened in the same way.

Jonathan Skrmetti, Attorney General of Tennessee