Lawyer convicted of spending over $ 9 million of clients’ money on ‘lavish’ lifestyle

A California lawyer has been sentenced to federal prison to embezzle $ 8.7 million of her clients’ money to run her gaming habits in Las Vegas.

On Monday, May 5, Sara Jacqueline King was sentenced to 21 months in federal prison after invoking herself guilty of wire fraud and charges of money laundering, Los Angeles Times and Daily mail reported. She was also ordered to pay $ 8,785,045 in refund.

The Newport Beach Attorney, 41, Recruited Investors under Her Business Name, King Family Lending LLC, to Facilitate “Short-Term Loans to Celebrities, Professional Athletes and Other High-Wet-Worth Individuals Secured by the Borrower’s Own Ash and January 2023, Per The La Times and ABC 7 Los Angeles.

The US law firm in central California said after submitting charges against King in 2023 that she “never initiated or funded any loan. Instead, she used the victim’s funds to play at Las Vegas Casinos and support her lavish lifestyle,” according to The The The The The Thea New York Post.

In a separate civil trial of LDR International Limited from the British Virgin Islands, King was accused of borrowing 97 loans that amounted to $ 10.2 million from the company from January to October 2022.

She “Spent the Majority of the Funds Loaned by Plainth to King Lending to Gamble In Las Vegas, Fund An Extravagant Lifestyle, and for Other Personal uses by King. Plainteiff is informed and beliefs that King moved into the wynn Las Vegas resort and hotel Lawsuit Stated, According to the La Times.

King stated in court applications that her ex-man, Kamran Abbas-Vahid, “pushed her to play the loan funds to make the money she owed LDR International,” According to The The The The The Thes the The The The The Thea New York Post.

She blew $ 8.7 million on “lavish” expenses and games in Las Vegas and lost $ 6-7 million at Wynn Las Vegas Resort while living there. King also admitted that she spent $ 132 156 in investment money on a Porsche Taycan Electric Sports Car, according to the outlet.

King’s lawyer Sam Cross said she suffered from an Xanax addiction and “consumed 10 drinks a day” while playing in Las Vegas “to maintain her lifestyle”, according to La Times. She has since settled in a rehabilitation facility, according to Cross.

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King will reportedly report to the prison on July 14 and will need to carry out three years of monitoring release after her release from prison, the outlet reported.

Former client to King, Yumiko Sturdivant, told ABC 7, “Let me say that she is not just stalking from a billionaire. She stole from ordinary people like me. What she has done is evil and there is no way that she can come out of this.”