![]() 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. The lawsuit alleged that 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. California promised to expand I-15 near Stateline in 2021, Las Vegas mayor says its time to deliver News Nevada State Police cracking down on dangerous. In one case, the collateral was a vintage Avengers comic book worth $25,000, the plaintiff said in the suit. Las Vegas Review-Journal brings you the latest Las Vegas traffic news, road closures, construction and other updates. ![]() In the lawsuit, she was accused by British Virgin Island-based LDR International Limited of giving King 97 loans amounting to $10.2 million from January through October of last year. ![]() If youre mainly just doing this trip to see Los Angeles, you can take off at virtually any time and make it that same day. Taking the quickest possible route, the road trip from Las Vegas to Los Angeles takes 4 hours 15 minutes and covers 270 miles. King said she would keep a percentage of the interest earned from the loans and pass along a percentage to the investor along with the initial investment, prosecutors said.īut she never funded any loan and instead spent the money on herself, prosecutors said. (via Mojave National Preserve) 320 miles. She promised to hold the collateral and if a borrower defaulted she would sell it to pay the investor in full, prosecutors said. If you drive straight through and encounter little traffic, you might be able to do it in 3.5 hours. King recruited investors to fund the business loans, claiming that the investments were secured by the same collateral as the loans, prosecutors said. The average drive time from Southern California to Las Vegas is just over four hours. 11 of this year, she collected about $8 million from five investors through her business King Family Lending LLC that was used to “gamble at Las Vegas casinos and support her lavish lifestyle.”Īccording to her plea agreement, King Lending purported to provide “short-term, high-interest loans to celebrities, professional athletes and other high-net-worth individuals secured by the borrower’s own assets, including designer handbags, watches, luxury automobiles, yachts and earnings from guaranteed professional sports contracts.” ![]() ![]() When people are cooking and eating theyre not on the roads Report inappropriate content. Leaving Los Angeles between noon and 2pm is probably better than in the morning. King was also sued in federal court earlier this year in a claim alleging she defrauded a lender out of about $10.2 million.įederal prosecutors allege that beginning at the start of 2022 and through Jan. Vegas is near sold-out on Thanksgiving weekend and lots of people also driving there to spend the day with family. Sara Jacqueline King, 39, agreed in June to plead guilty to wire fraud and money laundering in an agreement, federal prosecutors said. GameSense is a registered trademark of British Columbia Lottery Corporation, used under license by MGM Resorts International.A Newport Beach attorney who boasted of providing loans to wealthy and famous clients pleaded guilty Monday to a fraud scheme that bankrolled a gambling habit and a lavish lifestyle. ![]()
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