Photo by Axelle/Bauer-Griffin/FilmMagic

The FBI has turned its focus to Elvis Presley's Graceland auction fraud scandal, and reports have emerged suggesting that agents have reached out to Riley Keough's team regarding a potential investigation.

In the wake of a recent court decision, the foreclosure proceedings on Graceland have been put on hold. Allegations have surfaced claiming that Lisa Marie Presley, the late mother of Keough, utilized the Memphis estate as security for an outstanding debt of $3.8 million.

Adding to the complexity, it was alleged that Presley did not actually secure the $3.8 million loan.

The situation took an unexpected turn when the notary, who was said to have witnessed her signing the loan documents, confessed to having no previous acquaintance with her.

Insiders privy to the situation divulged that the FBI took prompt action in response to the controversy, swiftly initiating contact with both the authorities at Graceland and the representatives of Keough.

According to TMZ sources, individuals whom the FBI approached were informed that the agency expressed intent to launch a criminal investigation. The potential victims have taken steps to notify the Tennessee Bureau of Investigation about the situation.

The parties involved are under the impression that they have identified the culprit responsible for the deceptive auction.

The creditor, who had been spearheading the arrangements for the auction of the Graceland residence, made the decision to withdraw from the legal dispute concerning the estate on Wednesday. This move came after a temporary pause was imposed by the judge just a day before the scheduled auction, originally set for Thursday.

Following an accusation made by Keough, a decision was reached to investigate Naussany Investments & Private Lending LLC for their alleged attempt to deceive her relatives into selling the estate through the supposed forgery of her late mother's signature.

A public announcement was made by an individual claiming to be Gregory Naussany regarding the controversial situation.

They said in a statement to the Daily Mail, "Due to the deed of trust not being recorded and the loan being obtained in a different state, legal action would have to be filed in multiple states and Naussany Investments & Private Lending will not proceed," adding that they will be "withdrawing all claims with prejudice."