Former Attorney Michael
Avenatti Sentenced In The Nike Extortion Case
July 9. 2021
Michael Avenatti (left)
Former high profile attorney,
Michael Avenatti, 50, who once sued former U.S.
President, Donald Trump, on behalf of porn star
Stormy Daniels, has been sentenced to 2 and 1/2
years in prison for extorting Nike.
Avenatti was remanded into custody
in March 2019 under indictments in California and
New York, related to embezzlement and tax evasion
charges. He was briefly released for 3-months in
2020 due to the coronavirus pandemic.
Aventatti was convicted of extorting
Nike. H e was caught on audio recordings demanding
$25,000,000 in payment from the multi-billion dollar
company, for himself and a client, to keep quiet
about something they had learned.
The New York U.S. Attorney’s office
revealed the incident, “Had nothing to do with a
lawsuit or any legal work on behalf of a client.”
Avenatti found out information he stated was
damaging to Nike, regarding a series of, “Payments
made to families of high school basketball players.”
What a fall from grace. Avenatti had
hundreds of millions of dollars in his account at
one point. He lived in a mansion and high-rise
condo, while traveling the world in private jets.
Now the government seeks to take everything to repay
his victims and has already been seizing assets.
Avenatti has also been disbarred.
STORY SOURCE
Avenatti sentenced to 2 1/2 years in prison
for extortion
Thu, July 8, 2021, 1:10 AM -
NEW YORK (AP) — Michael Avenatti, the brash
California lawyer who once represented Stormy
Daniels in lawsuits against President Donald Trump,
was sentenced Thursday to 2 1/2 years in prison for
trying to extort up to $25 million from Nike by
threatening the company with bad publicity.
Avenatti, 50, was convicted of
charges including attempted extortion and honest
services fraud in connection with his representation
of a Los Angeles youth basketball league organizer
who was upset that Nike had ended its league
sponsorship.
Criminal fraud charges on two coasts
disrupted Avenatti's rapid ascent to fame.
Regardless of the outcome at Thursday's hearing, he
faces the start of a fraud trial next week in the
Los Angeles area, a second California criminal trial
later this year and a separate trial next year in
Manhattan, where he is charged with cheating Daniels
out of hundreds of thousands of dollars...
https://news.yahoo.com
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