FANDUEL REPORTEDLY AGREES TO PAY JAGUARS $5 MILLION FOR EMPLOYEE THEFT COVERING GAMBLING LOSSES
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✍️ FanDuel has agreed to pay the Jacksonville Jaguars $5 million in restitution for over $20 million stolen by a former employee, Amit Patel, who used the funds to cover his sports betting losses.
👉 Amit Patel, a former financial planner for the Jacksonville Jaguars, stole over $22 million from the team. 👉 Patel used the funds to cover his sports betting losses, which were fueled by a serious gambling addiction. 👉 Patel pleaded guilty to wire fraud and illegal monetary transaction and was sentenced to 6 1/2 years in prison. 👉 The Jaguars sued Patel in Florida state court, seeking $66.6 million in damages. 👉 FanDuel, the sports betting company, initially refused to reimburse the team, but eventually agreed to pay $5 million in restitution to maintain a good partnership with the NFL.
-- #AmitPatel #DonVanNattaJr. #XuanThai #Jacksonville #Alabama #Florida #sports
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