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Jacksonville Jaguars Want FanDuel to Refund $20M Stolen by a Team Finance Manager *Centurion Insurance AFS*

Feb 06, 2024 (0) comment , , , , , , , , , , ,



An NFL team wants millions back from a sports betting service.

The Jacksonville Jaguars, a team that recently found out that a finance manager stole some $22 million and lost most of it on sports bets with FanDuel, an online betting service, has asked FanDuel to refund the money, ESPN.com reported.

Amit Patel, who worked for the Jaguars for five years, pleaded guilty in December to stealing the millions through the use of a virtual credit card the team used for expenses. About $20 million was paid directly to FanDuel, and another $1 million to DraftKings, a rival online betting site, ESPN said, citing knowledgeable sources.

It’s unclear if the team has much of a chance to recover the money. Federal anti-money-laundering laws appear to require sports betting operations to ensure that funds were not illegally obtained. But the rules may not apply to daily fantasy games, the sports news site reported.

Patel’s sentencing has been set for March. He could face up to 30 years in prison.

Topics
Fraud

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