Living the high life in Vegas comes at a cost, but for Sara Jacqueline King the bill for 6 months staying and gambling 24/7 at the Wynn Casino was allegedly paid for by an unsuspecting victim of a $10million fraud scheme.
King, a California-based lawyer, has been accused of breach of contract, fraud, and civil theft in a lawsuit filed last week, after she took out 97 loans amounting to $10,258,500.
Those loans, it is claimed, were supported by falsified documents and evidence of collateral that included luxury cars, high-end jewelry and earnings from guaranteed professional sports contracts.
According to the plaintiff, LDR International Limited, based in the British Virgin Islands, King used most of the money to fund her own luxury lifestyle.
The lawsuit filed in California Central District Court includes claims that King “moved into the Wynn Las Vegas resort and hotel, lived there for six months, and gambled 24/7.”
King, and her company, King Family Lending, was given the loans on the basis that they were a finance lending company, but in fact their licence to operate ran out in April 2022.
LDR also claim that King’s ex-husband, Kamran Pahlavi, who has “since fled to Morocco” confirmed that his former wife was “engaged in a massive fraud”.
The 33-page complaint explains: “… the purported loans from King Lending to the third-party borrowers were purportedly secured by various forms of collateral, including but not limited to luxury automobiles, boats, yachts, jewelry, watches, precious metal coins, and the earnings from guaranteed professional sports contracts.”
Among evidence offered by LDR is a series of photos sent by King to the company featuring herself alongside NFL quarterbacks Aaron Rodgers, Tom Brady, Patrick Mahomes, and Josh Allen.
The photos, intended to build trust between herself and LDR, was taken during a televised exhibition round of golf at the Wynn Golf Club in Las Vegas.
According to LDR: “They show the lavish lifestyle she was living, jewelry, cars, and image she was trying to portray, as well as been a successful California licensed attorney. The photos are four different pictures of King.”
LDR also claim that King has claimed to have only $11.98 to her name, despite the $10million+ in loans she received from them, and is continuing to engage in fraud.
“As of February 9, 2023, King also is still sending fake deals to the Plaintiff and or its agents. King claims she has spent all of the funds and has no money left to her name. King also is crossing state lines to engage in further frauds.”
King has 20 days from the lawsuit’s filing date to provide a response to the petition.
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