The Jacksonville Jaguars have asked FanDuel to reimburse them for some or all of the approximately $20 million in stolen proceeds a former employee lost on the site, but the company is unwilling to pay, a source familiar with the situation told ESPN.
Amit Patel, a midlevel finance manager, has pleaded guilty to stealing $22 million through a virtual credit card system the Jaguars used for expenses. Sources with knowledge of the case told ESPN that Patel lost about $20 million of the funds on daily fantasy and sports bets at FanDuel, which had assigned him a VIP host. He lost about $1 million on DraftKings, sources said.
Patel transferred money directly from the team credit card to FanDuel, sources said.
The source familiar with the situation said discussions are ongoing among FanDuel, the Jaguars and the NFL on what the source called “a settlement.” However, the source said, “The way they see it … we got this money fair and clear. It’s not our problem that we have to forfeit it back to you.”