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Report: FanDuel to Return $5M of $22M Ex-Jaguars Employee Stole from Club
FanDuel agreed to return approximately $5 million to the Jacksonville Jaguars after a former Jaguars employee stole and deposited $20 million into his sportsbook account, ESPN reports.
Amit Patel, a former finance manager for the Jaguars, pleaded guilty to using a virtual credit card system intended to cover team expenses to steal $22 million.
- FanDuel is one of the NFL’s official betting partners and wanted to act in good faith.
- The sportsbook originally did not want to return funds since they were legally obtained.
- Patel is facing a new charge that could carry a 30-year sentence.
The NFL pushed but did not demand the Jaguars and FanDuel reach a resolution, sources told ESPN.
FanDuel, one of the NFL’s official betting partners, reportedly felt motivated to help settle with the Jaguars in good faith. That sentiment represented a change from the company’s initial stance.
FanDuel received the money for high-stakes daily fantasy sports and wagers submitted at FanDuel Sportsbook.
"The way (FanDuel) see(s) it ... we got this money fair and clear," a source told ESPN after the fraud was first reported in February 2024. "It's not our problem that we have to forfeit it back to you."
Patel was sentenced to six-and-a-half years in prison for wire fraud and illegal monetary transactions in March 2024. He was relocated to a prison in Duval County, Florida, in July after prosecutors charged him with one count of first-degree organized fraud, which carries a maximum 30-year sentence in the state.
The Jaguars sued Patel for $66.6 million in treble damages in July. Patel responded in October by suing FanDuel for $250 million, claiming it took advantage of his gambling addiction and ignored responsible gaming standards and anti-money laundering rules.
Was the gambling addiction real?