Wednesday, May 22, 2019

Michael Avenatti - Clay Seifert

A federal grand jury in Manhattan indicted celebrity attorney Michael Avenatti, charging him with fraud and aggravated identity theft. One is from former client Stormy Daniels, and the other is due to attempting to extort more than $20 million from Nike. Avenatti was charged with with stealing about $300,000 from Stormy from the advance for her book contract, and using that money to pay employees of his law firm and an coffee business he owned. Apparently he has paid back less than half of the money he owe(s/d) her. And the Nike thing has to do with Avenatti extorting employees due to alleged misconduct  on the eve of both the company's quarterly earnings call and the start of the NCAA tournament. Prosecutors in Los Angeles charged him with wire and bank fraud, and he has since been indicted on 36 DIFFERENT counts in that case.

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