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Michael Avenatti arrested in Nike extortion scam

Video Credit: Reuters Studio - Duration: 01:39s - Published < > Embed
Michael Avenatti arrested in Nike extortion scam

Michael Avenatti arrested in Nike extortion scam

Attorney Michael Avenatti was charged with extorting more than $20 million from Nike, federal prosecutors said.

Chris Dignam has more.

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Michael Avenatti arrested in Nike extortion scam

Michael Avenatti - the attorney who represented adult film star Stormy Daniels in her legal battles against President Donald Trump - was arrested on Monday, and charged with attempting to extort more than $20 million from Nike.

Federal prosecutors in New York said Avenatti threatened to expose allegations of misconduct from Nike employees unless the apparel company paid him and an unnamed co-conspirator $22.5 million dollars to “buy Avenatti’s silence.” Earlier Monday, Avenatti tweeted: "Tmrw at 11 am ET, we will be holding a press conference to disclose a major high school/college basketball scandal perpetrated by @Nike that we have uncovered." The U.S. Attorneys office Los Angeles also filed charges against Avenatti in a separate case, accusing him of embezzling a client’s money to cover his own debts, as well as using phony tax returns to obtain millions of dollars in loans from a bank.

The vocal Trump antagonist, who at one point last year considered a run for president in 2020, had been a central figure in the hush-money scandal involving Trump's former personal attorney, Michael Cohen, who is scheduled to report to prison in May.




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