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Started By
Message
A Jags employee stole $22 million.
Posted on 3/8/24 at 9:12 am
Posted on 3/8/24 at 9:12 am
quote:
The saga of the ex-Jacksonville Jaguars employee who pleaded guilty to embezzling $22 million from the team keeps getting wilder.
Last we left Amit Patel, the Jaguars' former financial planning and analysis manager, he had pleaded guilty to federal charges of wire fraud and illegal monetary transaction. The two counts add up to a maximum sentence of 30 years, but the plea deal will likely reduce that sentence. Prosecutors are reportedly recommending eight years.
Two questions that loom over Patel's sentencing is what he did with that money and what can be done to make the Jaguars whole. The Jaguars are certainly interested in those answers, given they recently pleaded with FanDuel to return $20 million.
ESPN reports that Patel's attorney, Alex King, claims his client was pushed into the crime due to a gambling addiction and used "99% of the misappropriated funds" to pay back gambling losses.
However, the prosecution countered in a filing on Thursday that Patel used $5 million on personal expenses, and what expenses they are. Here's the new list of alleged splurges, via ESPN:
- $47,113.92 on Tiger Woods' 1996 putter (the year he won his third straight U.S. Amateur and went pro)
- more than $278,000 for hotels, rental properties and travel, including $78,800 for private jets
- nearly $600,000 at Apple
- $40,000 at Amazon and Best Buy combined
- $69,025.26 with Ticketmaster, including tickets to Formula 1's Miami Grand Prix and the Pegasus World Cup in 2023
- more than $77,000 at the private Ponte Vedra Beach Inn & Club, including a $25,581.30 initiation fee and $5,508.35 for spa treatments
- $275,000 to retain King (the best idea of all these)
- $140,412.97 on eBay, with purchases including a game-used Trevor Lawrence jersey for $2,200
- a combined $9,477.11 with the Jacksonville Jaguars, the Jaguars Pro Shop, the stadium club and the stadium
You can't blame him for having team spirit on those last two. The half-million on Apple also raises questions, as it seems borderline impossible to spend that much on phones and computers unless you're outfitting a small company or running a resale scam.
LINK
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Posted on 3/8/24 at 9:13 am to Bunk Moreland
quote:
A Jags employee stole $22 million.
Quite a while ago
Posted on 3/8/24 at 9:21 am to Bunk Moreland
Old news bro
Posted on 3/8/24 at 9:21 am to cubsfan5150
how can no one else in the organization know that much money was missing?
I can understand $100,000 missing but over $20 million
I can understand $100,000 missing but over $20 million
Posted on 3/8/24 at 9:31 am to Bunk Moreland
Posted on 3/8/24 at 9:43 am to Bunk Moreland
quote:
Jags employee stole $22 million.
Posted on 3/8/24 at 9:48 am to sunnydaze
Original story is old but What he spent it on is new info
Posted on 3/8/24 at 9:48 am to Bunk Moreland
How the frick do you spend $40K at Best Buy?
I know that is Amazon and Best Buy combined, but the most expensive shite you tend to find at BB are household appliances. Did he get a fricking Viking range put in?
I know that is Amazon and Best Buy combined, but the most expensive shite you tend to find at BB are household appliances. Did he get a fricking Viking range put in?
Posted on 3/8/24 at 9:50 am to Bunk Moreland
Dude was probably making freat money to begin with. Dumb to think he could get away with this.
Posted on 3/8/24 at 9:51 am to Bunk Moreland
This may be a hot take but....This dude absolutely lived life for a short time...now he gets to go to jail for a while, probably in a low security prison...and not have to pay bills. There are worse ways to go out.
Posted on 3/8/24 at 9:53 am to Bunk Moreland
quote:
Amit Patel
He had to funnel some through 7-11.
Posted on 3/8/24 at 10:21 am to nicholastiger
quote:
how can no one else in the organization know that much money was missing?
I can understand $100,000 missing but over $20 million
That's a really good point! How exactly does that much money go missing and no one is curious as to where exactly the money went!
Posted on 3/8/24 at 10:28 am to CalLSU
quote:
That's a really good point! How exactly does that much money go missing and no one is curious as to where exactly the money went!
Khan is paying all kinds of money for his kid to run a wrestling promotion. That tells me that they aren’t exactly keeping track of all the money going out.
Posted on 3/8/24 at 10:32 am to Bunk Moreland
quote:
purchases including a game-used Trevor Lawrence jersey for $2,200
This is my favorite part
Posted on 3/8/24 at 10:48 am to Ed Osteen
quote:
This is my favorite part
$2200 for something he could have just walked into the locker room and grabbed for free haha, what a tard
Posted on 3/8/24 at 11:02 am to Bunk Moreland
How much does a guy have to be getting paid yearly for no one to ask how he is affording the type of lifestyle that comes with $300k of hotels and $80k of private flights and hanging out at the Pegasus and a private beach club?
That’s a lifestyle that I would bet not even Presidents of teams are living.
That’s a lifestyle that I would bet not even Presidents of teams are living.
Posted on 3/8/24 at 11:04 am to teke184
aew supposedly lost $34 million last year, so this is an improvement.
Posted on 3/8/24 at 11:11 am to SouthPlains
He used $275,000 to retain his lawyer with funds he stole? That can't work out well for him in the long run right? What's a lawyer going to do burn through that immediately and plead ignorant?
Posted on 3/8/24 at 11:13 am to Bunk Moreland
How does fan duel allow someone to get $20 mil in the hole without having a serious credit line or bank account to bankroll this?
I don't have an issue with online gambling, but I would also have no issue with them having to have some sort of application process to allow people to go into debt by only what they can actually afford that year.
I don't have an issue with online gambling, but I would also have no issue with them having to have some sort of application process to allow people to go into debt by only what they can actually afford that year.
Posted on 3/8/24 at 11:15 am to Lightbringer1
quote:Compensation for back-office roles in sports franchises is way below market. An FP&A Manager with 10 years of experience in Duval can’t be talking much more than $100k. If he were broadcasting his lifestyle it should have raised flags early
How much does a guy have to be getting paid yearly for no one to ask how he is affording the type of lifestyle that comes with $300k of hotels and $80k of private flights and hanging out at the Pegasus and a private beach club?
But exorbitant lifestyles are a norm in FL and it probably didn’t register as quickly (plus anyone can make up a rich relative). The same story in Cleveland probably gets more and faster scrutiny
quote:”Hey can you send me 20M?”
The Jaguars are certainly interested in those answers, given they recently pleaded with FanDuel to return $20 million.
“No”
“Please?”
“No”
I hope the Jags aren’t able to recoup anything. Any org that devoid of basic internal controls deserves the massive L
This post was edited on 3/8/24 at 11:29 am
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