"There will be a train in the United States operating in excess of 186 miles an hour in the very near future," Mike Reininger, CEO of the company planning to build the train system, said last week at a high-speed rail conference in Washington D.C. Air travel comes with the typical risks of lost luggage, canceled or delayed flights and high costs for a journey that takes roughly five hours door to door.Ī Miami-based company intends to offer a third option that sounds like something out of Switzerland or Japan: a high-speed train that will cover 218 miles between Las Vegas and the Los Angeles area in two hours and 10 minutes. ![]() There are typically two ways travelers move between Los Angeles and Las Vegas: By car, drivers risk sitting in traffic that can double the four-hour drive time. 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.Watch Video: Video: Brightline Orlando station at airport with service from Miami 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. In one case, the collateral was a vintage Avengers comic book worth $25,000, the plaintiff said in the suit. 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. ![]() ![]() 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. She promised to hold the collateral and if a borrower defaulted she would sell it to pay the investor in full, prosecutors said. King recruited investors to fund the business loans, claiming that the investments were secured by the same collateral as the loans, prosecutors said. 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.” ![]() 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. Sara Jacqueline King, 39, agreed in June to plead guilty to wire fraud and money laundering in an agreement, federal prosecutors said. 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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