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California Lawyer Sara King Allegedly “Stole” From Husband Who is Iranian Royalty, and “Betrayed” Him

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Attorney Sara King in a selfie, and with NFL quarterbacks Aaron Rodgers, Tom Brady, Patrick Mahomes, and Josh Allen on a golf course. (Images via lawsuit complaint)

California attorney Sara King is charged with stealing more than $10 million to pay for a buying extravaganza in Las Vegas, Nevada. When Kamran Pahlavi, the grandson of Iran’s Princess Ashraf and King’s second husband, first encountered King, she was a Republican attorney from California who drove a Rolls-Royce and advertised herself as a rising star. They reportedly met in 2018 and were married in 2022.

According to royalty Pahlavi, King is accused of robbing hundreds of thousands of former friends and business partners over the past few years, as well as millions from a company held by one of his friends.

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This month, a British Virgin Islands-based business, LDR International Limited, Pahlavi’s friend’s company, filed a lawsuit against King, alleging that she stole $10 million from the business and wasted it on gambling in Las Vegas. She asserted that the debts to third parties would generate substantial returns and that they were backed by assets, such as professional sports contracts. The pictures posted looked as if the company was related to athletes.

 

According to records, King has been sued several times in relation to unpaid debts, but it does not appear that she has responded to the court action. The State Bar of California’s website shows the King Reuben law firm’s location but not its phone number, fax number, email address, or website.

 

Pahlavi, within a year of their wedding, petitioned for divorce in the Los Angeles Superior Court in December, citing irreconcilable differences. He said that she “betrayed” and “lied” to him, “stole” from him, and “embarrassed” and “humiliated” him. Pahlavi claimed that she began texting abusively as soon as he terminated their relationship.

She was also accused of stealing her family’s funds, according to trauma surgeon Amal Obaid-Schmid, who treated King’s father. George Paoulos, who claimed to have invested $125,000 in King’s company, King Family Lending, also filed a lawsuit against her. In September, a financial leasing business filed a lawsuit against King and her law firm, alleging that they were owed $300,000 in connection with her lease of a 2019 Rolls-Royce Dawn.

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In an April lawsuit, King’s first ex-husband alleged that she had used a false signature to obtain a $250,000 loan secured by their house, resulting in the filing of a notice of default “as a consequence of the fraudulent loan remaining unpaid.”

King has been reportedly frequenting Las Vegas after her relationship with Pahlavi ended. It is alleged that the city is the best location to find individuals “willing to pay 10% a month in interest for a short-term loan.”

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PGA News: PGA Championship gets new exemption category

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The PGA of America on Wednesday announced a new exemption category for the upcoming PGA Championship in May, adding the top three players from the International Federation Ranking List to the field.

The International Federation Ranking List ranks players on the Asian Tour, Japan Golf Tour, PGA Tour of Australasia and the Sunshine Tour. The list was announced last month by the governing board of the Official World Golf Ranking (OWGR).

The top three players on the list as of April 24 will be invited to play at Oak Hill Country Club in Rochester, N.Y., May 18-21.

“This new category will help identify current or emerging international players who may not yet have had the opportunity to showcase their talents in the cauldron of a Major Championship setting,” PGA of America CEO Seth Waugh said in a release.

In a nod to LIV Golf, the PGA also said it “reserves the right to invite additional players not included in the categories … in pursuit of our annual goal to deliver the strongest field in golf.”

“Our decisions are always based on what’s in the best interest of the PGA of America and conducting the best Championship possible,” Waugh’s statement went on. “Sadly the current division in the professional game is not good for the sport or the future of the game. We hope there might be some resolution soon.”

The 156-player field will be announced May 10.

–Field Level Media

Ambarella’s Upcoming Q4 Earnings Preview

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Deutsche Bank analysts provided their views on Ambarella, Inc. (NASDAQ:AMBA) ahead of its upcoming Q4 earnings announcement.
After a roughly in-line Q3 was followed by a softer Q4/Q1 guide, the analysts expect an approximately in-line report for Q4 revenues as any incremental gains from easing kitting constraints are offset by weaker macro and industry-specific headwinds which should only pick up steam heading into Q1.
According to the analysts, the company admirably remains committed to its long-term plans, and they believe the company positioned it well for the future with a landmark design win at Continental AG in addition to a win with Kodiak Robotics, their recently re-sized Auto funnel/backlog (now at $2.3 billion) and continued rollout/development of industry-leading tech (CV5 production ramping and CV3 sampling).
Despite admiring management’s commitment to the long-term plans, the analysts believe the near-term weakness and lack of clarity surrounding revenue timing lead them to believe that much of the company’s growth potential is reflected in the stock.

PGA News: The Honda Classic: Preview, Props, Best Bets

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The final edition of the Honda Classic kicks off on Thursday as the car company ends its 42-year run as a title sponsor on the PGA Tour.

PGA National is an iconic tour venue, although only three of the top 20 players in the world are in this week’s field. That presents terrific opportunities for the full field, and our golf experts break down the event along with their favorite props and best bets to win this week.

THE HONDA CLASSIC
Location: Palm Beach Gardens, Fla., Feb. 23-26
Course: PGA National Resort – The Champion (Par 70, 7,125 yards)
Purse: $8.4M (Winner: $1.512M)
Defending Champion: Sepp Straka
FedEx Cup leader: Jon Rahm

HOW TO FOLLOW
TV: Thursday-Friday, 2-6 p.m. ET (Golf Channel); Saturday, 1-3 p.m. (GC), 3-6 p.m. (NBC); Sunday, 1-3 p.m. (GC), 3-6 p.m. (NBC)
Streaming on ESPN+: Thursday-Sunday: 6:45 a.m.-6 p.m. ET
Twitter: @TheHondaClassic

PROP PICKS
–Adam Svensson to Beat J.T. Poston (+100 at DraftKings): Poston used a T6 and three consecutive T21s to rocket up to a career-best 47th in the world. He then promptly missed his next two cuts. Svensson, who is the highest-ranked player in the FedEx Cup standings this week, earned his first career Tour title at this season’s RSM Classic and is coming off a T9 at Riviera. Svensson also has sneaky history at PGA National, where he finished T9 last year and won the 2015 Korn Ferry Tour Q-School Finals by seven strokes.

–Sungjae Im Top 5 Finish (+188 at BetMGM): Im missed the cut here last year but did win his first tour event at PGA National in 2020. Already playing in his seventh event of 2023, Im posted a pair of top-10s before settling for T56 last week.

–Harris English to Make Cut (-210 at DraftKings): On the surface, this is an odd choice on a player who has missed three of his past four cuts. But English, who has been inconsistent since returning from hip surgery last year, is coming off a T12 at the Genesis Invitational. That was against a far superior field and the four-time PGA Tour winner is an excellent ball striker who should fair well in the unpredictable conditions PGA National can throw at players.

2023 Prop Picks Record: 8-10-1

BEST BETS
–Sungjae Im (+850 at BetMGM) is the highest-ranked player in the field at No. 18 and won the event in 2020. The heavy pre-tournament favorite hasn’t won since the Shriners two years ago, but he’s still the sportsbook’s second-biggest liability this week. After opening at +900, Im leads the field with 15.8 percent of the money backing him to win.
–Shane Lowry (+1600) finished second last year and rebounded with a T14 last week after consecutive missed cuts. He’s first with 7.5 percent of the total bets backing him to win, and Lowry is BetMGM’s third-biggest liability this week.
–Denny McCarthy (+2500) is a career-best 62nd in the world rankings as he seeks his first career PGA Tour title. His T14 at Riviera included a 64 on Saturday, which tied the low round of the tournament, but McCarthy doesn’t have a great track record in the Florida swing.
–Matt Kuchar (+2500) is showing signs of life after a dismal 2021 on the course. Coming off a solo eighth at Riviera and posting a T7 in Honolulu last month, Kuchar is fourth at BetMGM with 4.9 percent of the total bets.
–Billy Horschel (+2800) enters at No. 19. He has sandwiched a T32 in Phoenix with two missed cuts in his past three starts. The Florida native admits winning in his home state is a massive personal goal. Horschel is the biggest liability this week as he has drawn 5.5 percent of the total bets and 7.3 percent of the money — both third at BetMGM.
–Adam Svensson (+2800) is streaky — a pair of top-10s to go with three missed cuts and no other top-35 finishes in his past 11 events. But he clearly likes this track and is coming off a strong week at Riviera. Svensson opened at +4000 but has been a popular pick with 4.2 and 6.0 percent of the action, respectively.

NOTES
–Straka seeks to become only the second player to successfully defend at The Honda (Jack Nicklaus in 1977-78). He came from five strokes back in last year’s final round to become the first Austrian to win on tour.
–Nicklaus reworked the Tom and George Fazio designed course in 2002, 2014 and 2018, with hole Nos. 15-17 known as “The Bear Trap.” There has been a “bunkerage reduction” on the final two holes since last year’s event.
–Parker Coody earned a spot via the Monday Qualifier and will be in the field along with his twin brother, Pierceson, who is in on a sponsor exemption. Parker will be making his second PGA Tour start while Pierceson, the top player in last year’s PGA Tour University, will make his first. Their grandfather, Charles, won the 1971 Masters as one of three career tour victories.
–Two-time event winner Padraig Harrington (2005, 2015) is making his first PGA Tour start of the season, and Ryder Cup captains Zach Johnson and Luke Donald are also in the field.

–Field Level Media

WTA News: WTA roundup: Walkover sends Iga Swiatek into Dubai semis

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Iga Swiatek barely worked up a sweat on Wednesday in Dubai, United Arab Emirates, yet she still registered two wins at the Dubai Duty Free Tennis Championships.

The top-seeded Polish player crushed 14th-seeded Liudmila Samsonova of Russia in 76 minutes in third-round action. Later, Swiatek, the reigning French Open champion, received a walkover into the semifinals when the Czech Republic’s Karolina Pliskova was forced to withdraw from the tournament due to a viral illness.

Pliskova completed a 7-5, 6-7 (6), 6-2 win over Ukraine’s Anhelina Kalinina in the third round before exiting the event.

Fifth-seeded Coco Gauff of the United States didn’t have to take the court to reach the quarterfinals, as ninth-seeded Elena Rybakina of Kazakhstan withdrew because of a lower back ailment. Rybakina is the reigning Wimbledon champion.

Second-seeded Aryna Sabalenka of Belarus, who won the Australian Open in January, rallied past 13th-seeded Jelena Ostapenko of Latvia 2-6, 6-1, 6-1. Third-seeded Jessica Pegula and Madison Keys of the United States as well as the Czech pair of Karolina Muchova and Barbora Krejcikova also moved into the quarterfinals.

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Caty McNally cruised past Katie Volynets 6-3, 6-0 in an all-U.S. second-round matchup in Merida, Mexico.

In the 88-minute match, McNally converted seven of her 13 break points while Volynets cashed in on just two of her seven break opportunities.

McNally’s quarterfinal foe will be Australian qualifier Kimberly Birrell of, who beat China’s Xiyu Wang 6-3, 6-2.

Two Italians also moved on to the quarterfinals. Seventh-seeded Elisabetta Cocciaretto topped China’s Xinyu Wang 6-4, 6-2, and Camila Giorgi ousted Spain’s Nuria Parrizas-Diaz 7-6 (5), 6-2.

–Field Level Media

Hostess Brands Shares Surge 8 percent on Q4 Beat

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Hostess Brands (NASDAQ:TWNK) shares gained nearly 8% on Wednesday after the company reported its Q4 results, with EPS coming in at $0.25, better than the Street estimate of $0.24. Revenue was $339.5 million, beating the Street estimate of $331.31 million.
For fiscal 2023, the company expects EPS to be in the range of $1.08-$1.13, compared to the Street estimate of $1.09. The company’s outlook for flat gross margin (due to lingering high-single-digit inflation and Arkadelphia startup costs), while light of expectations, likely embeds a fair degree of conservatism, and implies greater leverage on operating costs to drive above-algorithm EBITDA growth for the year.
Over time, the company expects its productivity and RGM initiatives, alongside normalizing supply chain conditions/commodity inflation, to drive gross margin expansion.

PGA News: Shane Lowry undecided on including LIV golfers in Ryder Cup

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Shane Lowry isn’t ready to draw a line in the sand over whether members of the upstart LIV Golf circuit should be eligible to compete in the 44th edition of the Ryder Cup in Rome this fall.

“I can’t sit here and say whether I think they should or shouldn’t because the way it is now, I could be on the team with one or two of them or multiple of them in September,” said Lowry, a 35-year-old Irishman who stands in the top seven in Ryder Cup points to qualify for Team Europe.

“The way it is now, they’re eligible to make the team, and if they play well enough, they’ll make the team. So, it’s a very interesting time, obviously. I don’t know. I don’t know whether they should or they shouldn’t. That’s just kind of the way I am now.

“But even if I had an opinion, I can’t really say because if I’m a part of the team and then there’s bad blood there, it doesn’t bode well for the team. I’m all about Team Europe and the Ryder Cup, and I’ll do everything in my power to be a part of something that will be special in September.”

Last summer, Sweden’s Henrik Stenson was stripped of his Ryder Cup captaincy of Team Europe over his decision to join the LIV circuit.

The event will be played Sept. 29-Oct. 1, and Lowry said his mission is to return the Ryder Cup to Team Europe, which was defeated by Team USA 19-9 at Whistling Straits in Wisconsin in 2021.

“If we’re standing there with the Ryder Cup trophy on Sunday, I’ll be a happy, happy man.”

Lowry’s take on the matter was far different in September.

“With all due respect to a lot of those guys over at LIV, I think they know themselves and that’s why they went to LIV,” he said at the time. “Their Ryder Cup days are probably over.”

Lowry, the 2019 winner of the Open Championship, bounced back from a missed cut at the WM Phoenix Open to record a tie for 14th in The Genesis Invitational last Sunday.

–Field Level Media

ATP News: ATP roundup: Andrey Rublev escapes for win in Doha

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Top-seeded Andrey Rublev of Russia staved off three match points while rallying for a 1-6, 6-1, 7-6 (6) win over the Netherlands’ Tallon Griekspoor in the second round of the Qatar ExxonMobil Open on Wednesday in Doha.

Griekspoor led 3-0 in the third set, and he served for the match at 5-3. Rublev knocked off three match points and broke serve. In the decisive tiebreaker, Rublev needed three match points of his own to advance to the quarterfinals.

Second-seeded Felix Auger-Aliassime of Canada also needed three set to move on, downing Australia’s Jason Kubler 4-6, 6-1, 6-4. Third-seeded Russian Daniil Medvedev topped British qualifier Liam Broady 6-4, 6-3.

Great Britain’s Andy Murray upset fourth-seeded Alexander Zverev of Germany 7-6 (5), 2-6, 7-5, and Australia’s Christopher O’Connell came from behind to beat fifth-seeded Roberto Bautista Agut of Spain 3-6, 7-6 (5), 6-4.

Seventh-seeded Alejandro Davidovich Fokina of Spain, French qualifier Alexandre Muller and the Czech Republic’s Jiri Lehecka also reached the quarterfinals.

Open 13 Provence

Switzerland’s Stan Wawrinka and France’s Benjamin Bonzi both overcame a one-set deficit to advance to the quarterfinals in Marseille, France.

Bonzi eliminated fifth-seeded Maxime Cressy of the United States 6-7 (5), 6-4, 6-3, and Wawrinka overtook seventh-seeded Richard Gasquet of France 4-6, 7-5, 6-2. Kazakhstan’s Alexander Bublik also won his second-round match, defeating France’s Gregoire Barrere 6-4, 6-2.

In the tournament’s final two first-round matches, French wild-card entrant Arthur Fils topped Russia’s Roman Safiullin 6-4, 6-3, and Sweden’s Mikael Ymer handled Moldova’s Radu Albot 6-3, 7-6 (5).

Rio Open

No. 1 seed Carlos Alcaraz of Spain resumed his first-round match in Rio de Janeiro on Wednesday and needed just two games to close out a 6-4, 6-4 win over Brazilian wild card Mateus Alves.

The match had been suspended a day earlier due to rain with Alcaraz up 6-4, 5-3.

Sixth-seeded Sebastian Baez of Argentina closed out a suspended match with a 6-3, 6-2 win over Brazilian wild card Thomaz Bellucci, while Serbia’s Dusan Lajovic completed his two-day match by beating fifth-seeded Diego Schwartzman of Argentina 6-1, 6-4.

Second-seeded Cameron Norrie of Great Britain and Bolivia’s Hugo Dellien both won second-round matches. Italy’s Fabio Fognini and Bernabe Zapata Miralles and seventh-seeded Albert Ramos-Vinolas, both of Spain, posted opening-round wins.

–Field Level Media

Dana Shares Plummet 17 percent Following Q4 Report

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Dana Incorporated (NYSE:DAN) shares plunged more than 17% on Tuesday after the company reported its Q4 results, with EPS of ($0.10) coming in worse than the Street estimate of $0.24. Revenue was $2.56 billion, above the Street estimate of $2.51 billion.
The company expects fiscal 2023 EPS to be in the range of $0.25-$0.75, compared to the Street estimate of $0.73. Full-year revenue is expected in the range of $10.35-10.85 billion, versus the Street estimate of $10.11 billion.
According to the analysts at Deutsche Bank, the strong negative reaction to the company’s earnings announcement reflects not only the weaker margin outlook for 2023 but also investors’ realization that net inflationary costs and heightened EV spending could drag on profitability and free cash flow at least until mid-decade.
The company’s newly initiated 2023 guidance and mid-decade target call for an EBITDA margin range of 7.2%-7.8% and approximately 9%, respectively, which are significantly below the previous 12% mid-term margin target issued in 2019.

Sparks re-sign 2-time All-Star Chiney Ogwumike


The Los Angeles Sparks have re-signed Chiney Ogwumike, the two-time All-Star confirmed Wednesday.

Ogwumike, 30, averaged 7.0 points and 5.5 rebounds in 26 games (seven starts) with the Sparks in 2022.

The 6-foot-3 forward/center was the No. 1 overall pick in the 2014 WNBA Draft by the Connecticut Sun.

Ogwumike will be reunited with new Sparks coach Curt Miller, who previously coached her in Connecticut.

“I am motivated an inspired for this season to mark a new chapter for the Sparks and me,” Ogwumike said. “Reuniting with Curt, the coach that helped me be an All-Star in 2018, who knows my fight and journey on the court, means the world to me.

“… I don’t take for granted the opportunity to wear the purple and gold and will leave it all on the court this season.”

Ogwumike owns career averages of 11.8 points and 6.7 boards in 160 games (104 starts) with the Sun (2014, 2016, 2018) and Sparks (2019, 2021-22).

–Field Level Media