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The company that had intended to auction off Graceland , singer Elvis Presley 's iconic mansion in Memphis, abandoned its plan on Wednesday after a Tennessee judge blocked the sale following allegations of fraud.A representative for the company, Naussany Investments & Private Lending, told Reuters in response to a request for comment that it would withdraw all of its claims over Graceland .
Presley's granddaughter, actress Riley Keough – who inherited the home after her mother's death – sued Naussany, asserting that her mother never took out the loan and that Naussany was engaged in fraud.In a sworn affidavit attached to the lawsuit, the notary public listed on Naussany's documents said she never met Lisa Marie Presley or notarized her signature.
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