The lawyer spent over $10 million in loans for fake clients to stay in a Las Vegas hotel and gamble 24/7 for six months, the lawsuit alleges.

  • A California lawyer allegedly spent $10 million in fake client loans to fund a Las Vegas lifestyle for six months.
  • LDR International, the company that claims to have funded the loans, sued Sarah Jacqueline King this month.
  • LDR alleges that King provided false documents to secure 97 loans in 2022.

Last week, a loan company filed a lawsuit against a California lawyer alleging it took out $10 million in loans for shell clients that it used to fund a life living in a Las Vegas hotel and gambling 24/7 in for at least six months. 2022.

LDR International Limited, based in the British Virgin Islands, has filed a 33-page complaint with the California Central District Court accusing Sarah Jacqueline King and her King Family Lending company of breach of contract, fraud and civil theft.

The company accused King of providing them with falsified documents and evidence of collateral for a total of 97 loans worth $10,258,500 from January to October 2022.

The lawsuit alleges that King will present a “secured promissory note” to LDR International as evidence that the terms of the loan have been agreed, but that the personal information of the loan recipient will be redacted. LDR claims this prevented them from ever knowing for sure if the loans they thought they were funding were actually made to a prospective client.

King has allegedly acted as a facilitator of the lending process separately from her King Reuben legal practice, beginning when she formed King Family Lending LLC in February 2020. The lawsuit does not contain any information about how much lending activity the company performed before. to participate in LDR in January 2022.

The LDR alleges that King’s ex-husband, Kamran Pahlavi, “has since fled to Morocco” but confirmed to the loan company that King was “engaged in a major scam” related to her participation in LDR.

King allegedly used most of the money provided by LDR to fund her own lifestyle, and at some point in 2022 “moved to the Wynn Las Vegas resort and hotel, lived there for six months and gambled 24/7” says in the lawsuit. .

LDR also alleges that King, a licensed attorney based in Newport Beach, California, continued to apply for a loan for several months after her financial lender license expired in April 2022. King argued that the license had not yet been renewed due to an administrative issue. which LDR says it believes to be false.

The complaint also includes a spreadsheet detailing the amounts, terms and collateral provided for each of the 97 loans. The LDR contends that the list of collateral—assets that the borrower agrees can be confiscated by the lender if it defaults on the loan—comes in a variety of forms, from luxury cars and jewelry to income from guaranteed professional sports contracts, and was fabricated along with other loan details.

As further proof of her lifestyle and connections to famous athletes, King sent LDR a photo of herself with NFL quarterbacks Aaron Rodgers, Tom Brady, Patrick Mahomes and Josh Allen. The photo and other images showcasing King’s successful lifestyle appear to have been intended to boost LDR’s confidence that she was becoming a successful lender and the belief that they could continue to fund loans through her.

The photo appears to have been taken during The Match, a showcase televised round of golf between NFL stars that took place last summer at the Wynn Golf Club in Las Vegas, which is associated with the resort where LDR claims King lived during six months.

Sarah Jacqueline King (center) with (left to right) Aaron Rodgers, Tom Brady, Patrick Mahomes and Josh Allen. Central District Court of California

LDR also included in the complaint a screenshot, believed to be from King, showing three Bank of America accounts totaling just $12, which it says is all the money she had left in her name as of earlier this month.

The company claimed that King was still asking for money to get back what she may have lost, and claims that as of Feb. 9, she was still presenting fake transactions to the loan company.

The last LDR-financed loan was disbursed in October and last week reached the maturity date of the original full repayment of the loan. While the lawsuit states that King paid interest on some of the loans, none of them were paid back in full, and the lawyer allegedly defaulted on all 97 loans.

A request to comment on one email on the King Family Lending website was returned to Insider because the address did not exist or was inactive, and a request sent to another address on the site was not immediately returned.

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