Michael Avenatti Arrested – Charged With Extortion Of Nike For $20 Million

Attorney Michael Avenatti, who represented porn star Stormy Danielsagainst President Donald Trump and was later arrested for allegedly beating a woman, has been arrested and charged after trying to extort athletic company Nike for $20 million.

Avenatti took to Twitter to announce a press conference he was going to hold to disclose a huge high school/college basketball scandal that was allegedly perpetrated by Nike that he claims to have uncovered.

However, according to the criminal complain, Avenatti devised “a scheme to extort a company by means of an interstate communication by threatening to damage the company’s reputation if the company did not agree to make multi-million dollar payments to Avenatti and [co-conspirator], and further agree to pay an additional $1.5 million to a client of Avenatti’s.”

https://twitter.com/lachlan/status/1110231120069709824?s=21

Federal authorities also claimed Avenatti and a cooperating witness spoke by phone with lawyers for Nike “during which Avenatti stated, with respect to his demands for payment of millions of dollars, that if those demands were not met ‘I’ll go take ten billion dollars off your client’s market cap… I’m not f—ing around.’”

And there’s more.  Avenatti isn’t just charged with extortion, but also bank fraud.

Tyler Durden reported:

A second set of charges allege he embezzled a client’s money in order to pay his own expenses and debts — as well as those of his coffee business and law firm — and also defrauded a bank by using phony tax returns to obtain millions of dollars in loans.

Avenatti reportedly negotiated a $1.6 million settlement on behalf of a client, then turned around and gave the client a “bogus settlement agreement” with a fake date and fake amount. He used the stolen money to pay “expenses” for his coffee business.

Full complaint here.

It’s been a bad few days for the #resistance.

https://twitter.com/nickmon1112/status/1110233496952496128?s=21

As for Stormy Daniels, she put in her two cents on Avenatti, which was less than glowing seeing that she was trusting him to represent her.  Her statements are quite telling about him and her.

All I have to say is, it couldn’t happen to a nicer guy.

Article posted with permission from Sons of Liberty Media

Tim Brown is an author and Editor at FreedomOutpost.com, SonsOfLibertyMedia.com, GunsInTheNews.com and TheWashingtonStandard.com. He is husband to his “more precious than rubies” wife, father of 10 “mighty arrows”, jack of all trades, Christian and lover of liberty. He resides in the U.S. occupied Great State of South Carolina. . Follow Tim on Twitter. Also check him out on Gab, Minds, MeWe, Spreely, Mumbl It and Steemit

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Tim Brown

Tim Brown is an author and Editor at FreedomOutpost.com, SonsOfLibertyMedia.com, GunsInTheNews.com and TheWashingtonStandard.com. He is husband to his “more precious than rubies” wife, father of 10 “mighty arrows”, jack of all trades, Christian and lover of liberty. He resides in the U.S. occupied Great State of South Carolina. . Follow Tim on Twitter. Also check him out on Gab, Minds, MeWe, Spreely, Mumbl It and Steemit

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