Taycan owning lawyer pleads guilty - Article

[Tooney]

A California lawyer who swindled clients out of more than $8 million and blew the funds on Las Vegas gambling sprees has agreed to plead guilty to wire fraud and money laundering charges.
King could face a maximum sentence of 20 years in federal prison when she is sentenced. She also has agreed to pay a total of $8,785,045 to five investors.
King also admitted to withdrawing $132,156 from her company’s bank account to purchase a Porsche Taycan electric sports car.

https://nypost.com/2023/06/13/sara-...-of-clients-money-in-vegas-will-plead-guilty/

 

[mangobay]

I thought most forum members took money from their company’s bank account to purchase a Taycan ?

 

[Crazymind]

Don’t trust anybody.

 

[RAHRCR]

….at least she had discerning taste in vehicles ?‍?

 

[miatnorman94]

The legal system has a crucial role in ensuring accountability and justice. In this case, where a lawyer swindled clients out of a substantial sum and misused it for personal gain, it's essential that the legal authorities are taking appropriate action. The prospect of a 20-year federal prison sentence and restitution to the affected investors highlights the severity of the situation.
For those interested in understanding more about whistleblower protections and the vital role they play in exposing financial misconduct, I recommend checking out this informative article at https://www.jdsupra.com/legalnews/what-to-look-for-in-a-whistleblower-2684985/ . It delves into the mechanisms and safeguards in place to uncover and report such wrongdoing.