Michael Avenatti, Attorney Facing Fraud and Extortion Charges

Michael Avenatti Nike Extortion

Attorney Michael Avenatti,  was arrested and charged with trying to extort millions of dollars from Nike through threats of negative publicity right before the company’s earnings call.

Federal prosecutors on Wednesday unveiled a new fraud charge against lawyer Michael Avenatti, accusing him of lying to a client as part of his alleged effort to extort Nike.

The prosecutors also dropped two counts of conspiracy against Michael Avenatti from the case, which was first made public in March, according to a superseding indictment filed in federal court in Manhattan.

Avenatti, who is best known as the former lawyer for Stormy Daniels, was charged in federal court in Manhattan on Wednesday with extortion and wire fraud, though prosecutors dropped two conspiracy counts that were in the original indictment.

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Prosecutors had previously charged Avenatti with extortion, accusing him of threatening to publicize a claim by one of his clients, a basketball club coach, that Nike arranged for payments to elite college basketball recruits.

Michael Avenatti is an attorney. His firm has represented various celebrity defendants and has filed suits against Fortune 100 companies. He has appeared on broadcast television as well as in print as a legal commentator and as a representative for prominent clients. He is also a race car driver, having participated in races in the United States and Europe.

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