AutoGear
  • Latest News
  • AutoGear TV
  • Sustainable Mobility
  • Motorsports
    • Circuits
    • Rally
    • Rally raid
    • WEC
  • English
    • Português
    • Italiano
    • Français
    • Español
    • English
    • Deutsch
    • 日本語
  • STANDINGS
No Result
View All Result
AutoGear
  • Latest News
  • AutoGear TV
  • Sustainable Mobility
  • Motorsports
    • Circuits
    • Rally
    • Rally raid
    • WEC
  • English
    • Português
    • Italiano
    • Français
    • Español
    • English
    • Deutsch
    • 日本語
  • STANDINGS
No Result
View All Result
AutoGear

Jaguars demand FanDuel to pay back stolen $20M: report

Carl Smith by Carl Smith
February 2, 2024
in Uncategorized
Reading Time: 2 mins read
0
Featured Image

Jaguars Demand $20 Million Reimbursement from FanDuel

In a shocking turn of events, the Jacksonville Jaguars are demanding that FanDuel reimburse them for the staggering $20 million stolen by former employee Amit Patel. Patel, who recently pleaded guilty to wire fraud and illegal monetary transaction charges, managed to obtain the funds through a virtual credit card system used by the Jaguars for their expenses. ESPN reports that Patel lost a whopping $20 million on daily fantasy and sports bets on FanDuel, along with an additional $1 million on DraftKings.

According to sources, Patel directly transferred the stolen money from the credit card system to the popular betting service. However, when the Jaguars approached FanDuel with their demand for reimbursement, the gambling company flatly refused. “The way they (FanDuel) see it… we got this money fair and clear,” a source revealed. “It’s not our problem that we have to forfeit it back to you.”

The Jaguars claim that they were completely unaware of Patel’s scheme until FanDuel alerted them to some suspicious bets placed in Tennessee. They were also informed by the NFL about Patel’s illegal activities. Attorney Stephen Bell, who specializes in white-collar criminal cases, emphasized that gambling sites have a responsibility to perform “Anti-Money Laundering” and “Know Your Client” procedures to prevent illicit funds from being used. Bell further argued that when a customer’s bets greatly exceed their income, red flags should be raised, prompting additional due diligence to ensure the funds are clean.

Patel’s lawyer, Alex King, previously explained that his client resorted to using the VCC program to cover his mounting losses. “It started with a little bit and, as these things usually do, spiraled wildly out of control,” King stated in an interview with The Athletic.

The Jaguars’ demand for reimbursement from FanDuel has created a stir in the sports gambling world. Will the gambling company cave in to the team’s request or maintain their stance? Only time will tell. Stay tuned for updates on this jaw-dropping scandal.

Share212Tweet133Send

Related Posts

Max Verstappen Dominates in Austin: Red Bull Star Soars to US Grand Prix Victory and Weekend Sweep
Motorsports

Max Verstappen Dominates in Austin: Red Bull Star Soars to US Grand Prix Victory and Weekend Sweep

Getty Images / Red Bull Content Pool

by Harry Bright
October 19, 2025
McLaren’s Shocking Secrets: Lando Norris Faces Hidden Sanctions Amid Controversial Racing Incident!
Uncategorized

McLaren’s Shocking Secrets: Lando Norris Faces Hidden Sanctions Amid Controversial Racing Incident!

McLaren's Curiously Vague Sanctions: Lando Norris Faces the Heat! In a startling revelation that’s raising eyebrows in the Formula 1...

by Arthur Ling
October 17, 2025
George Russell Shocks F1 World with Stunning Pole Victory at 2025 Singapore Grand Prix!
Motorsports

George Russell Shocks F1 World with Stunning Pole Victory at 2025 Singapore Grand Prix!

George Russell Snatches Pole Position in Thrilling Qualifying for 2025 Singapore Grand Prix! In a jaw-dropping display of speed and...

by Arthur Ling
October 4, 2025
Liam Lawson Reveals Shocking Truth: Red Bull’s Helmut Marko Only Calls After Disasters!
Motorsports

Liam Lawson Reveals Shocking Truth: Red Bull’s Helmut Marko Only Calls After Disasters!

Getty Images / Red Bull Content Pool

by Publisher
October 2, 2025

Recent News

Isack Hadjar’s Heartbreaking Crash in Mexico: Racing Bulls’ Nightmare Continues with Zero Points!

Isack Hadjar’s Heartbreaking Crash in Mexico: Racing Bulls’ Nightmare Continues with Zero Points!

October 27, 2025
Leclerc’s Heart-Pounding Moment: “I Could Only Pray for Space Amidst Chaos!”

Leclerc’s Heart-Pounding Moment: “I Could Only Pray for Space Amidst Chaos!”

October 27, 2025
Lando Norris Shatters Records to Claim F1 Title Lead as Oscar Piastri Faces Urgent Crisis

Lando Norris Shatters Records to Claim F1 Title Lead as Oscar Piastri Faces Urgent Crisis

October 27, 2025
George Russell Reveals Shocking Performance Clause: 2027 Future Hangs by a Thread!

George Russell Reveals Shocking Performance Clause: 2027 Future Hangs by a Thread!

October 27, 2025

Newsletter

  • PRIVACY POLICY
  • TECHNICAL INFORMATION
  • EDITORIAL STATUS
  • TERMS AND CONDITIONS

© 2023 AutoGear - Todos os direitos reservados AutoGear.

No Result
View All Result
  • Latest News
  • AutoGear TV
  • Sustainable Mobility
  • Motorsports
    • Circuits
    • Rally
    • Rally raid
    • WEC
  • English
    • Português
    • Italiano
    • Français
    • Español
    • English
    • Deutsch
    • 日本語

© 2023 AutoGear - Todos os direitos reservados AutoGear.