Michael Avenatti Arrested on Bank Fraud and Extortion Charges

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UPDATE: Attorney Michael Avenatti was arrested Monday and is facing federal charges on both coasts of bank fraud, misappropriating client funds, and trying to extort a publicly traded company, according to federal prosecutors

Attorney Michael Avenatti was arrested Monday and is facing federal charges on both coasts of bank fraud, misappropriating client funds, and trying to extort Nike, according to federal prosecutors.

Avenatti tweeted Monday morning that he would hold a press conference on Tuesday “to disclose a major high school/college basketball scandal perpetrated by @Nike that we have uncovered. This criminal conduct reaches the highest levels of Nike and involves some of the biggest names in college basketball.”Prosecutors in Los Angeles announced that Avenatti is also facing federal charges of bank fraud and wire fraud. Avenatti is accused of misappropriating a $1.

Avenatti allegedly threatened to disclose this information unless Nike paid the coach $1.5 million and hired Avenatti’s firm to conduct an internal investigation. He allegedly threatened to time the disclosure to coincide with the NCAA basketball tournament and Nike’s quarterly earnings call in order to inflict maximum damage.

 

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Bank fraud, wire fraud, sexual assault fraud. I'm sure his client didnt even meet Kavanaugh

What a Great last 4 days President Trump POTUS and Americans are having.

Shortly he'll be playing chess with Manafor!

This has been a bad week for Democrats so far ....

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