The former Jacksonville Jaguars employee Amit Patel has not disclosed his actual net worth as of 2024. However, he reportedly has a net worth of around $1 million.
Mr. Patel had worked in different positions during his time with the NFL franchise. He must have garnered a handsome salary working with the Jaguars. Additionally, he has reportedly purchased some assets, including the NFTs.
Recently, Amit was accused of stealing $22 million from the NFL team.
Amit Patel was an executive for the Jaguars until he was fired in February 2023.
He joined the team in 2018 and worked as a coordinator, financial planning and analysis, and later realized the position of manager, financial planning and analysis.
While at Jaguars, he looked over the monthly financial statements and department budgets and was the club’s administrator of its virtual credit card (VCC) program.
Fraud Controversy Worth $22M
The former Jacksonville Jaguars executive Amit Patel is accused of stealing over $22 million from the franchise.
He reportedly bought several luxury items, including two vehicles, a condominium, and a designer watch.
Amit Patel was named in the court documents filed in U.S. District Court in Jacksonville, Fla. However, the Jaguars were not mentioned in the federal filing — the organization was referred to as “Business A.”
Later, it was confirmed that Jaguars was the victim of Patel’s alleged crimes. “We can confirm that in February 2023, the team terminated the employment of the individual named in the filing,” the team said in a statement.
They were open about their charges and said that Patel took advantage of his trusted position to covertly and intentionally commit significant fraudulent financial activity.
The team also clarified that upon a comprehensive independent review, they concluded that no other team employees were involved in or aware of his criminal activity.
On the other hand, Patel’s attorney did not immediately respond to an interview request. Similarly, the assistant U.S. Attorney also did not respond to a request for comment.
Patel, who was linked with the Jaguars from 2018-2022, oversaw the company’s monthly financial statements.
Just before his exit, he also served as the club’s administrator of its virtual credit card (VCC) program, which allowed him for business-related purchases or expenses.
Since the beginning of September 2019, Patel allegedly hid transactions by identifying “reoccurring VCC transactions, such as catering, airfare, and hotel charges, and then duplicated those transactions.
Amit Patel Used The Fraudulent Money For Personal Expenses
Patel was accused of embezzling $22 million from the team, reportedly utilizing the fraudulent funds for various personal expenses.
His alleged misappropriation included the acquisition of a condominium, a new Tesla Model 3, and a Nissan pickup truck. Patel’s extravagant spending extended to a $95,000 watch, showcasing the extent of his luxury purchases.
Moreover, he reportedly invested in cryptocurrency and NFTs (non-fungible tokens).
Additionally, Patel is said to have secured a country club membership. Furthermore, he engaged in online gambling and utilized the illicit funds for personal travel, both for himself and his friends.