The ongoing investigation into the botched foreclosure sale of the Memphis landmark Graceland, once home to the legendary Elvis Presley, has escalated to the federal level. The Tennessee Attorney General's Office has relinquished control to federal law enforcement, expressing confidence in their handling of the complex case. "The Tennessee Attorney General’s Office looked into the Graceland matter, and it quickly became apparent that this was a matter best suited for federal law enforcement. We have faith in our federal partners and know they will handle this appropriately," a statement from the office communicated to FOX13 Memphis.

This transition takes place after Amy Lannom Wilhite, a spokesperson for Tennessee Attorney General Jonathan Skrmetti, declared the matter's suitability for federal law enforcement, as seen in the statement obtained by Local Memphis. Graceland's sordid foreclosure tale unfolded with Naussany Investments and Private Lending LLC claiming they held a deed to Graceland as collateral on a $4 million loan purportedly taken by Lisa Marie Presley before her death.

Riley Keough, Presley's granddaughter, contested the claim, securing a restraining order on the grounds of fraudulent activity. Keough alleges her mother's signature was forged, and that the loan never occurred. The legitimacy of Naussany Investments itself has been called into question, with ties to mere post office addresses in several states and no solid presence in state corporation databases, as detailed in court documents cited by Local Memphis.

While details surrounding the exact federal entities now investigating the botched foreclosure remain undisclosed, the weight of this case has not eluded the Attorney General who, back on May 23, underscored Graceland's significance, quoting "There is no home in Tennessee more beloved than Graceland," in a statement cited by Commercial Appeal. Keough's legal action has effectively halted a possible foreclosure sale, underscoring the gravity of this cultural and familial dispute that now rests in the hands of the federal justice system.