👻 Is Graceland's foreclosure just one big scam?

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Howdy Memphis! It’s June 1 this Saturday… we have no idea how we’re already almost half way through 2024.

Either way, we’re excited to bring you the Memphis news and events this week (with a little bit of personality).

In today’s newsletter:

• Scammers in the Graceland Foreclosure? 🛑 

• A Trip Down Memory Lane with Bill Walton (RIP) and Larry Finch 🏀 

• Memphis Italian Fest this weekend (and 8 other things to do) 🇮🇹 

• U of M Hoops gets a new recruit 📈 

And more! Let’s get to it.

-Jonah Baer & Reuben Skahill

🥷 Is the Graceland foreclosure one big scam?

An email from someone supposedly in Nigeria is claiming responsibility for the foreclosure scheme on Graceland, according to emails sent to various media outlets like The Commercial Appeal, The Daily Memphian, and The New York Times.

This story keeps getting weirder and weirder, but one things seems clear: Graceland is getting schemed.

Why would the schemers out themselves so quickly (and directly, as you will see below)? Are they really scammers out of Nigeria?

AND most importantly… would they have gotten away with it if it wasn’t for Elvis’ meddling granddaughter? 👻 

Here’s what we know so far:

• Graceland nearly hit the auction market for foreclosure last week because Lisa Marie Presley allegedly defaulted on a loan from Naussany Investments (which there is no record of at all 🙃).

• But Riley Keough, Elvis's granddaughter and current owner, said the foreclosure is based on fake documents and filed a lawsuit claiming fraud.

• The court case which was set for last Thursday was dropped after the lawsuit.

• Gregory Naussany out of Naussany Investments claimed that he was dropping the foreclosure case too (before the emails out of Nigeria surfaced).

• The Tennessee Attorney General’s Office is officially investigating the apparent scheme.

Now, this bizarre saga continues with emails from someone claiming to be Gregory Naussany.

The emails were full of errors and sent from a Hotmail account (you know it’s fishy when it comes from Hotmail) and said the foreclosure was one big scam.

The craziest part? How straight up they were about their alleged crimes. 🤯 

Here’s a quote from one of the emails sent to the Commercial Appeal: