Economic Rules Hub
  • World
  • Politics
  • Business
  • Investing
Home Business Ex-employee charged with stealing $22M from Jacksonville Jaguars for luxury shopping spree
Business

Ex-employee charged with stealing $22M from Jacksonville Jaguars for luxury shopping spree

by admin December 8, 2023
December 8, 2023

Prosecutors have charged a former employee of the NFL’s Jacksonville Jaguars with stealing $22 million from the team and spending it on a condo, cars, cryptocurrencies, gambling, a $95,000 watch and more.

According to documents filed Monday in the Jacksonville division of the U.S. District Court for the Middle District of Florida, Amit Patel had sole authority to approve charges to the team’s virtual credit card, a charge account that doesn’t require a physical credit card.

Prosecutors say Patel made $22.2 million in fraudulent charges from September 2019 to his firing in February, and altered documents to cover up his spending. He’s charged with wire fraud and making an illegal monetary transaction.

While Patel was only allowed to use the virtual credit card for business expenses, prosecutors say he charged the team for such items as a condo in the wealthy suburb of Ponte Vedra Beach valued at $265,830; a $95,484 Patek Philippe Nautilus watch bought from an online luxury consignment shop; a Tesla Model 3 sedan; a Nissan pickup truck; as well as cryptocurrencies, NFTs, online gambling, sports memorabilia, concert and sporting event tickets, private jet travel, luxury hotel bookings, private residence rentals, a country club membership, spa trips and the retainer fee for a criminal defense law firm.

Patel’s attorney did not immediately respond to an interview request.

Team media guides show that the team hired Patel in 2018. His initial job title was coordinator, financial planning and analysis. He later became a manager in the same department.

The Jaguars were identified only as ‘Business A’ in the charging documents, but the franchise acknowledged in a statement that it was Patel’s former employer.

‘This individual was a former manager of financial planning and analysis who took advantage of his trusted position to covertly and intentionally commit significant fraudulent financial activity at the team’s expense for personal benefit. This individual had no access to confidential football strategy, personnel or other football information,’ the team said.

The Jaguars also say that they have been cooperating with the FBI, and that law and accounting firms have concluded that no other employees were involved in the alleged scheme.

This post appeared first on NBC NEWS

0
FacebookTwitterPinterestEmail
previous post
Boston woman paddleboarding near Bahamas resort killed in shark attack, police say
next post
Kerry Stevenson: Gold, Uranium, Lithium — What I’m Doing with My Money

Related Posts

JPMorgan marks 1,000th branch opening since 2018 expansion plans

August 1, 2025

Apple crushes Wall Street expectations as iPhone sales soar

August 1, 2025

Ontario cancels internet deal with Musk’s Starlink as part of...

August 1, 2025

Trump ends de minimis exemption for global low-cost goods

July 31, 2025

Recall warns some Celsius energy drink cans accidentally contain alcohol

July 31, 2025

Union Pacific to buy Norfolk in $85 billion mega U.S....

July 30, 2025

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent

    • Trump closes week with plans to reposition subs amid heightened Russia tension, new tariffs

      August 3, 2025
    • Trump 1.0 alums share chilling Google message from before second-term return: ‘LAWFARE at its finest’

      August 3, 2025
    • Dems dig in, Trump demands all: Nominee fight boils over in Senate as GOP looks for a deal

      August 3, 2025
    • Pirro confirmed as D.C. U.S. Attorney amid partisan clash as Dem nominee blockade continues

      August 3, 2025
    • Ex-Trump prosecutor Jack Smith under investigation by government watchdog Office of Special Counsel

      August 3, 2025

    Categories

    • Business (1,473)
    • Investing (3,805)
    • Politics (5,064)
    • World (4,720)
    • Email Whitelisting
    • Terms and Conditions
    • Privacy Policy
    • Contacts
    • About us

    Disclaimer: EconomicRulesHub.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2024 EconomicRulesHub.com | All Rights Reserved

    Economic Rules Hub
    • World
    • Politics
    • Business
    • Investing