{"id":118801,"date":"2025-05-12T18:02:38","date_gmt":"2025-05-13T02:02:38","guid":{"rendered":"https:\/\/xira.com\/p\/2025\/05\/12\/lawyer-accused-of-gambling-away-millions-in-client-funds-sentenced-to-time-behind-bars\/"},"modified":"2025-05-12T18:02:38","modified_gmt":"2025-05-13T02:02:38","slug":"lawyer-accused-of-gambling-away-millions-in-client-funds-sentenced-to-time-behind-bars","status":"publish","type":"post","link":"https:\/\/xira.com\/p\/2025\/05\/12\/lawyer-accused-of-gambling-away-millions-in-client-funds-sentenced-to-time-behind-bars\/","title":{"rendered":"Lawyer Accused Of Gambling Away Millions In Client Funds Sentenced To Time Behind Bars"},"content":{"rendered":"

Back in the summer of 2023, a California attorney \u2014 who was accused of blowing\u00a0somewhere over $8 million<\/a>\u00a0in client funds after moving into the Wynn casino and gambling \u201c24\/7\u201d \u2014 opted to plead guilty<\/a> to wire fraud and money laundering. Last week, her sentence was handed down, and because the house always wins, she will be spending some time behind bars.<\/p>\n

Sara King, 41, formerly of King Family Lending, had been facing more than 20 years behind bars, and had already agreed to pay $8,785,045 in restitution prior to her sentencing. So, how did the court roll the dice on this one? Lady Luck must have been on King\u2019s side. People<\/a> has the details:<\/p>\n

\n

King was sentenced to 21 months in federal prison after pleading guilty to wire fraud and money laundering charges\u2026.<\/p>\n

The Newport Beach attorney, 41, recruited investors under her business name, King Family Lending LLC, to facilitate \u201cshort-term loans to celebrities, professional athletes and other high-net-worth individuals secured by the borrower\u2019s own assets\u201d in a fraud scheme between January 2022 and January 2023\u2026.<\/p>\n<\/blockquote>\n

According to Sam Cross, King\u2019s attorney, his client suffered from a Xanax addiction and was drinking heavily while she was gambling client funds in Las Vegas. She has since committed herself to a rehabilitation facility. <\/p>\n

King will report to prison on July 14, and must complete three years of supervised release upon leaving the Big House.<\/p>\n

Lawyer Convicted of Spending Over $9M of Clients\u2019 Money on Las Vegas Casinos and Her \u2018Lavish\u2019 Lifestyle<\/a> [People]<\/p>\n

Earlier<\/strong>: Lawyer Who Gambled Away Millions In Client Funds Pleading Guilty\u2026 Guess She Didn\u2019t Like Her Odds<\/a>
Lawyer Accused Of $10 Million Scam That She Allegedly Spent Gambling In Vegas<\/a><\/p>\n

\n
\"Staci
<\/figcaption><\/figure>\n

Staci Zaretsky<\/a>\u00a0is a senior editor at Above the Law, where she\u2019s worked since 2011. She\u2019d love to hear from you, so please feel free to email<\/a> her with any tips, questions, comments, or critiques. You can follow her on\u00a0Bluesky<\/a>,\u00a0X\/Twitter<\/a>, and\u00a0Threads<\/a>,\u00a0or connect with her on\u00a0LinkedIn<\/a>.<\/em><\/strong><\/p>\n

The post Lawyer Accused Of Gambling Away Millions In Client Funds Sentenced To Time Behind Bars<\/a> appeared first on Above the Law<\/a>.<\/p>\n

\"\"<\/figure>\n

Back in the summer of 2023, a California attorney \u2014 who was accused of blowing\u00a0somewhere over $8 million<\/a>\u00a0in client funds after moving into the Wynn casino and gambling \u201c24\/7\u201d \u2014 opted to plead guilty<\/a> to wire fraud and money laundering. Last week, her sentence was handed down, and because the house always wins, she will be spending some time behind bars.<\/p>\n

Sara King, 41, formerly of King Family Lending, had been facing more than 20 years behind bars, and had already agreed to pay $8,785,045 in restitution prior to her sentencing. So, how did the court roll the dice on this one? Lady Luck must have been on King\u2019s side. People<\/a> has the details:<\/p>\n

\n

King was sentenced to 21 months in federal prison after pleading guilty to wire fraud and money laundering charges\u2026.<\/p>\n

The Newport Beach attorney, 41, recruited investors under her business name, King Family Lending LLC, to facilitate \u201cshort-term loans to celebrities, professional athletes and other high-net-worth individuals secured by the borrower\u2019s own assets\u201d in a fraud scheme between January 2022 and January 2023\u2026.<\/p>\n<\/blockquote>\n

According to Sam Cross, King\u2019s attorney, his client suffered from a Xanax addiction and was drinking heavily while she was gambling client funds in Las Vegas. She has since committed herself to a rehabilitation facility. <\/p>\n

King will report to prison on July 14, and must complete three years of supervised release upon leaving the Big House.<\/p>\n

Lawyer Convicted of Spending Over $9M of Clients\u2019 Money on Las Vegas Casinos and Her \u2018Lavish\u2019 Lifestyle<\/a> [People]<\/p>\n

Earlier<\/strong>: Lawyer Who Gambled Away Millions In Client Funds Pleading Guilty\u2026 Guess She Didn\u2019t Like Her Odds<\/a>
Lawyer Accused Of $10 Million Scam That She Allegedly Spent Gambling In Vegas<\/a><\/p>\n

\n
\"Staci
<\/figcaption><\/figure>\n

Staci Zaretsky<\/a>\u00a0is a senior editor at Above the Law, where she\u2019s worked since 2011. She\u2019d love to hear from you, so please feel free to email<\/a> her with any tips, questions, comments, or critiques. You can follow her on\u00a0Bluesky<\/a>,\u00a0X\/Twitter<\/a>, and\u00a0Threads<\/a>,\u00a0or connect with her on\u00a0LinkedIn<\/a>.<\/em><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Back in the summer of 2023, a California attorney \u2014 who was accused of blowing\u00a0somewhere over $8 million\u00a0in client funds after moving into the Wynn casino and gambling \u201c24\/7\u201d \u2014 opted to plead guilty to wire fraud and money laundering. Last week, her sentence was handed down, and because the house always wins, she will […]<\/p>\n","protected":false},"author":3,"featured_media":118802,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16],"tags":[],"class_list":["post-118801","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-above_the_law"],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/xira.com\/p\/wp-content\/uploads\/2025\/05\/Staci-Zaretsky-W6CJsL.jpeg?fit=150%2C100&ssl=1","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/posts\/118801","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/comments?post=118801"}],"version-history":[{"count":0,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/posts\/118801\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/media\/118802"}],"wp:attachment":[{"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/media?parent=118801"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/categories?post=118801"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/tags?post=118801"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}