"Jaguars Demand Return of Stolen $20M from FanDuel"

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Source: ABC News
"Jaguars Demand Return of Stolen $20M from FanDuel"
Photo: ABC News
TL;DR Summary

The Jacksonville Jaguars have asked FanDuel to reimburse them for the approximately $20 million in stolen proceeds a former employee lost on the site, but the company is unwilling to pay. The employee, Amit Patel, pleaded guilty to stealing $22 million through a virtual credit card system the Jaguars used for expenses and lost about $20 million of the funds on daily fantasy and sports bets at FanDuel. Discussions are ongoing among FanDuel, the Jaguars, and the NFL on a potential settlement, but FanDuel maintains that they acquired the money "fair and clear." Patel faces up to 30 years in prison and a $500,000 fine, and has admitted to having a "gambling disorder."

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