Attorney Convicted and Penalized for $8 Million Gaming Swindle at Las Vegas Casinos

Embezzling Lawyer's Lavish Lifestyle Exposed

Attorney Convicted and Penalized for $8 Million Gaming Swindle at Las Vegas Casinos

In a startling turn of events, California attorney Sara King has been served a hefty sentence of 21 months in federal prison for embezzling an eye-watering $8.7M. King used her position to fund her luxurious lifestyle and a crippling gambling addiction. Here's the lowdown on this elaborate scam that swept the banking world off its feet.

King, a former top attorney in Orange County, employed a cunning and elaborate strategy to lure unsuspecting investors into a bogus loan scheme. To sweeten the deal, she used fake assets and celebrity photos, even one with Tom Brady, to hook her victims. The plan crumbled when the truth surfaced, leaving behind a trail of devastated investors.

Despite her guilty plea, Sara King later opened up about her escapades, proudly adopting the moniker "Lady Mafia" on a popular podcast. This audacious move sparked controversy and criticism, further tarnishing her already damaged reputation.

A Brief Look at Sara King's Past

Sara King, a famous face in Newport Beach, ran a reputable legal practice before her downfall. Her high-end lifestyle attracted attention, and she was often recognized as one of the top attorneys in Orange County.

King's legal troubles started when she was accused of operating a fraud scheme under King Family Lending LLC. She claimed to offer short-term loans to high-profile individuals, assuring them that the loans were secured by collateral. However, upon closer inspection, it was revealed that she never initiated or funded any loans—instead, the funds were used for her personal expenses, including gambling trips to Vegas and maintaining a lavish lifestyle.

King pleaded guilty to wire fraud and money laundering charges in 2023, with the court sentencing her to 21 months in federal prison and ordering her to pay $8,785,045 in restitution.

Sources:

[1] https://abcnews.go.com/US/california-lawyer-sentenced-embezzling-8-7m-fund-luxury/story?id=89209605[2] https://www.latimes.com/california/story/2023-03-25/irvine-lawyer-sentenced-to-prison-for-embezzling-8-7m-from-lenders[3] https://www.ocregister.com/20230325/ex-lawyer-sentenced-to-21-months-for-8-7-million-embezzlement[4] https://www.ocregister.com/20180201/orange-countys-top-attorneys-for-2018-announced/

1. Sara King's luxurious lifestyle, funded by her gambling addiction and ill-gotten gains, led her to country clubs and poker tables, with numerous trips to prominent casinos like those in Las Vegas.
2. Although Sara King's legal casing initially centered around sports betting, her eventual downfall was linked to a complex casino-and-gambling scheme under the false guise of King Family Lending LLC.
3. In the contemporary landscape of crime-and-justice, the embezzlement saga of acclaimed attorney Sara King is yet another chapter in the annals of general-news, highlighting the risks and temptations of the burgeoning online casino industry.
4. The collapse of Sara King's elaborate financial scam extended far beyond the poker table, with its harmful repercussions reaching the realms of sports betting and the wider banking world.
5. Sara King, a once-respected member of the Newport Beach community, sought her fortune in casino-games like poker in an attempt to suppress the burden of her escalating gambling addiction, eventually leading to her involvement in crime-and-justice matters.

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