An individual from Nigeria has claimed responsibility for a peculiar and unsuccessful attempt to auction off the renowned Graceland property, once owned by Elvis Presly.

Property Theft Scheme Targets Deceased, Elderly Owners

In recent weeks, an enigmatic company called Naussany Investments and Private Lending reached out to Promenade Trust, the entity in charge of the Memphis estate. 

According to The Independent, they alleged that Promenade Trust owed them millions of dollars due to a loan that was not repaid. The company later tried to sell the property through a foreclosure auction.

The Nigerian suspect characterized the foreclosure effort as a fraudulent scheme rather than a genuine endeavor to recover a debt.

He informed the media that his group specifically targets individuals who are deceased, vulnerable, and elderly, with a particular focus on those residing in Florida and California. 

Birth certificates and other documents are used to uncover personal information for the purpose of facilitating illegal activities aimed at property theft.

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Elvis Heir's Loan Controversy: Graceland at Stake

Lisa Marie Presley, the sole heir of Elvis, allegedly obtained a loan of $3.8 million from Naussany Investments and Private Lending. 

Lisa Marie reportedly used Graceland in Tennessee as collateral for the loan. According to Naussany, Lisa Marie failed to repay that money before her passing last year. So, the company tried to recover the supposed losses by selling off the property.

However, Riley Keough, the sole heir to the property, has raised concerns about the loan agreement, alleging it to be a scam. As a result, she has sought an injunction from the court to halt the sale, Fox News reported.

Keough argues that Naussany was using fake documents and a fictitious shell company to support its assertions. The injunction was granted and then, in an unexpected turn of events, Naussany withdrew its claims after the court hearing.

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