‘Slots Whisperer’ Lawyer Pleads Guilty to $8M Fraud

Lawyer for 'Slot Whisperer' pleads guilty to $8M scam

A California attorney accused of living in Las Vegas with more than $8 million in client funds will plead guilty to wire fraud and money laundering charges. That's the result of a plea agreement federal prosecutors filed Wednesday in California's Central District Court.

Sara Jacqueline King calls herself the “Slots Whisperer” and claims to have unparalleled high-stakes slots strategy. Court documents show King went on a six-month gambling spree in a VIP suite at the Wynn Hotel, squandering millions of dollars on lavish living and "round-the-clock gambling."

Celebrity Pawn Shop

The money belonged to investors in her company, King Family Lending LLC (KFL). The company allegedly provided short-term, high-interest loans to celebrities, professional athletes and other high-net-worth individuals that were secured by the borrowers’ own assets, such as jewelry, luxury cars and other expensive items.

The federal indictment named five victims, but did not identify them, who lost a total of more than $8 million to the fraud. While these investments were being made, King did not originate a single loan from January 2022 to January 2023.

The King Suite at Wynn is only available to VIP customers willing to gamble more than $300,000 a day.

In February 2023, KFL investor LDR International sued King, accusing her of squandering $10,258,500 in investments in third-party borrowers. It is understood that LDR referred the case to the Federal Bureau of Investigation (FBI).

Expelled from Wynn

Last November, King was banned from the Wynn Hotel after management learned he had allegedly defrauded other guests and employees. One of the victims was a cocktail waitress who invested $5,000 of her savings into King's seemingly successful business.

The king's ex-husband, Kamran Pahlavi, is the grandnephew of the last king of Iran. He introduced King to LDR through a mutual relationship, but he told Los Angeles Magazine that when he discovered he had been living with "a female Bernie Madoff," he left his wife and fled to Morocco.

As part of King's plea agreement, federal prosecutors recommended she accept a prison sentence at the "lower end" of the applicable sentencing range. That could last three to five years, according to the USCC's sentencing schedule, although the judge could ignore that recommendation and sentence King to up to 30 years in prison.