Michael Avenatti arrested over alleged $20 million extortion of Nike

Arturo Kim
March 26, 2019

But perhaps the most 2019 Mad Libs detail of the case is that another notable lawyer is reportedly the other co-conspirator in the case.

The person spoke on condition of anonymity because the information was not made public by prosecutors.

Geragos didn't respond to messages seeking comment.

This, in a sane world, wouldn't be damaging at all: Nike routinely pays athletes, including some of the biggest superstars in sports, millions of dollars to wear as many Swooshes as possible.

According to the NY complaint, Avenatti, 48, threatened that he'd release damaging information about Nike right before its earnings call, unless the athletics giant paid him and a co-conspirator $15 to $20 million.

Nike officials told investigators that Avenatti claimed to know of rules violations by an amateur basketball team sponsored by Nike. He was arrested Monday, prosecutors said. "They're bringing 16 counts because they parsed out two statements", Geragos said.

And Avenatti said he had a client who could corroborate allegations about Trump's second nominee for the Supreme Court, Justice Brett Kavanaugh, although her charges were never substantiated.

Federal prosecutors announced Monday that they are charging high-profile attorney Michael Avenatti for allegedly attempting to shakedown Nike.

Charges in the separate cases were announced nearly simultaneously.

The arrest of a prominent Mr Trump critic came a day after the US Attorney-General released a summary of special counsel Robert Mueller's findings clearing the President's campaign of conspiring with Russian Federation in the 2016 US election.

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Daniels issued a statement Monday on Twitter saying she fired Avenatti a month ago after "discovering that he had dealt with me extremely dishonestly".

Daniels said she was "saddened but not shocked" by the arrest.

The move comes three weeks after Jason Frank, a former lawyer at the firm, filed court papers accusing Avenatti of hiding millions of dollars from the court that oversaw its previous bankruptcy. Trump has denied having an affair with Daniels.

According to the Wall Street Journal, Smollett's attorney, Mark Geragos, may have been Avenatti's co-conspirator in the alleged attempted extortion of Nike.

Avenatti is accused of wire fraud and bank fraud, according to Bloomberg News.

Attorney Michael Avenatti, who represented adult film star Stormy Daniels in her legal battles against U.S. President Donald Trump, exits federal court in NY, U.S., March 25, 2019.

"Lawyers have a sworn duty to obey the law and protect their clients", Hanna said. The office says that Avenatti lied to a client about the timing and amount that was being paid in a settlement. Less than 45 minutes later, prosecutors announced the extortion case.

Avenatti's initial court appearance is scheduled for Monday afternoon in NY.

Avenatti, 48, gained prominence for representing Daniels in a defamation lawsuit against President Donald Trump.

- Celebrity lawyer Michael Avenatti is accused of trying to extort more than $20 million in payments from Nike by threatening to use his ability to garner publicity in an effort to hurt the company's reputation and finances.

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