A Missouri woman has pleaded guilty in a brazen scheme to fraudulently auction off Elvis Presley's iconic Graceland mansion.

Lisa Jeanine Findley admitted to mail fraud charges in Memphis federal court, facing sentencing on June 18. Through a plea deal, she'll likely receive a reduced sentence from the initial 20-year maximum, with prosecutors dropping an additional aggravated identity theft charge.

The elaborate scheme involved Findley creating a fictitious $3.8 million loan supposedly taken by Lisa Marie Presley, using Graceland as collateral. She then attempted to force a $2.85 million settlement payment by threatening to auction the property. Findley impersonated three different individuals and forged multiple documents, including a fraudulent foreclosure notice.

Riley Keough, Elvis Presley's granddaughter and current owner of Graceland, filed a lawsuit exposing the fraud. The lawsuit revealed that Findley's fake company, Naussany Investments and Private Lending, created documents featuring a notary who had never met Lisa Marie Presley or notarized any related documents.

Tennessee Attorney General Jonathan Skrmetti, who escalated the case to federal authorities, called the scheme "nonsense" and emphasized Graceland's global significance: "Graceland matters so much to so many people around the world — just go to Memphis during Elvis Week and listen to all the different accents and languages of fans who make the pilgrimage."

Graceland, which opened as a museum in 1982, remains one of America's most visited private residences and continues to operate as a major tourist attraction under Elvis Presley Enterprises' management.

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