Michael Avenatti Charged With Trying To Extort Nike

Clay Curtis
March 25, 2019

"I'll go take ten billion dollars off your client's market cap", Avenatti told attorneys for Nike on March 19, according to the complaint.

Then we learned Avenatti will face federal extortion charges.

More recently, Avenatti has involved himself in cases representing migrant parents who were separated from their children when illegally crossing the USA border, and women who said they were sexually abused by R&B star R. Kelly.

In a separate case in Los Angeles Mr Avenatti, 48, has been charged with embezzling money from a client and defrauding a bank through fake tax returns.

Monday's arrest came after Avenatti reportedly tried to extort Nike for $20 million, according to CBS News.

Authorities charge Avenatti threatened to hold a press conference on the eve of the NCAA basketball tournament to reveal damaging allegations against the firm unless it paid his client $1.5 million and agreed to hire Avenatti and another lawyer for $15 to $25 million to conduct an "internal investigation" into the allegations.

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In New York, he was accused of threatening to use his ability to get publicity to harm Nike.

Daniels released a statement on Twitter regarding Avenatti, saying she was "saddened but not shocked" at the news.

Avenatti and a co-conspirator demanded to be paid a minimum of $15 to $25 million U.S. and an additional $1.5 million U.S. for an Avenatti client to remain silent, the complaint said. Daniels said that she had terminated their professional working relationship after "discovering that he had dealt with me extremely dishonestly". Most recently, Avenatti has been representing the alleged victims of singer R. Kelly.

"This Avenatti news is icing on the cake for President Trump's week", tweeted CNN White House correspondent Abby Phillips. "#Winning." That proved to not be the case.

Avenatti ended months of speculation in December 2018 when he announced that he would not seek the Democratic nomination to be president of the United States. It said the co-conspirator, like Avenatti, represents celebrities and public figures.

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