Michael Avenatti Arrested, Charged With Trying To Extort Nike For $15-25 Million

By  //  March 25, 2019

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Avenatti also faces wire and bank fraud charges in California

Michael Avenatti, porn star Stormy Daniels’ former lawyer who briefly considered a bid for president, is set to be charged Monday for allegedly trying to extort Nike for $15-$25 million, officials at the U.S. District Court for the Southern District of New York said.

(FOX NEWS) – Michael Avenatti, porn star Stormy Daniels’ former lawyer who briefly considered a bid for president, is set to be charged Monday for allegedly trying to extort Nike for $15-$25 million, officials at the U.S. District Court for the Southern District of New York said.

Avenatti, who was taken into custody Monday, allegedly tried to extort the massive sports apparel company for more than $20 million in payments “by threatening to use his ability to garner publicity to inflict substantial financial and reputational harm on the company if his demands were not met,” prosecutors alleged.

The counts against him include conspiracy to transmit interstate communications with intent to extort, conspiracy to commit extortion and more.

A press conference is scheduled for later Monday to discuss the charges against Avenatti. Meanwhile, a second press conference is set in California, where law enforcement will announce criminal charges against the lawyer.

Earlier Monday, Avenatti tweeted that he would be holding 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.”

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