Michael Avenatti Arrested and Charged With Extorting $20 Million From Nike

AvenattiStormy Daniels, former lawyer Michael Avenatti, has been arrested on March 25, 2019, and charged with allegedly extorting $20 million from Nike.

The charges against Avenatti were announced shortly after the lawyer announced on his Twitter that he was scheduling a press conference to address the claims made by Nike.

Avenatti tweeted at 12:16 pm ET that he planned on holding a press conference at 11:00 am ET on March 26 to reveal a significant college basketball/high school scandal that he learned Nike had perpetrated. He added that the criminal acts reached very high levels within the Nike company and involved some of the biggest names related to college basketball.

The complaint against Avenatti stated the lawyer tried to extort a company by threatening to destroy the reputation of the company if they did not agree to pay Avenatti and [co-conspirator] several million dollar payments. The company also had to pay $1.5 million to one of Avenatti’s clients.

The complaint says that on March 20, a witness who was cooperating and Avenatti spoke with Nike’s lawyers over the telephone. It is alleged that during that time, Avenatti stated if the demand for payment of millions of dollars were not given to him, he would “take billions of dollars of Nike’s cap…I am not f—ing around.'”

Written by Barbara Sobel

Sources:

CNN: Michael Avenatti charged with extortion
CNBC: Michael Avenatti arrested for alleged $20 million extortion attempt against Nike
Washington Examiner: Michael charged with extortion

Featured and Top Image Courtesy of Luke Harold’s Flickr – Creative Common License

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