DeFi Daily News
Sunday, November 2, 2025
Advertisement
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos
No Result
View All Result
DeFi Daily News
No Result
View All Result
Home Finance Business Finance

Former NFL Employee Cites FanDuel Addiction in $22M Embezzlement Case

Wayne Parry, The Associated Press by Wayne Parry, The Associated Press
October 1, 2024
in Business Finance
0 0
0
Former NFL Employee Cites FanDuel Addiction in M Embezzlement Case
0
SHARES
0
VIEWS
Share on FacebookShare on TwitterShare on Telegram
Listen to this article


In a striking turn of events, a former financial manager for the renowned NFL team, the Jacksonville Jaguars, has initiated legal proceedings against FanDuel, a leading entity in the sphere of online gambling and betting, aiming for a substantial sum of $250 million. This lawsuit emerges from allegations that FanDuel intentionally exploited the financial manager’s gambling addiction for financial gain.

The narrative at the heart of this legal tussle is about Amit Patel, currently serving a 6 1/2-year sentence in a South Carolina correctional facility. Patel’s conviction stems from significant financial fraud, wherein he embezzled a whopping $22 million from the coffers of the Jacksonville Jaguars. The intrigue intensifies as he lodges a lawsuit this Tuesday in a federal court located in New York, leveling serious accusations against FanDuel.

Patel’s lawsuit illuminates the claim that FanDuel gravely neglected its own guidelines on responsible gambling and anti-money laundering practices. It unveils a disconcerting narrative wherein FanDuel, allegedly aware of Patel’s affiliation with an NFL team—which under legal stipulations disqualifies him from participating in gambling activities—wilfully turned a blind eye. The lawsuit articulates that the staggering $20 million Patel wagered on numerous daily fantasy sports contests over the years was conspicuously illicit or, at the very least, not derived from legitimate origins.

In the wake of these allegations, FanDuel has opted to maintain silence, refraining from comment due to the lawsuit’s ongoing nature.

The legal document delves deeper, alleging that FanDuel not only turned a blind eye but actively fueled Patel’s addiction. It accuses FanDuel of providing Patel with over $1.1 million in gambling credits. These gestures of goodwill crossed the boundaries of conventional customer service, with claims of Patel’s personal host bombarding him with communication, reaching out up to 100 times a day to lure him back into the realm of gambling.

Matthew Litt, representing Patel in this legal battle, underscores that while the lawsuit doesn’t absolve Patel of his wrongdoings, it seeks to distribute the burden of responsibility. It underscores FanDuel’s purportedly aggressive tactics in ensnaring Patel deeper into his gambling addiction.

According to the lawsuit, there were instances when Patel hadn’t engaged in betting for the day, his FanDuel host would reach out, questioning his absence from betting, with these communications spanning from dawn till dusk. It also recounts how FanDuel showered Patel with extravagant gifts, ranging from trips to coveted sporting events like the Super Bowl and the Masters golf tournament to other significant sports events, augmenting the allure to gamble further.

Patel’s acknowledgement of his fraudulent activities came in December, when he pleaded guilty to wire fraud among other charges. He agreed to restitution, pledging to return the funds he misappropriated from the Jacksonville Jaguars.

This lawsuit against FanDuel is not an isolated saga but part of a larger narrative of legal challenges by compulsive gamblers accusing various gambling firms of preying on their vulnerabilities. These legal pursuits aim to highlight the alleged responsibilities gambling entities have towards identifying and mitigating potential gambling addictions.

Notably, similar cases in the past, like a September 2008 lawsuit against several casinos by a former New York attorney and a February lawsuit represented by Patel’s current lawyer against Atlantic City casinos, have been dismissed. These lawsuits, echoing Patel’s grievances, argued that the casinos had a duty to intercede when they recognized a gambler’s addiction, yet time and again, these legal challenges have faced dismissal in various states.

In wrapping up this compelling tale of a fall from grace, legal wrangling, and the dark allure of gambling, one cannot help but ponder the intricate dynamics between personal responsibility and the ethical obligations of gambling institutions. While the courts continue to navigate these murky waters, the story of Amit Patel and FanDuel adds another chapter to the complex saga of America’s relationship with gambling. For those captivated by the evolving landscape of legal battles, gambling controversies, and personal redemption arcs, this story serves as a potent reminder of the high stakes involved, both in dollars and in the human cost.

For more stories that navigate the intersecting lines of law, ethics, and the thriving world of digital ventures, take a moment to explore DeFi Daily News, where such trending news articles find their home.



Source link

Tags: 22MAddictionCasecitesEmbezzlementEmployeeFanDuelnfl
ShareTweetShare
Previous Post

The Origins of Your Favorite Food

Next Post

Review of the YNAB App by NerdWallet

Next Post
Review of the YNAB App by NerdWallet

Review of the YNAB App by NerdWallet

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

No Result
View All Result
  • Trending
  • Comments
  • Latest
rewrite this title Ripple News: First U.S. Spot XRP ETF Surpasses 0 Million in Assets

rewrite this title Ripple News: First U.S. Spot XRP ETF Surpasses $100 Million in Assets

October 26, 2025
rewrite this title and make it good for SEO MEXC Vs KuCoin 2025: Which Exchange Is Better?

rewrite this title and make it good for SEO MEXC Vs KuCoin 2025: Which Exchange Is Better?

October 26, 2025
Why Outlet Malls Are Struggling In The U.S.

Why Outlet Malls Are Struggling In The U.S.

July 16, 2024
MAGA-Themed Cryptocurrency Surges as Donald Trump’s Presidential Election Odds Increase on Polymarket – The Daily Hodl

MAGA-Themed Cryptocurrency Surges as Donald Trump’s Presidential Election Odds Increase on Polymarket – The Daily Hodl

July 15, 2024
Live Coverage of Triathlon Decision at Olympics 2024 as Beth Potter and Alex Yee Compete for Gold

Live Coverage of Triathlon Decision at Olympics 2024 as Beth Potter and Alex Yee Compete for Gold

July 31, 2024
rewrite this title Soft Washed Pleated Comforter Set from .99 at Kohl’s!

rewrite this title Soft Washed Pleated Comforter Set from $19.99 at Kohl’s!

November 15, 2024
rewrite this title Pep Guardiola hits out at referee Anthony Taylor after Manchester City victory

rewrite this title Pep Guardiola hits out at referee Anthony Taylor after Manchester City victory

November 2, 2025
rewrite this title The Complete Idiot’s Guide to MCP: Giving Your AI Web Superpowers – Decrypt

rewrite this title The Complete Idiot’s Guide to MCP: Giving Your AI Web Superpowers – Decrypt

November 2, 2025
rewrite this title Can blockchain tame AI’s IP problem?

rewrite this title Can blockchain tame AI’s IP problem?

November 2, 2025
I Can Only Ask My Husband About The Budget 2 Times Per Week

I Can Only Ask My Husband About The Budget 2 Times Per Week

November 2, 2025
rewrite this title Digitap Bridges Crypto and Traditional Finance, Fintech Adoption Accelerates

rewrite this title Digitap Bridges Crypto and Traditional Finance, Fintech Adoption Accelerates

November 2, 2025
rewrite this title What Happened to Alex Vesia? Dodgers World Series Hat Explained

rewrite this title What Happened to Alex Vesia? Dodgers World Series Hat Explained

November 2, 2025
DeFi Daily

Stay updated with DeFi Daily, your trusted source for the latest news, insights, and analysis in finance and cryptocurrency. Explore breaking news, expert analysis, market data, and educational resources to navigate the world of decentralized finance.

  • About Us
  • Blogs
  • DeFi-IRA | Learn More.
  • Advertise with Us
  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Cryptocurrency
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi-IRA
  • DeFi
    • NFT
    • Metaverse
    • Web 3
  • Finance
    • Business Finance
    • Personal Finance
  • Markets
    • Crypto Market
    • Stock Market
    • Analysis
  • Other News
    • World & US
    • Politics
    • Entertainment
    • Tech
    • Sports
    • Health
  • Videos

Copyright © 2024 Defi Daily.
Defi Daily is not responsible for the content of external sites.