LA attorney Sara Jacqueline King, is accused of embezzling blowing $10.2M of her law firm’s money, to finance her ‘extravagant lifestyle’

King allegedly granted herself 97, loans, part of the loot allegedly was spent living at a Las Vegas hotel over six months where she gambled 24/7

King, 39, is being sued by her former employer, , British based lender LDR International, for the massive sum

Lawyers for LDR say that King who had contacted them with a promise to repay, recently told them she has no money

The Newport Beach-based attorney alleges she now has only $11.98 to her name

The suit contains allegations of breach of contract, fraud, and civil theft

A glamorous Los Angeles based attorney has been accused of embezzling $10.2 million of company funds – she spent bankrolling her ‘extravagant lifestyle’ – which included a six-month gambling binge at the Wynn Hotel in Las Vegas.  
Sara Jacqueline King, 39, is being sued by her former employer, British based lender LDR International, for the full amount – though the Newport Beach-based attorney alleges she now has only $11.98 to her name after her hard-partying binge at the $300-a-night hotel.  
The 33-page suit accuses King of federal fraud, and was filed in the California Central District court Saturday. 

The complaint sheet contains allegations of breach of contract, fraud, and civil theft, and includes a series of photographs that lawyers at the lending company said were sent by King to as part of an effort to inspire trust in her high-profile connections.
One such photo shows the young lawyer posing with notable NFL stars Aaron Rodgers, Tom Brady, Patrick Mahomes, and Josh Allen at The Match, a high-profile golf event held at the Wynn last summer. Another shows King’s nearly emptied bank accounts.
Attorneys for LDR also included emails and correspondence from King in which she attempted to justify the 97 loans made from January 2022 through October 2022.

King worked as an agent for LDR, facilitating loans to high-profile clients in the United States.
According to the lawsuit, the company made loans to the attorney’s lending service – which bears her name. 
Those loans were intended for third parties – high profile stars the lawyer said she was pursuing – and were secured by various forms of collateral put up by King, including but not limited to luxury automobiles, boats, yachts, jewelry, watches, precious metal coins, and the earnings from guaranteed sports contracts.
However, in reality according to the lawsuit no such collateral was ever put up. The defendant even went a step further, to fabricate the existence of the third-party borrowers altogether, as well as the several six-figure deals associated with them.
The lawsuit alleges that instead, King moved into the Wynn in Las Vegas for half of the year, and allegedly gambled round-the-clock.

Prosecution lawyers charge that King’s then husband, who has since fled the country to Morocco, is cooperating with them and he has provided gaming records of their time at the resort. 
Attorney wrote that that the fact that King’s ex, who split with the lawyer last year, substantiates their belief that King engaged in instances of fraud against the now defunct company, which lost its status as a finance lender in April 2022.
This means the company was unlicensed to engage in several of the allegedly fraudulent transactions carried out by King over the aforementioned six months.
The timeline also more or less coincides with the period King is said to have sustained herself with the millions of dollars in company funds.
‘King spent the majority of the funds loaned by Plaintiff to King Lending to gamble in Las Vegas, fund an extravagant lifestyle, and for other personal uses by King,’ the filing alleges.
‘Plaintiff is informed and believes that King moved into the Wynn Las Vegas resort and hotel, lived there for six months, and gambled 24/7.’

Lawyers for the lending service would also provide proof of the nearly 100 short-term loans carried out by King, as well as the high-value assets she put up to secure them – more often than not luxury items such as designer handbags, jewelry, and a collectible comic book valued at $25,000.
Other items allegedly made up by King included a $400,000 Tiara F44 yacht, and a $450,000 1961 Aston Martin. Lawyers said King has never been in possession of those things.
Additionally, the lawsuit states that several of the 97 loans were to be backed by guaranteed contracts garnered from professional athletes – hailing from high-profile leagues leagues such as the NFL, MLB, NHL, and MLS.
Lawyers contend that these contracts were also fabricated by King, who provided proof of her supposed connections to athletes in these leagues by sending LDR staffers photos of her schmoozing with stars and high-profile players.
One photo included in the lawsuit shows King posing with quarterbacks Allen, Brady, Rodgers, and Super Bowl winner Mahomes back in June, for the star-studded celebrity golf exhibition at the Wynn Golf Club.

That photograph, as well as several others, was sent ‘to increase Plaintiff’s trust and confidence in King in terms of her connections, lifestyle, and connections to high-profile athletes as part of her fraud and scheme,’ lawyers write. 
Attorneys said that King has been in contact with them with promises to pay them back – but has no money and has been attempting to secure more loans to presumably continue to her alleged binge.
A cooperating witness spotted King gambling at another casino on the strip Thursday, the suit charges. 
‘King has recently provided evidence she only has $11.98 to her name,’ the lawsuit says.
‘King, in an email sent on February 9, 2023, is still asking Plaintiff and its principal for more money so she can try and make back the money she has stolen.
‘As of February 9, 2023, King also is still sending fake deals to the Plaintiff and or its agents. King claims she has spent all of the funds and has no money left to her name. King also is crossing state lines to engage in further frauds.’
A future court date has not been set but she has 20 days to file an official response to the complaints, or face a warrant for her arrest.