A California attorney, Sara Jacqueline King, has been sentenced to 21 months in federal prison after pleading guilty to wire fraud and money laundering charges. King, 41, was accused of embezzling $8.7 million from her clients to support her gambling habit in Las Vegas. She had recruited investors under her business name, King Family Lending LLC, in a fraud scheme between January 2022 and January 2023. The U.S. Attorney’s Office revealed that King used the victims’ funds for gambling and a lavish lifestyle. Despite claiming pressure from her ex-husband to gamble the money, King admitted to spending millions on gambling and luxury expenses, including a Porsche Taycan electric sports car. She attributed her actions to a Xanax addiction and excessive alcohol consumption. King is set to report to prison on July 14 and will face three years of supervised release upon her release.
