Gambling is often a factor when a person perpetrates a fraud, sometimes to a shocking degree. Caleb and Greg discuss one such case involving a finance professional who went to extraordinary lengths to change his bad luck.

HOW TO EARN FREE CPE

In less than 10 minutes, you can earn 1 hour of NASBA-approved accounting CPE after listening to this episode. Download our mobile app, sign up, and look for the Oh My Fraud channel. Register for the course, complete a short quiz, and get your CPE certificate.

Download the app:

Apple: https://apps.apple.com/us/app/earmark...
Android: https://play.google.com/store/apps/de...

Questions? Need help? Email [email protected].

CONNECT WITH THE HOSTS

Greg Kyte, CPA
Twitter:   / gregkyte  
LinkedIn:   / gregkyte  

Caleb Newquist
Twitter:   / cnewquist  
LinkedIn:   / calebnewquist  

Email us at [email protected]

1-800-GAMBLER is the phone number for the National Problem Gambling Helpline. It serves as a resource for individuals who may be struggling with problem gambling or gambling addiction, or their loved ones.

Sources:
How one ‘super basic’ man stole $22M from his hometown Jaguars and became ‘the biggest loser ever on FanDuel’ — News4JAX
Private jets, gambling and a Trevor Lawrence jersey: A detailed look at what Amit Patel paid for with stolen Jags money — News4JAX
The Jaguars’ $22 million question: How did four years of theft go undetected? — New York Times
Ex-Jaguars employee Amit Patel sentenced to prison for fraud — ESPN
Ex-Jags employee gambled with company card at former job — ESPN
Middle District of Florida | Former Jacksonville Jaguars Employee Sentenced To More Than Six Years For Embezzling In Excess Of $22 Million — DOJ
​​Trevor Lawrence — Spotrac.com


00:00 Every Kid Dreams of Becoming a Professional Athlete
01:16 Listener Shoutouts and Reviews
02:54 Personal Anecdotes on Homeownership
07:42 Introducing Amit Patel's Story
08:47 Amit Patel's Gambling and Career
13:14 Amit Patel's is Hired By The Jacksonville Jaguars
20:50 Amit's Fraudulent Scheme Unveiled
21:05 Duplicating Transactions for Personal Gain
22:14 Extravagant Purchases with Stolen Money
24:42 Living a Double Life
28:29 Caught by FanDuel
30:23 Legal Consequences and Sentencing
31:52 Lessons Learned and Final Thoughts
39:33 Outro and Contact Information