The plaintiff, LDR International Limited, alleges that Sara Jacqueline King, a lawyer working for a lender based in the British Virgin Islands, used the money to live extravagantly at the Wynn on the Las Vegas Strip and gambled non-stop.

LDR extended loans to King Lending, which were supposed to be loaned to third-party borrowers, but instead, King allegedly falsified documents using fake names for third-party borrowers. The loans were secured by collateral, including luxury cars, boats, yachts, jewelry, precious metal coins, and earnings from professional sports contracts, Fox 5 Vegas reports.

Later, it was revealed that King Lending’s finance lender license status became invalid as of April 2022, meaning they were not licensed the majority of the time they were a borrower.

As of 9 February 2023, King is still sending fake deals to the plaintiff and/or its agents, and is allegedly crossing state lines to engage in further fraud. King claims to have spent all the funds and has only $11.98 (£9.95) to her name.