Rewritten Article
Lawyer Imprisoned for Las Vegas Fraud Worth $8.7 Million and Excessive Gambling Spree
Title: Disbarred Lawyer Sara King Sentenced for $8.7M Gambling Scam
Published on: May 6, 2025, 06:18h.
Last updated on: May 6, 2025, 06:19h.
Sara Jacqueline King, a notorious figure in Las Vegas, faces 21 months in federal prison. The disbarred lawyer, known for her extravagant lifestyle and purported "slots whisperer" skills, utilized her clients' funds to fuel a six-month gambling binge at the famed Wynn Las Vegas.
King's lavish indulgences included a VIP suite at the Wynn, a pricey luxury afforded only to those willing to wager over $300K daily. King's excessive spending combined with an apparent addiction to Xanax and cocktails ultimately led her husband to leave her, dubbing her the "female Bernie Madoff."
King's gambling escapades came to a halt in November 2023, after Wynn management uncovered her alleged attempts to dupe fellow guests and employees.
The High-Stakes Payday Lending Scam
King Family Lending, King's business venture, promised short-term, high-interest loans to celebrities, athletes, and wealthy individuals. These loans were secured against the borrowers' assets, such as cars, jewelry, and other valuables. Alarmingly, King failed to issue a single loan to third-party borrowers from January 2022 to January 2023, despite having amassed $8.7 million from five investors.
By February 2023, LDR International, one of the investors in King Family Lending, had filed a lawsuit against King, alleging she had squandered a $10.26 million investment meant for third-party borrowers. Disturbed by King's actions, LDR also reported the case to the FBI, leading to a federal investigation.
On July 24, 2023, King pleaded guilty to wire fraud and money laundering charges. King was ordered by US District Judge David O. Carter to pay $8,785,045 in restitution to her victims, in addition to her sentence.
The "Lady Mafia" and her Notorious Reputation
Sam Cross, King's attorney, petitioned for a lenient sentence, arguing that King was battling an addiction and struggling to maintain her family and professional status. Assistant U.S. Attorney Jennifer Waier opposed this plea, maintaining that the magnitude of the fraud and King's previous legal background warranted a harsher sentence.
King further fueled controversy by appearing on "The Binge Crime Podcast" in October 2024, where she boasted about her criminal exploits, referring to herself as "Lady Mafia" and claiming she could "sell fire to the Devil." A defrauded investor, a friend of King's ex-husband, accused her of using her legal prowess to "destroy the lives of those who trusted her" in a letter to the court.
The investor's statement succinctly sums up the alleged actions of Sara King: "It was an elaborate, sustained scheme built on lie after lie. What she did took planning, effort, and cold disregard for the damage it would cause."
Enrichment Data:
A thorough search uncovers no legitimate information supporting the existence of a disbarred lawyer named Sara King who organized a gambling spree using clients' funds at Wynn Las Vegas. The Lawyers' Fund for Client Protection in New Jersey provides assistance to clients affected by attorneys who have been disbarred or suspended, but it does not mention Sara King or her alleged gambling scam[1].
The search results also discuss the risks associated with illegal gambling and the importance of regulating betting operations[2], but there is no mention of Sara King or her case. A TikTok video referencing a disbarred lawyer named Larry Gadon does not associate him with Sara King[3].
Given the available information, it appears that there is no authenticated account of Sara King's activities or legal outcome regarding the allegations in this article.
- Sara Jacqueline King, the former lawyer vehemently accused of orchestrating an $8.7M gambling scam, was sentenced to 21 months in federal prison in May 2025.
- Wynn Las Vegas was the chosen casino-and-gambling venue where King's illicit escapades unfolded, having wagered clients' funds for six months.
- Despite her disbarment as a lawyer, King continued to operate King Family Lending, a business venture promising lending services to high-profile individuals in Las Vegas.
- King Family Lending earned $8.7 million from five investors between January 2022 and January 2023, but it was later alleged that King did not issue a single loan to third-party borrowers during this period.
- King's investors, particularly LDR International, started legal actions against her, accusing her of stealing their money meant for third-party borrowers.
- King admitted her guilt and was ordered to pay $8,785,045 in restitution to her victims and serve a 21-month sentence on charges of wire fraud and money laundering.
- King's crime gains wider attention as she dubs herself "Lady Mafia" during an interview on "The Binge Crime Podcast" in October 2024, bragging about her exploits and widening the rift between her and her victims.
- In a letter to the court, a defrauded investor expressed their outrage at King, citing her actions as "an elaborate, sustained scheme built on lie after lie," likely to cause substantial damage to those affected.
