Jaguars request stolen $20M from FanDuel
The Jacksonville Jaguars are seeking reimbursement from FanDuel for the approximately $20 million stolen by a former employee, Amit Patel. Patel, a finance manager, used a virtual credit card system from the Jaguars to steal $22 million, of which he lost $20 million on daily fantasy and sports bets at FanDuel and some $1 million at DraftKings. FanDuel has refused to reimburse the Jaguars, leading to ongoing discussions of a possible settlement. Federal authorities are investigating Patel, who pleaded guilty to fraud charges and attributed his actions to a gambling disorder. His extravagant lifestyle was funded through the stolen money. The NFL and the Jaguars had no knowledge of Patel’s embezzlement.
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