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A Los Angeles lawyer is accused of spending $10.2 million of company funds on her own “extravagant lifestyle,” which included a six-month spree at the Wynn in Las Vegas.
Sara Jacqueline King is being sued by her former employer, British lender LDR International, for the full amount, though the Newport Beach-based lawyer alleges she now only has $11.98 to her name after her spree at the $300-a- night hotel
The 33-page lawsuit accuses King of federal fraud and was filed Saturday in the Central District of California court.
It contains charges of breach of contract, fraud and civil theft, and includes a series of photographs that lawyers for the loan company said King sent as part of an effort to inspire confidence in his high-profile connections.
One such photo shows the young lawyer posing with notable NFL stars Aaron Rodgers, Tom Brady, Patrick Mahomes and Josh Allen at The Match, a high-profile golf event held at the Wynn last summer. Another shows King’s nearly empty bank accounts.
Sara Jacqueline King is being sued by British Virgin Islands-based lender LDR International for the full amount, allegedly spent during a six-month spree at the Las Vegas hotel.
The lawsuit includes a series of photographs that attorneys for the loan company say King sent as part of an effort to inspire confidence in his connections. One photo shows the young lawyer posing with notable NFL stars Aaron Rodgers, Tom Brady, Patrick Mahomes and Josh Allen at The Match, a high-profile golf event held at the Wynn last summer.
LDR lawyers also included emails and correspondence from King in which he attempted to justify the 97 loans made from January 2022 to October 2022.
King worked as an agent for LDR, facilitating loans to high-profile clients in the United States.
According to the lawsuit, the company made loans to the attorney loan service, which bears his name.
Those loans were intended for third parties – high-profile stars the lawyer said she was going after – and were secured by various forms of collateral offered by King, including, but not limited to, luxury automobiles, boats, yachts, jewelry, watches, precious metal coins, and guaranteed sports contract winnings.
In reality, however, the lawsuit says that no such guarantee was ever made and, going a step further, that King fabricated the existence of the third-party borrowers in total, as well as the various six-figure deals associated with them.
The lawsuit alleges that instead, King moved into the Wynn in Las Vegas for six months, where he allegedly “gambled 24/7.”
The lawsuit alleges that, rather than use the funds to make deals and hookups, King moved into the Wynn in Las Vegas for six months and was “gambling 24/7.”
Lawyers for the loan company, which used to employ the Los Angeles attorney as an agent, say King recently told them he has no money. A photo included in the lawsuit shows King’s allegedly emptied bank accounts.
Lawyers claim King’s now-ex-husband fled the country for Morocco but is cooperating with them and provided gambling records of his time at the resort.
The lawyer wrote that the fact that King’s ex, who split from the lawyer last year, corroborates his belief that King was involved in fraud cases against the now-defunct company, which lost its financial lender status in April 2022. .
This means that the company was not licensed to participate in several of the allegedly fraudulent transactions carried out by King during the aforementioned six months.
The timeline also more or less coincides with the period in which King is said to have supported himself on millions of dollars in company funds.
“King spent the majority of the funds lent by Plaintiff to King Lending for gambling in Las Vegas, financing an extravagant lifestyle, and for King’s other personal uses,” the filing alleges. “Plaintiff is informed and believes that King moved into the Wynn Las Vegas hotel and resort, lived there for six months, and gambled 24/7.”
The Wynn’s facade is seen on the Las Vegas Strip. Lawyers say it was there that the Los Angeles lawyer took up residence for several months while carrying out the alleged fraud.