Current:Home > MarketsNovaQuant-Ex-Jaguars employee who stole $22 million from team sentenced to 6½ years in prison -RiseUp Capital Academy
NovaQuant-Ex-Jaguars employee who stole $22 million from team sentenced to 6½ years in prison
FinLogic FinLogic Quantitative Think Tank Center View
Date:2025-04-07 19:11:37
A former Jacksonville Jaguars employee who pleaded guilty to stealing $22 million from the team has been sentenced to six-and-a-half years in prison,NovaQuant the U.S. Attorney’s Office for the Middle District of Florida announced Tuesday.
Amit Patel, who racked up millions of dollars in fraudulent charges while serving as the administrator for the Jaguars’ virtual credit card program from September 2019 to February 2023, was also ordered to pay the Jaguars $21.1 million in restitution and attend Gamblers Anonymous meetings.
Patel, 31, faced up to 30 years in prison after pleading guilty in December to wire fraud and engaging in an illegal monetary transaction.
“Today, the IRS intercepted Patel’s playbook and achieved justice for the American public," IRS-CI Acting Special Agent in Charge Lani Rosado-Espinal said in a statement. "Patel deceived the Jacksonville Jaguars and used his position of trust to steal from the team, gamble on games and fund a lavish lifestyle.”
DETAILS:Feds detail ex-Jaguars employee Amit Patel's spending on 'life of luxury'
All things Jaguars: Latest Jacksonville Jaguars news, schedule, roster, stats, injury updates and more.
Court documents said Patel operated a fraud scheme and embezzled more than $22 million from the Jaguars. He transferred $20 million to FanDuel, $1 million to DraftKings and used more than $5 million to fund his "life of luxury," including spending over $200,000 for golf memorabilia (he paid $47,113.92 for Tiger Woods' 1996 putter), $78,800 in private jets, and $278,000 for hotels, rental properties, and travel. He also spent $95,000 on a single wristwatch and continued to spend cash after his firing, purchasing a game-used Trevor Lawrence jersey for $2,200 on eBay.
To hide his illicit transactions, prosecutors said Patel "created accounting files that contained numerous false and fraudulent entries and emailed them to the Jaguars' accounting department."
"I stand before you embarrassed, shamed, and disappointed by my actions," Patel said during the sentencing hearing, according to ESPN. "I can never truly convey how sorry I am to everyone affected by my actions."
During the hearing, Megha Parekh, senior vice president and chief legal officer for the Jaguars, said Patel "betrayed us."
"We gave him his dream job. We trusted him. We worked with him. We broke bread with him. We went through a pandemic and the highs and lows of the NFL with him," Parekh said, according to ESPN. "We take no joy in his punishment. Make no mistake, Amit broke our hearts."
In December, Patel's attorney, Alex King, said his client "suffers from a serious gambling addiction" and approximately 99% of the misappropriated funds from the Jaguars' virtual credit card program were gambling losses.
Contributing: Scooby Axson, Tom Schad
veryGood! (266)
Related
- How to watch the 'Blue Bloods' Season 14 finale: Final episode premiere date, cast
- Joel Embiid, Anthony Davis and Bam Adebayo effective 1-2-3 punch at center for Team USA
- GOP vice presidential pick Vance talks Appalachian ties in speech as resentment over memoir simmers
- Rally shooter had photos of Trump, Biden and other US officials on his phone, AP sources say
- The White House is cracking down on overdraft fees
- Prime Day 2024 Last Chance Deal: Get 57% Off Yankee Candles While You Still Can
- Tree may have blocked sniper team's view of Trump rally gunman, maps show
- Triple decapitation: Man accused of killing parents, family dog in California
- Intel's stock did something it hasn't done since 2022
- Jagged Edge's Brandon Casey “Should Be Dead” After Breaking Neck, Skull in Car Crash
Ranking
- The White House is cracking down on overdraft fees
- Alabama inmate Keith Edmund Gavin to be 3rd inmate executed in state in 2024. What to know
- What JD Vance has said about U.S. foreign policy amid the war in Ukraine
- U.S. Secret Service director agrees to testify to House lawmakers after Trump assassination attempt
- John Galliano out at Maison Margiela, capping year of fashion designer musical chairs
- U.S. decides to permanently dismantle pier helping deliver aid into Gaza, official says
- Mike Tyson set to resume preparations for Jake Paul fight after layoff for ulcer flareup
- Hundreds gather to remember former fire chief fatally shot at Trump rally in Pennsylvania
Recommendation
Bill Belichick's salary at North Carolina: School releases football coach's contract details
Book excerpt: Godwin by Joseph O'Neill
Maren Morris addresses wardrobe malfunction in cheeky TikTok: 'I'll frame the skirt'
Movie armorer seeks dismissal of her conviction or new trial in fatal shooting by Alec Baldwin
Military service academies see drop in reported sexual assaults after alarming surge
John Deere drops diversity initiatives, pledges to no longer join 'social or cultural awareness parades'
We are more vulnerable to tornadoes than ever before | The Excerpt
Raymond Patterson: Investment Opportunities in Stock Splitting