There’s More! Los Angeles Prosecutors Hit Michael Avenatti With Separate Federal Charges of Wire and Bank Fraud
There’s more!
Avenatti was arrested in New York on federal extortion charges, Nicolas Biase, with the United States Attorney’s Office, Southern District of New York told The Hollywood Reporter.
Michael Avenatti is accused of trying to extort $20+ million from Nike.
According to the complaint, Avenatti threatened to hold a press conference to announce misconduct by Nike unless the athletic apparel company hired Avenatti and his co-conspirator to conduct an internal investigation for over $20 million.
A criminal complaint against Avenatti says he “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.”
The complaint says that last Wednesday, 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.’ ”
He even tweeted about it like a genius:
https://www.thegatewaypundit.com/2019/03/theres-more-los-angeles-prosecutors-hit-michael-avenatti-with-separate-federal-charges-of-wire-and-bank-fraud/