Michael Avenatti expected to be indicted on 36 criminal counts by federal grand jury in Los Angeles
Celebrity lawyer Michael Avenatti is expected be slammed Thursday with a 36-count indictment by a federal grand jury in Los Angeles.
Prosecutors in L.A. accused him in their prior complaint of defrauding a legal client by looting a $1.6 million civil settlement for that man to pay for Avenatti's personal and business expenses. On Wednesday, federal authorities reportedly seized a private jet co-owned by Avenatti, valued at about $4.5 million, in connection with the investigation in Los Angeles.
"Along the way, I have made many powerful enemies. I am entitled to a FULL presumption of innocence and am confident that justice will be done once ALL of the facts are known," Avenatti added. Avenatti told CNBC's"Closing Bell" on Monday that Nike"pulled a stunt" by having him arrested in New York before he could go public with his claims that the company was bribing high school hoop players to coax them into attending Nike-sponsored colleges."They knew they could not control me ... They effectively had to shoot the messenger."
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