Accused attorney Sarah King pictured with NFL quarterbacks Aaron Rodgers, Tom Brady, Patrick Mahomes and Josh Allen
ORANGE COUNTY, Calif. – A Newport Beach-based attorney has filed a lawsuit after spending $10.2 million in company funds during a six-month Vegas bender.
Sarah King, 39, stole $10.2 million from LDR International Ltd. to pay for six months on a luxury Vegas hotel, gambling, parties, jewelry, cars and more.
LDR, based in the British Virgin Islands, made about 100 loans for King Lending from January 2022 to October 2022.
“According to the lawsuit, the company made loans to Lawyer’s Loan Service — which bears her name. Those loans were intended to be made to third parties.” Loans from King Lending intended to third-party borrowers include luxury vehicles, boats, yachts, jewelry, watches, precious metal coins and guaranteed professional loans. Secured by various types of collateral including but not limited to earnings from sports contracts. .”” – Law and Crime Report.
However, there was no collateral and no creditor.
“They show the lavish lifestyle she was living, the jewelry, the cars and the image she was trying to portray, as well as being a successful California licensed attorney,” the filing said, according to Law & Crime. “The photos are four different images of the king.”
King is accused of fabricating loan documents to finance his lavish lifestyle and six-month Vegas bender.
Legal and Crime Reporting:
A Los Angeles lawyer is being sued for more than $10.2 million after he allegedly used his firm’s money to sustain a long, hard partying binge at a pricey Las Vegas hotel and allegedly committed fraud to do so.
The 33-page original complaint, filed in the Central District of California, accuses Newport Beach-based attorney Sarah Jacqueline King, a graduate of Loyola Law School, of breach of contract, fraud and embezzlement of LDR International Ltd.’s coffers.
According to the filing, LDR made 97 different loans to King Lending from January 2022 to October 2022. King essentially worked as an agent for LDR based in the British Virgin Islands in order to facilitate loans to customers in the United States. .
According to the lawsuit, the company made loans to Lawyer’s Loan Service — which bears her name. Those loans are meant to be given to third parties. “Loans from King Lending to third-party borrowers are secured by a wide variety of collateral, including but not limited to luxury vehicles, boats, yachts, jewelry, watches, precious metal coins, and earnings from guaranteed professional sports contracts. .”