Who is behind Naussany Investments, which tried to sell Graceland?
MEMPHIS, Tenn. (WREG) — Little is known about Naussany Investments & Private Lending, the company that claimed it was auctioning off Graceland in a foreclosure sale over a $3.8 million debt owed by Elvis Presley’s daughter.
The company’s conduct is now under investigation by Tennessee’s attorney general.
No lawyers representing Naussany Investments were in court Wednesday when a judge issued an injunction halting the sale. The attorney representing Presley’s heir told the Associated Press he had no direct contact with company representatives.
Various court documents list Naussany Investments with addresses in both Kimberling City, Missouri, a small town near Branson, and Jacksonville, Florida.
The business is not listed in state databases of registered corporations in Missouri or Florida, according to the Associated Press.
According to a legal notice published in a Memphis newspaper, Lisa Marie Presley allegedly signed a deed of trust in 2018 securing a $3.8 million loan with Naussany Investments, using Graceland as collateral. The company claims she never paid back that money before she died last year.
Lisa Marie Presley’s daughter and heir to Graceland, actress Danielle Riley Keough, said in a 60-page lawsuit against Naussany Investments that her mother never borrowed any money from the company, that the company had no right to sell the Graceland property and that the company appeared to be a fictitious entity.
A phone number provided is not in service and almost no record of the company seems to exist online. Emails go to addresses set up on outlook.com and hotmail.com, rather than a company website.
A person responding to an email address for Kurt Naussany, whose name is listed several times in legal documents, said Wednesday by email that he has “not been affiliated with Naussany Investments & Private Lending since 2015,” and directed further questions to an email with the name Gregory Naussany. He told NewsNation affiliate WREG not to contact him.
That person also said the company was withdrawing its claim on Graceland: “There was no harm meant on Ms. Keough for her mothers LMP mis habits and mis managing of money. The company will be withdrawing all claims with prejudice.”
The property on Elvis Presley Boulevard in Memphis, once home to the King of Rock ‘N Roll, was set to be auctioned May 23, according to a legal notice advertised three times in a Memphis newspaper.
That sale was halted by a court injunction issued Wednesday. The judge noted that questions had been raised about the authenticity of Lisa Marie Presley’s signature on the document. Keough claims it was forged.
The Shelby County Register’s Office says their office has reviewed the matter and they have no documents that have been filed related to a deed on Graceland.
In general for a foreclosure, Deputy Administrator Clint Anderson said an entity would have to have certain documentation notarized, then filed, and the register’s office would certify it. That had not been done in this case, Anderson said.
WREG asked the alleged Naussany representative about Keough’s claims, which were noted by the judge in his injunction Wednesday, that Lisa Marie Presley’s signature had allegedly been forged on the purported deed of trust and had not been legally notarized.
“Is the signature legitimate?” WREG asked.
There was no further response.
Thursday, Tennessee Attorney General Jonathan Skrmetti announced his office is looking into the attempted foreclosure sale, adding a new dimension to the story.
“My office has fought fraud against homeowners for decades, and there is no home in Tennessee more beloved than Graceland,” Skrmetti said in a news release. “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.”