Free Republic

Amit Patel is currently serving a six-and-a-half year prison sentence after stealing $22 million from his former employer, the Jacksonville Jaguars. FanDuel is facing a staggering lawsuit. Amit Patel filed a $250 million lawsuit in federal court on Tuesday. He accused the betting site of preying on his gambling addiction. Patel, who previously worked for the Jacksonville Jaguars, is currently serving a six-and-half-year prison sentence. He pleaded guilty to wire fraud in March, admitting that he stole more than $22 million over the three years he managed the team’s virtual credit card program.

New York Attorney General Eric Schneiderman on Thursday filed an amended lawsuit against DraftKings and FanDuel asking the daily fantasy sports companies to give back all the money they made in New York State. The amended lawsuit asks the two companies to make restitution of all funds obtained from consumers in connection with alleged violations and seeks a civil penalty of up to $5,000 per case. The lawsuit also asks that the two companies provide an accounting of the money they collected from consumers in New York who played any of their games. Boston-based DraftKings and New York-based FanDuel did...

New York Attorney General Eric Schneiderman on Tuesday ordered the nation’s two largest fantasy-sports-betting Web sites to cut off gamblers from the Empire State — saying the online operations are illegal and designed to scam sports fans out of billions of dollars. In cease-and-desist letters to FanDuel and DraftKings, Schneiderman’s office said the booming businesses were breaking New York’s law that prohibits gambling on games of chance. The letters say the companies’ customers “are clearly placing bets on events outside of their control or influence, specifically on the real-game performance of professional athletes.”