A former employee of the Jacksonville Jaguars NFL team was recently charged for fraud and theft from the franchise, resulting in more than $22 million being illegally spent on a luxurious shopping spree.
The suspect, 42-year-old Christopher Raybon, is accused of using his position as the Jaguars’ senior director of financial planning and analysis to commit a wide-scale theft of funds over a period of several years. During that time, Raybon allegedly used the team’s funds to purchase a range of luxury items for himself and his family.
The stolen money was spent on lavish purchases such as real estate, cars, household items, jewelry, fine art, and various expensive vacations. In addition, he allegedly used Jaguars funds to cover the costs of college tuition for his two children.
Raybon was charged with numerous felonies, including theft, fraud and money laundering. If convicted, he could face a maximum sentence of life in prison as well as the forfeiture of all his assets.
In the wake of Raybon’s arrest, the Jacksonville Jaguars released a statement expressing their shock and disappointment over the development. They stated that they take fraud and theft very seriously and are working diligently with authorities in the case.
This case points to the vulnerability of organizations to financial fraud, even from their own trusted employees. Proper measures must be taken to prevent such situations as this from occurring and limit the damage caused by any theft.
It’s also a stark reminder of the consequences of unlawful behavior; if convicted, Raybon could face serious legal consequence and, more importantly, he may have altered the course of his life forever.