To protect a national treasure, Tennessee's top legal watchdog has put a financial firm in the hot seat. Attorney General Jonathan Skrmetti is probing allegations of fraud involving the attempted foreclosure of Graceland, the historic home of rock 'n' roll king Elvis Presley. The iconic Memphis mansion became a point of contention after Nausanny Investments and Private Lending, LLC claimed that Presley's heirs defaulted on payments.

Graceland, visited by droves of adoring fans each year, was nearly yanked away from Presley’s granddaughter who, on May 22, had her ownership affirmed by a Memphis court, said Skrmetti in a statement released by his office. "Graceland is one of the most iconic landmarks in the State of Tennessee, and the Presley family have generously shared it with the world since Elvis’s passing," Skrmetti stated, underlining the significance of the property not just as a piece of real estate but as a piece of American heartland, a touchstone of cultural memory that stretches from the bluffs of Memphis to the four corners of the earth.

The site is no stranger to the public; since opening in 1982, Graceland has become a near-mandatory stop for music lovers, drawing nearly a million visitors annually. It ranks just behind the White House regarding tourist attraction to a home in the United States.

The AG's attention signals a strong stand against potential corporate misconduct targeting such reverenced sites, with Skrmetti vowing that his office has fought fraud against homeowners for decades and asserting, "there is no home in Tennessee more beloved than Graceland".