ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

Identity thief claims to be behind Graceland foreclosure attempt: report

A Nigerian fraudster has claimed responsibility for a scheme to steal Elvis Presley’s Graceland mansion and sell it at auction, according to a report.

An identity thief has purportedly come forward and claimed responsibility for the audacious scheme to gain control of Elvis Presley’s Graceland mansion and sell it at auction, according to a report by The New York Times. 

The publication reported that a person it has been corresponding with via email admitted to being the ringleader of the plot.

The plot reportedly involved a crew of other fraudsters and ultimately failed in court last week but is still shrouded in mystery.

According to the Times, the purported fraudster, who claims to be from Nigeria, described the foreclosure effort as a scam and not a legitimate attempt to collect on a debt. 

GRACELAND IS 'PART OF OUR HISTORY,' SHOULD STAY IN PRESLEY FAMILY, VISITORS SAY

The ringleader told the outlet his crew preys on the dead, the unsuspecting and the elderly, especially those from Florida and California. They use birth certificates and other documents to discover personal information to aid in their illicit schemes to steal property.

"We figure out how to steal," the alleged thief said. "That’s what we do." 

According to the Times, the email address it was corresponding with matches an email address used in court documents by Naussany Investments and Private Lending, the company behind the attempt to foreclose on the property.

Naussany Investments and Private Lending claimed Lisa Marie Presley, Elvis’ only child, took out a $3.8 million loan with the firm and used Graceland in Tennessee as collateral. Naussany claimed Lisa Marie never paid that money back before she died last year. So, the company attempted to recoup the alleged losses by auctioning the property.

But Elvis’ granddaughter, Riley Keough, the sole heir to the property, claimed the loan agreement was a scam and asked a court for an injunction Wednesday to stop the sale.

Keough maintains Naussany was using forged documents and a fake shell company to make its claims. The injunction was granted and then, in another plot twist, Naussany withdrew its claims after the court hearing.

GRACELAND AUCTION HALTED AFTER ELVIS PRESLEY GRANDDAUGHTER'S PUSH FOR INJUNCTION

According to the Times, the email writer admitted the group turned its attention to Graceland as far back as September, eight months after Lisa Marie Presley’s death. Naussany Investments filed papers in a California probate court posting what it said was Lisa Marie Presley’s 2018 debt. The filing included a deed of trust with a signature it claimed was Lisa Marie Presley’s, with Graceland put forward as collateral.

In emails to the family’s lawyers, the company claimed it would accept a reduced sum of $2.8 million to satisfy the loan before filing a collection claim in a Los Angeles court, the Daily Mail reports. 

Naussany Investments then took out an advertisement in a Memphis newspaper, giving notice that it planned to auction Graceland in a foreclosure attempt. 

But Keough did not believe her mother took out the loan, successfully challenging it in court Wednesday and securing an injunction.

Attorney Jeffrey Germany, who represents Keough, filed a complaint with the court regarding the authenticity of the purported deed of trust. Germany submitted an affidavit that says the purported notary did not notarize the signature of Lisa Marie on the purported deed of trust and had never met Lisa Marie Presley.

The Times says it sought clarification on specific issues, but the email writer replied, "You don’t have to understand," while taking credit for the crew’s alleged success in other cases.

"I am the one who creates trouble," the writer said in his first email Friday. The Times reports that the emailer claimed to be based in Nigeria but wrote in Luganda, a Bantu language spoken in Uganda, and broken English. To add more mystery to the case, the court filings appear to have been written in fluent English. 

"Yo client dont have nothing to worries," the person wrote. "win fir her." Then the writer added: "She beat me at my own game."

The case still has many unanswered questions, including whether Naussany Investments and Private Lending exist. For instance, the Times reports that phone numbers listed in court documents for the company are not in service, while addresses listed by the company are those of post offices.

Naussany Investments' attempt to foreclose on Graceland is under investigation by Tennessee Attorney General Jonathan Skrmetti. 

"I have asked my lawyers to look into this matter, determine the full extent of any misconduct that may have occurred and identify what we can do to protect both Elvis Presley’s heirs and anyone else who may be similarly threatened," Skrmetti said in a statement. 

Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.