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Jaguar employee arrested for $22 million theft- Update he got 6 1/2 years

Posted on 12/6/23 at 9:59 pm
Posted by TigerintheNO
New Orleans
Member since Jan 2004
41161 posts
Posted on 12/6/23 at 9:59 pm


quote:

A former Jacksonville Jaguars employee has been accused of astonishingly brazen financial crimes, according to The Athletic.

Amit Patel, who worked for the Jaguars from 2018 until this year, was charged with one count of wire fraud and one count of illegal monetary transaction this week in federal court for allegedly exploiting the team's virtual credit card program to the tune of $22 million.

Patel is listed in past Jaguars media guides with the title of "Financial Planning and Analysis Coordinator," followed by "Manager, Financial Planning and Analysis." He was reportedly fired in February.


He was thinking ahead

quote:

Here is a list of everything Patel was reportedly alleged to have bought, used or accrued with proceeds from the scheme:

a condo in Ponte Vedra Beach, Florida

a Tesla Model 3

a Nissan pickup truck

online gambling bets

a designer watch worth over $95,000

private jets and luxury hotels for travel with his friends

a retainer with a criminal defense law firm

cryptocurrency

NFTs

assorted electronics

sports memorabilia

a country club membership

spa treatments

concerts and sporting event tickets
This post was edited on 3/12/24 at 1:26 pm
Posted by boosiebadazz
Member since Feb 2008
80185 posts
Posted on 12/6/23 at 10:07 pm to
It’s always them, Boo Boo
Posted by Cosmo
glassman's guest house
Member since Oct 2003
120178 posts
Posted on 12/6/23 at 10:09 pm to
Everybody trusts the goofy indian kid
Posted by hg
Member since Jun 2009
123594 posts
Posted on 12/6/23 at 10:17 pm to
I guess owning a hotel just wasn’t enough.
Posted by Ghost of Colby
Alberta, overlooking B.C.
Member since Jan 2009
11149 posts
Posted on 12/6/23 at 10:28 pm to
quote:

a retainer with a criminal defense law firm

Almost like he knew he was going to get caught eventually.
Posted by Corso
Atlanta
Member since Feb 2020
10604 posts
Posted on 12/6/23 at 10:31 pm to
quote:

a Tesla Model 3


At least he was thinking about the environment

quote:

a Nissan pickup truck


Nevermind
Posted by OWLFAN86
The OT has made me richer
Member since Jun 2004
175716 posts
Posted on 12/6/23 at 10:48 pm to
thats Dhillips cousin he fronted Chicken the money for the NewKoozies
Posted by SoFla Tideroller
South Florida
Member since Apr 2010
30024 posts
Posted on 12/6/23 at 11:57 pm to
Dopinder went rogue
Posted by timbo
Red Stick, La.
Member since Dec 2011
7302 posts
Posted on 12/7/23 at 12:01 am to
Someone pointed out on Twitter- that comes to 1.8% of the revenue the Jaguars brought in last year. What sort of alarms would go off at your business if nearly 2% of the revenue was siphoned off?
Posted by TheBoomerEntomber
Member since Jul 2021
117 posts
Posted on 12/7/23 at 12:04 am to
Posted by MoarKilometers
Member since Apr 2015
17882 posts
Posted on 12/7/23 at 12:13 am to
quote:

Someone pointed out on Twitter- that comes to 1.8% of the revenue the Jaguars brought in last year. What sort of alarms would go off at your business if nearly 2% of the revenue was siphoned off?

He was doing it over 4 years, so that's more 0.45% range, if 1.8 was legit.
Posted by Diseasefreeforall
Member since Oct 2012
5490 posts
Posted on 12/7/23 at 2:03 am to
quote:

online gambling bets

cryptocurrency

NFTs

I'm guessing he has about $50 left.
Posted by pioneerbasketball
Team Bunchie
Member since Oct 2005
132236 posts
Posted on 12/7/23 at 4:32 am to
beat me to it
Posted by PowerTool
The dark side of the road
Member since Dec 2009
21093 posts
Posted on 12/7/23 at 4:36 am to
Posted by Britlab
Nashville
Member since Jan 2014
341 posts
Posted on 12/7/23 at 6:09 am to
Hard to believe a Subway or two wasn’t on the list
Posted by Dadren
Jawja
Member since Dec 2023
924 posts
Posted on 12/7/23 at 6:32 am to
quote:

Patel is listed in past Jaguars media guides with the title of "Financial Planning and Analysis Coordinator," followed by "Manager, Financial Planning and Analysis."


quote:

His responsibilities also reportedly included overseeing the virtual credit card program.


So guy responsible for budgeting and forecasting was also in charge of what should have been an Accounts Payable function?

The dude is scum but it sounds like the Jags kinda messed up here too.
Posted by jclem11
Neoliberal Shill
Member since Nov 2011
7758 posts
Posted on 12/7/23 at 6:35 am to
quote:

So guy responsible for budgeting and forecasting was also in charge of what should have been an Accounts Payable function?


This was my first thought. Sounds like the Jags have shitty / non-existent internal controls.

FP&A guys should not have access to any bank or credit card accounts at all. That is basic internal controls.
Posted by Stealth Matrix
29°59'55.98"N 90°05'21.85"W
Member since Aug 2019
7792 posts
Posted on 12/7/23 at 6:51 am to
Khan should've seen this one coming. Seriously, what's $22 million among friends?
Posted by IAmNERD
Member since May 2017
19179 posts
Posted on 12/7/23 at 6:52 am to
I don't understand how he was doing that over 4 years and only got one count each.
Posted by HoustonGumbeauxGuy
Member since Jul 2011
29473 posts
Posted on 12/7/23 at 7:08 am to
A guy making $125,000 wearing a $95,000 watch....

LULZ
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