Credit: Screen grab
Avenatti Arrested on Extortion Charges, Accused of Trying to Blackmail Nike for $20M

Avenatti Arrested on Extortion Charges, Accused of Trying to Blackmail Nike for $20M

“Now he’s the one facing charges.”

Michael Avenatti, nemesis to President Donald Trump and limelight-loving attorney to adult film actress Stormy Daniels, is being charged with wire and bank fraud for allegedly attempting to extort $20 million from Nike, CNBC reported Monday.

According to CBS News reporter Steven Portnoy, federal prosecutors allege Avenatti threatened to expose damaging information about the retail giant unless they agreed to pay him and his client millions.

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A complaint alleges that Avenatti threatened Nike attorneys in a phone call last week, telling them he would take  “ten billion dollars off your client’s market cap … I’m not f*cking around.”

An FBI spokesperson that spoke to NBC News New York confirmed that the lawyer had been arrested by FBI agents Monday afternoon.

In a tweet he shared shortly before his arrest, Avenatti announced a “press conference to disclose a major high school/college basketball scandal perpetrated by Nike.”

New York Magazine journalist Yashar Ali noted in a Monday tweet that for months “Avenatti has been predicting (with great confidence) that Donald Trump Jr. was going to be indicted.

“Now he’s the one who is facing charges,” Ali added.


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Cover image: Michael Avenatti. (Screen grab)



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