Indian-Origin Finance Manager Steals $22M for Real Estate, Tesla, and Crypto Investments.

Written on 01/17/2024
Asia91 Team


An Indian-origin former Finance Planning and Analysis (FPA) manager of a prominent American football team faces charges of defrauding the franchise of over $22 million through fraudulent credit card purchases to support an extravagant lifestyle. 

Amit Patel, employed by the Jacksonville Jaguars from 2018 to 2023, is accused of wire fraud and illegal monetary transactions. As the sole administrator of the team's virtual credit card program, Patel misrepresented personal expenses as business costs.

Patel allegedly used the embezzled funds to acquire a Tesla Model 3, a Nissan pickup truck, a Ponte Vedra Beach condominium, a $95,000 Patek Philippe Nautilus watch, and cryptocurrency. Although court records refer to the Jaguars as "Business A," the team confirmed Patel's involvement and terminated his employment in February.

The Jaguars cooperated with the FBI and the U.S. Attorney's Office, emphasizing that Patel had no access to sensitive football-related information. Independent reviews found no involvement or knowledge of his criminal activities among other team employees. Patel's attorney, Alex King, stated that his client plans to plead guilty and expresses deep remorse for his actions.


King explained that Patel has a big problem with gambling. He used 99% of the stolen money from the Jaguars' credit card program to cover his gambling losses. Patel didn't spend this money on himself but tried to pay off his gambling debts using the Jaguars' credit card. Because he was in charge of the credit card program, he could make fake charges for things like food, flights, and hotels that looked real.

Edit Update on Apr 4th, 2024: 

Amit Patel, an Indian American and former Jacksonville Jaguars employee, received a six-year and six-month federal prison sentence for wire fraud and conducting unauthorized monetary transactions. The sentence was delivered by U.S. District Judge Henry L. Adams on Thursday, subsequent to Patel's admission of guilt on December 14, 2023. Patel is also required to relinquish $22,221,454.40, the total gained from his fraudulent schemes, and fully reimburse the Jacksonville Jaguars.