Key takeaways:
- The Jacksonville Jaguars have terminated the employment of a former financial manager accused of stealing more than $22 million from the team.
- The charges include the purchase of a condo, cars, cryptocurrencies, gambling, a $95,000 watch and more.
- If convicted, the former financial manager could face up to 20 years in prison for each count.
The Jacksonville Jaguars have terminated the employment of a former financial manager who is accused of stealing more than $22 million from the team. According to documents filed Monday in the Jacksonville division of the U.S. District Court for the Middle District of Florida, Amit Patel had sole authority to approve charges to the team’s virtual credit card, a charge account that doesn’t require a physical credit card.
Prosecutors have charged Patel with one count of wire fraud and one count of illegal monetary transaction. They allege that between September 2019 and his firing in February 2023, Patel made $22.2 million in fraudulent charges and altered documents to cover up his spending.
The charges include the purchase of a condo, cars, cryptocurrencies, gambling, a $95,000 watch and more. The Jaguars have not commented on the specifics of the case, but did confirm that Patel was terminated in February.
The U.S. Attorney’s Office for the Middle District of Florida is prosecuting the case. If convicted, Patel could face up to 20 years in prison for each count.
The Jacksonville Jaguars have taken a hard stance against fraud and financial mismanagement. This case is a reminder of the importance of proper oversight and accountability when it comes to financial management.
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