Who is Amit Patel Former Jaguars employee charged with stealing 22 million from team
Who is Amit Patel Former Jaguars employee charged with stealing 22 million from team
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A former Jaguars employee has been sentenced to six and a half years in prison for stealing more than $22 million from the team over four years, a In December, Amit Patelwas "named in court documents filed in U.S. District Court in Jacksonville, Fla." that alleged he had defrauded "Busine s A" of more than $22 million, .The Jaguars weren't officially Adam Erne Women Jersey named in the filing. However, the team said in a statement that it was the victim of Patel's scheme.We can confirm that in February 2023, the team terminated the employment of the individual named in the filing, the team said in a statement. Over the past several months we have cooperated fully with the FBI and the U.S. Attorneys Office for the Middle District of Florida during their investigation and thank them for their efforts in this case."As was made clear in the charges, 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 teams expense for personal benefit. This individual had no acce s to confidential football strategy, personnel or other football information. The team engaged experienced law and accounting firms to conduct a comprehensive independent review, which concluded that no other team employees were involved in or aware of his criminal activity.MORE: Here's what to know about Amit Patel and how he allegedly defrauded the Jaguars of more than $22 million.Amit Patel is a former member employee of the Jaguars who worked within the team's finance department. He Dylan Larkin Men Jersey joined the organization in 2018 and stayed through February of 2023 before he was fired by the team.Before his dismi sal, Patel had held the role of "manager, financial planning and analysis" in that department. He held several roles with the team before his firing.Patel was let go after it was discovered he defrauded the organization's virtual credit card (VCC) program to cover personal purchases.The program was designed to allow certain employees to "request VCCs for busine s-related purchases or expenses." However, Patel,according to The Athletic, used the program to cover personal expenses such as the following:Two vehiclesA condominiumA designer watch worth over $95,000Personal travel expensesTickets to various eventsSports memorabiliaNon-fungible tokens (NFTs)A country club membershipElectronicsHome furnishingsAdditionally, The Athletic reports that some of the money taken by Patel was used to "purchase copyright and place bets with online gambling sites."Patel covered up these transactions by identifying "reoccurring VCC transactions, such as catering, airfare, and hotel charges, and then duplicated those transactions; he inflated the amounts of legitimate reoccurring transactions; he Vladimir Konstantinov Jersey entered completely fictitious transactions that might sound plausible, but that never actually occurred.MORE: In total, Patel was charged with stealing "more than $22 million" from the Jaguars via that scheme over four years from 2019 to 2023.For context, that's about as much money as Jacksonville's first-round pick in 2019, Josh Allen, made during that same four-season time frame. Allen's rookie contract was worth $22.7 million over four years.So, suffice to say that Patel's alleged embezzlement was significant.TheUnited States Attorney's Office is charging Patel with wire fraud and illegal monetary transaction.Patel was convicted of these charges and sentenced to six and half years in federal prison. He will be required to forfeit $22,221,454.40 in restitutions and he'll be on supervised release for three years following his release.
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