The lawsuit claimed that the loans to the third parties "were purportedly secured by luxury cars, jewelry, watches, antique precious metal coins, designer handbags, boats, yachts, and earnings from guaranteed sports contracts with representations regarding salary and bonus amounts.
King Lending had an "inactive" status on its state finance lender license starting in April, something LDR International Limited accused her of misrepresenting as an administrative hiccup, the lawsuit further claimed. It also said King sent a screenshot of her bank account showing she only had $11.98.
FOX Business reached out to King for comment but did not receive a response by the time of publication.
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