Amit Patel was accused of one count of wire extortion and one count of unlawful financial exchanges for swindling football team’s $22 million.
A former executive of the Jacksonville Jaguars, an American football team, defrauded the team of $22 million to pay for his extravagant lifestyle, which included the purchase of a Tesla, expensive watches, and chartered flights.
Amit Patel functioned as a director of monetary preparation and investigation of the group from 2018 to 2023. Documents submitted to the US District Court in Jacksonville, Florida, include the accused’s name. The group has not been named in the documenting and has been alluded to as “Business A” however the group affirmed it was the casualty of Patel’s supposed wrongdoings, the Athletic revealed.
Patel was in charge of the department’s budget and the team’s financial statements. He also had access to the club’s Virtual Credit Card (VCC), which authorized employees use to make business-related purchases and expenses.
How Amit Patel Stole $22 Million:
Patel was assisted in making fraudulent purchases in 2019 by the authorized access to the VCC. He concealed the exchanges by physically hailing them as “repeating VCC exchanges, for example, providing food, airfare, lodging expenses, and so on. and afterward swelled the sum to manufacture budget reports and entered a sum that might seem conceivable yet additionally entered imaginary exchanges that never happened, the Athletic revealed citing records documented in the court.
He then utilized this cash to put down web-based wagers, purchase digital currency, buy extravagance watches and spa medicines, purchase show passes, store his movement in contracted flights, and purchase a Tesla Model 3 car and a Nissan pick-up truck. According to court documents, the accused bought a condo in Ponte Vedra Beach, Florida, with the stolen money.
“Throughout the course of recent months, we have coordinated completely with the FBI and the U.S. Lawyer’s Office for the Center Region of Florida during their examination and express gratitude toward them for their endeavors for this situation,” the New York Post detailed, citing the group.
“This individual had no admittance to classified football system, staff or other football data. The group drew in experienced regulation and bookkeeping firms to direct a complete free survey, which presumed that no other group workers were engaged with or mindful of his crime,” the assertion read.
He was accused of one count of wire extortion and one count of unlawful financial exchanges.