The legendary singer acquired the mansion in 1957 and lived there until his death in 1977. Following his passing, the mansion became a destination for fans to pay their respects, and Elvis is buried there alongside his parents, daughter Lisa Marie, and son Benjamin Keough.

The Scheme Unfolds

Questions Raised

Earlier this year, documents emerged indicating that Elvis Presley’s daughter, Lisa Marie, allegedly signed a document in 2018 to secure a $3.8 million loan from Naussany Investments and Private Lending LLC, using Graceland as collateral. The loan was never repaid, causing questions about the fate of the iconic home to arise.

Criminal Allegations

The Justice Department alleged that Findlay falsely stated that Lisa Marie obtained a loan from Naussany Investments, a private fictitious lender, collateralized Graceland as the loan, and failed to repay the debt. The Justice Department also claimed that Findley sought $2.85 million from the Presley family to settle the debt and posted a fraudulent foreclosure notice in a Memphis newspaper announcing that Graceland would be auctioned off to the highest bidder.

Prosecution of Findlay

Prosecutors alleged that Findlay used various aliases associated with Naussany Investments, including impersonating a Nigerian fraudster to take credit for the scheme early this year. If convicted, Findley faces up to 20 years in prison. Presley’s family has not made any public comments on the charges.

Conclusion

While the attempt to sell Elvis Presley’s home may have been a deceitful scheme, it is essential for us to remember the significance of Graceland as a symbol of the cultural icon’s legacy.