\u2018Female Madoff\u2019<\/strong><\/h2>\nThis was King Family Lending LLC (KFL), a kind of high-end digital pawn shop. Customers could receive quick cash for collateral like jewelry, luxury cars, and other high-ticket items at a higher rate than regular loans.<\/p>\n
Last month, a KFL investor, LDR International, sued King, alleging she had frittered away a $10,258,500 investment meant for third-party borrowers. She did so by moving \u201cinto the Wynn Las Vegas resort and hotel, liv[ing] there for six months, and gambl[ing] 24\/7.\u201d<\/p>\n
King lived in a comped VIP suite only offered to customers prepared to gamble more than $300K in one day. <\/strong><\/p>\nHer preferred games were slots. Her ex-husband, Kamran Pahlavi, told LA Magazine<\/em> that she called herself \u201cthe slots whisperer\u201d and claimed to have an unbeatable strategy. There is no \u201cstrategy\u201d for traditional slots, let alone an unbeatable one.<\/p>\nPahlavi, a great-nephew of the last Shah of Iran, said he left King, moved to Morocco, and filed for divorce when he learned he had been living with \u201cthe female Madoff\u201d all these years.<\/p>\n
FBI Interest <\/strong><\/h2>\nKing claims she now has no money. Earlier this month, she had the chutzpah to ask LDR for more to regain what she had lost, according to the company’s lawsuit.<\/p>\n
Despite this, she has been spotted gambling at Resorts World and several other Strip casinos, according to LAM<\/em>.<\/strong><\/p>\nLDR has referred its case to the FBI, and King\u2019s other alleged victims are understood to be in contact with federal agents. The California Bar is reportedly investigating her for misconduct, and her business license to lend money has been revoked.<\/p>\n","protected":false},"excerpt":{"rendered":"
A high-flying LA lawyer accused of living the high life at the Wynn Las Vegas with $10 million of her client\u2019s money was back gambling at the casino last week, this time in disguise, Los Angeles Magazine (LAM) reports. That\u2019s despite being banned from the Wynn and claiming to be broke. Sara Jacqueline King was […]<\/p>\n","protected":false},"author":36,"featured_media":262911,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[62,21,81886,18],"tags":[85340,83157],"acf":[],"yoast_head":"\n
L.A. Lawyer Accused of $10M Fraud 86d from Wynn Las Vegas<\/title>\n \n \n \n \n \n \n \n \n \n \n \n \n \n\t \n\t \n\t \n \n \n \n \n \n\t \n\t \n\t \n