Michael Avenatti Arrested For Extortion, Tax Fraud And Theft Of Client Money (Video)

March 25. 2019

Michael Avenatti, the attorney of porn star, Stormy Daniels, who sued U.S. President Donald Trump in a failed legal action, has been arrested on sweeping criminal charges. Avenatti has been indicted for trying to extort $25,000,000 from multi-billion dollar company, Nike.

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.”

The incident happened last week, over the course of three days (March 19-22) in a series of meetings, where Avenatti was recorded making very incriminating statements, which enabled authorities to move in on him with a criminal indictment. They arrested him within minutes of his announcement that he was going public with damaging news.

The New York U.S. Attorney’s office stated it was in reference to, “A prior criminal prosecution brought by our office.” Avenatti threatened “If the company did not meet his demands, the company might die, but if not it was going to be inflicted with cut, after cut, after cut.” Avenatti demanded Nike pay $1,500,000 to one of his clients and $25,000,000 to him, to prevent the attorney from going public with the damaging information. Avenatti demanded “$12,000,000 up front” which he “deemed earned when paid.”

When Nike refused to meet his extortionate demands, Avenatti countered they “could skip paying for an internal investigation if instead it simply paid him $22.5 million” then he would “ride off into the sunset.” Avenatti threatened that if they refused to pay, “I’ll go take $10 billion off your client’s market cap” by going public with the damaging information in a press conference that was scheduled for today.

Michael Avenatti

This case definitely comes across as extortion. How could his client, who knew of illegal payments to high school basketball players deserve $1,500,000, to keep silent. That’s extortion and blackmail. Avenatti’s client was not injured by Nike. Therefore, this was an outright extortion attempt.

Furthermore, how could the client’s attorney, Avenatti, deserve a $25,000,000 payment to keep silent. That is outright extortion. As an attorney, if you take on a client, you do so by receiving a retainer for payment or on contingency, where you get a percent of any money awarded via settlement or as a judgment in court.

I’ve stated for well over a year that Avenatti is a questionable lawyer. Not long after, he was placed under criminal investigation by Congress. The he was arrested for domestic violence. Now this. These problems are all of his own making. Avenatti has been living a very luxurious lifestyle he cannot afford and resorted to financially greedy, money seeking conduct to obtain money he is not entitled to, as he did not lawfully earn it. He has been so deep in debt, he settled a lawsuit for $1,500,000 but hid the money from his client for the past year, using it for his own debts.

Months ago I questioned why he needed such an expensive office rental for his law firm, when news surfaced of his eviction from the premises. It is clear he is trying to project a certain image of wealth that is not an accurate one.

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