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Thread: Michael Avenatti accused of trying to extort Nike for up to $25M

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    Michael Avenatti accused of trying to extort Nike for up to $25M

    -Michael Avenatti, the former attorney for adult-film star Stormy Daniels, was accused Monday by federal prosecutors in New York of operating "an old-fashioned shakedown" by trying to extort between $15 and $25 million from sports apparel giant Nike, part of a string of bombshell claims against the celebrity lawyer.

    ...A suspected co-conspirator working alongside Avenatti was identified Monday afternoon by The Associated Press and The Wall Street Journal as Mark Geragos, who has represented celebrities including Michael Jackson and -- more recently -- "Empire" star Jussie Smollett. Geragos also was a CNN contributor.
    "As alleged, Michael Avenatti approached Nike last week with a list of financial demands in exchange for covering up allegations of misconduct on behalf of the company," FBI Assistant Director in Charge William Sweeney Jr. said in a statement. "The lofty price tag included a $1.5 million payoff for Avenatti's client and upwards of tens of millions of dollars for the legal services of his firm – services Nike never requested. This is nothing more than a straightforward case of extortion"

    The counts against Avenatti in the New York case are extortion, transmission of interstate communications with intent to extort, conspiracy to transmit interstate communications with intent to extort, and conspiracy to commit extortion..

    At a news conference Monday, Manhattan U.S. Attorney Geoffrey S. Berman said Avenatti used illegal tactics and threats in an effort to obtain millions of dollars for himself. He claimed that if Nike did not meet his demands, "the company might die."

    ...Meanwhile, at a separate news conference in California, federal investigators announced additional criminal charges against the lawyer for a separate matter. In that case, Avenatti was accused of embezzling a client's settlement money to pay his own expenses and debts — as well as those of his coffee business and law firm.

    U.S. Attorney Nick Hanna said Avenatti was charged with wire fraud and tax fraud stemming from a two-year IRS tax investigation after he allegedly obtained $4.1 million in loans for his law firm and coffee business from a Mississippi bank by using phony tax returns stating that he had made $4,562,881 in 2011, $5,423,099 in 2012, and $4,082,803 in 2013. Avenatti also stated that he had paid more than $1 million in estimated taxes to the IRS in 2012 and 2013 when, according to prosecutors, he actually owed the IRS $850,438 plus interest and penalties for the years 2009 and 2010. In addition, authorities say, Avenatti paid no personal income taxes for 2011, 2012 and 2013 and paid no estimated taxes in 2012 and 2013...

    https://www.foxnews.com/us/michael-a...o-25m-feds-say

  2. #2
    Administrator fuego's Avatar
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    I had a couple of comments on him in the Mueller thread:

    So the Stormy Daniels lawyer who also helped bring forth the accusations against Cavanaugh and many other slimy things has been charged with trying to extort and shake down NIKE for 20 million and has been arrested. So...

    Cavanaugh is on the Supreme Court, Avenetti is in jail, Stormy has to pay Trump $293k in legal fees after her defamation suit was dismissed, and there is no collusion.

    Oh, and by the way, the sleazy lawyer Michael Avenatti is a paid analyst for CNN. They had him on over 60 times in the last few months. One of his associates who was also a CNN legal analyst was indicted too. Carlson Tucker showed several clips of CNN talking heads praising him for what he was doing in regards to Trump and some of the Dems even wanted him to run for president.

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    Senior Member Nikos's Avatar
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    A good match for CNN

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    They are like the obnoxious red-haired boy that when put on the ground at the monkey bars, with fat lip says, “is that the best you got?!”.

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    Nikos (03-29-2019)

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    Senior Member Nikos's Avatar
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    Quote Originally Posted by FireBrand View Post
    They are like the obnoxious red-haired boy that when put on the ground at the monkey bars, with fat lip says, “is that the best you got?!”.

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    FireBrand (03-29-2019)

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