“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.”
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. This criminal conduct reaches the highest levels of Nike and involves some of the biggest names in college basketball.
— Michael Avenatti (@MichaelAvenatti) March 25, 2019
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.
For months Avenatti has been predicting (with great confidence) that @DonaldJTrumpJr was going to be indicted.
Now he's the one who is facing charges. https://t.co/UsQgGfzbbg
— Yashar Ali ? (@yashar) March 25, 2019
“Now he’s the one who is facing charges,” Ali added.
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- Michael Avenatti.: Screen grab