Matthew Cox | Inside True Crime Podcast
ELVIS JET SCAM EXPOSED! How I Uncovered Elvis's FBI Fraud Case | Jimmys World
Fri, 25 Apr 2025
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Chapter 1: How did Jimmy acquire Elvis's private jet?
I bought Elvis's private jet. How cool would it be to take Elvis's jet to Graceland? The two undercover FBI agents said, I know that jet, get it off of this property right now.
There was an FBI investigation. You got kicked out of Graceland twice.
That hole is deep and it gets weirder and weirder the more I learn about it. I received an email from somebody that watched the channel and said, hey, did you know that Elvis's private jet is going up for auction? And it's the one that was abandoned out in Roswell, New Mexico. So I get this video and I'm looking at it and I'm like, man, this thing's got a lot of views.
Then I look at the interior of it. It is phenomenal. It was bright red velvet with gold buckles. The outside of the airplane is totally trashed and it's missing the engines off of it and stuff. So the outside is never gonna fly again. But the inside is absolutely the most epic thing I've ever seen in my life.
So I did some research and I discovered that this thing had been up for auction a few times before. And they couldn't even get a bid on it. And some of them were only $10,000 just to get an opening bid. Nobody would even bid on it. So I'm like, heck, yeah, this thing might go for pretty cheap.
We could find something to do with this, even if we just park it somewhere and like, hey, we got Elvis's jet or something. So I register for the auction at Mecham. It was right here in Kissimmee, Florida, on Elvis's birthday. So that worked out really kind of special.
You register here, but it's in Arizona? Yeah.
Yeah, so they'll just show pictures of it because they're not going to take the airplane and bring it to the auction.
Yeah, yeah. And people aren't going to go out there.
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Chapter 2: What was the condition of Elvis's jet when Jimmy found it?
Oh, 100%.
Oh, yeah. I went to an auction for a house one time and I started bidding at, let's say, $60,000. And then they had another guy bidding. That guy drove it all the way up to, and he got the house at, let's say, $100,000. A week later, I get a phone call from the auctioneer saying, hey, guess what? You were the next bidder. The guy couldn't do it. So you got it at $98,000, let's say.
And I went, no, no. I started in bidding at $60,000. Me and this guy went back and forth for like $30,000 or whatever it was, $30,000, $40,000, whatever. And there might have been one other guy in there. I was like, that guy, because he said that guy turns out he didn't have the money. He couldn't qualify. I said, right.
Magically.
You were supposed to qualify him. I'm qualified. I have the money. You brought in a guy that was not qualified that then ran up the auction 30 some odd thousand to 40,000, almost $40,000. I'm like, so I'll give you 60. Oh, that's not how it works. I'm like, right. So you're going to go with the next guy underneath me, which was 58. Like, what are you doing? You know what I'm saying?
And I just, it felt like, I felt like something's wrong.
That's so scammy. Agreed wholeheartedly. But in my previous life, I had done a lot of these auctions. So I knew the game. And what I learned is it's not how low you can get the price. That's not the game for an auction. It's not how cheap something is. They have a list price. And I knew the list price for the Elvis jet was about $300,000 is what they were going to try to get for it.
So I knew... You just said they tried to auction it before. Nobody even bid. But I knew from my research that even the other auctions, they didn't get an opening bid, but it didn't mean they don't have a reserve on it. So they still need to try to get enough money so they can cover their costs and things like that. So the trick with auctions is... For me, it's not about where the bidding starts.
It's about what they actually have to get out of this thing. And I knew that they'd be somewhere around $300,000. I also know that one of the tactics with auctions is they use the buyer premium and the seller's premium as a way to make the sale. So an auction will charge, call it 10% on both sides. So $300,000, they'll charge $30,000 to the buyer, $30,000 to the seller.
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Chapter 3: What challenges did Jimmy face at the auction?
Okay.
So we drove it. Our test drive was from Florida all the way to Oshkosh, Wisconsin. And we had to get it up there for a big air show that we took it to. But the inside is kept exactly the way it was because it's just amazing. It's like a time capsule in there. It's awesome.
And the material, I don't know how much formaldehyde they used back then, but it must have been a lot because this stuff is still like brand new.
Do you have pictures you can give us?
Oh, yeah.
I was going to go on the YouTube channel.
Yeah, I mean, we documented the entire process. So you can see there's a thousand. And if you just Google Elvis Jet, it's going to come up. Yeah. So it's pretty cool. The wildest part to me was before we cut the wings off, we plugged an external power unit into the airplane just to see if anything would turn on. Everything turned on.
The TV turned on, the VCR, the microwave in the back, all the lights, everything turned on. I was shocked. And it was the first time in probably 40 years, 35 years that it had power to it. So it was wild. It was just wild to me that everything turned on.
From the video, I saw all of the hands that it had exchanged hands. Elvis had it first, right? Well, I mean, it was built by the... Or it was first owned by the, I want to say, saltwater company.
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Chapter 4: What was the significance of Operation Fountain Pen?
No, I don't know about that.
No, he said it just feels like it.
But it's the same pattern. Yeah, it's the same pattern where they started out doing one thing to cover. They're like, hey, wait, we can get a loan from the bank, and we can cover our business expenses over here. And they go, well, crap, that didn't turn out to be enough, but we did it there, so now we're going to go here.
And it just keeps growing, and then eventually— It's a massive Ponzi scene that collapses.
Right, yeah.
It starts with just whiting out a little bit on a form.
Yeah. Yeah.
He's talking about my story.
Okay. Yeah. Small. It wasn't a big, didn't think it was a big deal. Yeah. So, okay. So these guys, well, do we know who these guys are? We just know their names. That's it. We know their names and they were doing a scam. You don't know. Do you know, like, were they, did they work for a bank before or they were just.
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Chapter 5: How did Jimmy get kicked out of Graceland?
And they come with a certificate off. authenticity and the bill of sale showing when Elvis bought it, you know, to make it... Official. Official, yeah, memorabilia style. Because, yeah, Elvis is, man, like, there's no other person on the planet that this would have worked with.
Yeah.
Nobody.
Yeah, he's got a huge... So, you know that this woman...
filed um like a mortgage on elvis on graceland recently after uh is it priscilla presley passed away and she filed a mortgage lisa marie lisa marie i'm sorry lisa marie passed away and then she tried to and then she this woman tried to foreclose on graceland yep i mean i did a I hate to say this, but the balls that it took. Stupid, you got caught.
But the balls it took to think that you were going to... I mean, it's really delusional, really. What's so funny is had she pulled it off, it wouldn't have been delusional. But I guess she thought she was going to take advantage of the confusion that was going on and... But yeah, she's probably going to go to prison for a while. But she got close.
Like if they hadn't gone in, they were about to foreclose and they went in with an injunction and said, hey, this is – she never borrowed any money. There's no – there is an actual lien on the property, but I can go find your address, type up any type of a lien and go file it. It doesn't mean it's going to stick. But for them, it stuck and they started the foreclosure process.
And had they not been paying attention, they probably would have completely foreclosed. And then can you imagine walking – you're walking up saying, no, no, we – We lent X amount of dollars. We foreclosed. You guys didn't show up. Nobody fought it. They were hoping to take advantage of that, that, um, uh, that, that confusion, uh, after her death. So, but I guess it was her granddaughter, right?
Her granddaughter came in and, and found out about it and hired somebody and, and, uh,
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Chapter 6: What happened to the fraudsters involved with Elvis's jet?
Yeah. So the same guy came up and he's like, I don't ever want to see that vehicle airplane on this property again. And we're like, all right, I guess it's time to keep heading north. You didn't see to me. I'd be like, why? I need to know why. Well, he never approached me directly. Oh, okay. He always went through the security people. He said, tell them to get that thing off right there.
But I saw him pull up, and he never even got out of the truck. He just went over, and everybody was like, oh, no, so-and-so's here. And I don't remember his name. They never mentioned his name. But apparently, this guy in an old beat-up truck had some pull in the community there on Graceland.
I got to know who.
Yeah, I know.
I don't know who it was either. They call the police. We got to know who. I'm not leaving until I find out who that guy is and what the actual reason is. Yeah. The police show up and they say, well, you got to leave. No, not leaving. I need to know.
Yeah, right.
Get him out here.
That would have made a better video. Toe it. Yeah. I'm not afraid to get arrested. I'll go in, come right back, and I'm good.
still be a video yeah no no see okay no no i don't i'm still i still want to stay in the good graces or as best we can because uh what i have learned about elvis is the guy truly was a big heart he just he cared about everybody he ever came across he wanted to see people taken care of and because of his generosity he got taken advantage i was gonna say that's always the problem isn't it Yeah.
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