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Amit Patel

All articles tagged with #amit patel

business4 months ago

FanDuel to pay Jaguars $5 million over employee theft and betting scandal

FanDuel agreed to pay the Jacksonville Jaguars $5 million to settle a case involving Amit Patel, a former employee who stole nearly $20 million and deposited it into his FanDuel account. The NFL encouraged the resolution, highlighting the importance of responsible gambling and regulatory oversight in the evolving US sports betting industry. Patel, sentenced to prison for fraud, also sued FanDuel, claiming the company exploited his gambling addiction. The case underscores the need for sportsbooks to implement stricter protocols to prevent illegal deposits and protect consumers.

via NBC Sports|
#amit-patel#business#fanduel
crime1 year ago

"Ex-Jaguars Employee Amit Patel Receives 6+ Year Prison Sentence for $22M Fraud"

Former Jaguars employee Amit Patel has been sentenced to over six years in prison for embezzling $22 million from the team, using the money for gambling and luxury expenses. He will also have to pay over $21 million in restitution and remain on supervised release for three years after serving his sentence. Patel was found guilty of fabricating purchases and transactions to funnel money to himself during his time with the Jaguars from 2018 to 2023.

via NBC Sports|
#amit-patel#crime#embezzlement
crime-and-justice1 year ago

"Ex-Jaguars Employee Amit Patel Sentenced to 78 Months for $22M Fraud"

Former Jacksonville Jaguars finance manager Amit Patel has been sentenced to six and a half years in federal prison for embezzling $22 million to fund his gambling addiction and lavish lifestyle. Patel, who admitted to wire fraud and illegal money transactions, will also be on supervised release for three years and has to pay over $21 million in restitution. The 31-year-old, described as an emotionally scarred gambling addict, expressed remorse for his actions, attributing them to his addiction. The case has sparked concerns about the potential for others to attempt similar illegal activities.

via The Florida Times-Union|
#amit-patel#crime-and-justice#embezzlement
crime1 year ago

"Ex-Jaguars Employee Amit Patel's Lavish Spending Scandal Unveiled by Prosecutors"

Former Jacksonville Jaguars employee Amit Patel, who stole $22 million from the team, admitted to using a company credit card to gamble at a previous job and disclosed instances of childhood trauma, substance abuse, and gambling addiction as mitigating circumstances for his behavior. His attorney is seeking a lighter sentence, citing these factors, while prosecutors argue that Patel's actions were not solely fueled by gambling addiction and that a lengthy prison sentence is warranted. Patel is scheduled to be sentenced on Tuesday.

via ESPN|
#amit-patel#crime#fraud
sports-crime1 year ago

"Ex-Jaguars Employee's Lavish Spending Spree: A $5 Million Embezzlement Tale"

Federal prosecutors detailed how former Jacksonville Jaguars employee Amit Patel spent $5 million of the $22 million stolen from the team on a "life of luxury," including purchases such as Tiger Woods' 1996 putter and private jet charters. They refuted claims that his behavior was fueled by gambling addiction, stating that only a small portion of the misappropriated funds went towards gambling losses. Patel faces an eight-year prison sentence after pleading guilty to felony charges of wire fraud and illegal monetary transactions.

via ESPN|
#amit-patel#federal-prosecutors#gambling-addiction
sports2 years ago

Former Jaguars Employee's Gambling Addiction Leads to Millions in Embezzlement

Former Jacksonville Jaguars executive Amit Patel, who allegedly embezzled over $22 million from the team, claims his actions were driven by a gambling addiction. Patel's lawyer stated that he used the team's virtual credit card program to gamble on Daily Fantasy Sports platforms like FanDuel and DraftKings, with the majority of the misappropriated funds being related to gambling losses. The NFL has stated that Patel's actions did not compromise any games or involve the misuse of inside information. However, there are concerns that there may be more to the story, and a potential gambling scandal involving the NFL and the Jaguars could emerge in the future.

via NBC Sports|
#amit-patel#embezzlement#gambling-addiction