Well, Michael Avenatti may not have put Donald Trump in prison, but his efforts could still land someone behind bars: himself.
NEW: SDNY is charging Michael Avenatti for "attempting to extract more than $20M in payments from a publicly traded company by threatening to use his ability to garner publicity to inflict substantial financial & reputational harm on the company if his demands were not met."
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JUST IN: Federal prosecutors announce charges against @MichaelAvenatti, alleging he tried to extort Nike, threatening to release damaging about the company, if Nike didn't agree to pay millions to him and a client.
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According to the complaint filed in federal court, Avenatti told Nike attorneys by phone last week if his demands were not met, "I'll go take ten billion dollars off your client's market cap ... I'm not f*cking around."
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Who’s not f*cking around now, Michael?
Amazing. Avenatti, speaking directly with Nike's lawyers, allegedly threatened to extort the company. The lawyers immediately called up the Justice Department and set up a recorded sting of Avenatti reiterating his allegedly criminal demands
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3. Federal Prosecutors say Avenatti's attempts to extort Nike were captured in recorded phone calls and video of an in-person meeting.https://www.documentcloud.org/documents/5780145-U-S-v-Michael-Avenatti-Complaint.html …
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4. Some of the details of the in-person meeting which was filmed. https://www.documentcloud.org/documents/5780145-U-S-v-Michael-Avenatti-Complaint.html …
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5. Wow during the in-person meeting (which was filmed) Avenatti repeated his threat and arranged a follow-up meeting with Nike lawyers.
That meeting was set to take place today.
Instead, Avenatti was arrested by the FBI and charged by SDNY. https://www.documentcloud.org/documents/5780145-U-S-v-Michael-Avenatti-Complaint.html …
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It’s officially lit, folks.
I just don't know who to trust these days. https://twitter.com/stevenportnoy/status/1110225699200290823 …
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Right? Michael Avenatti always struck us as such a stand-up guy.
Didn't he announce a press conference for tomorrow about Nike??
LOLOLOLOL
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Yes. Yes he did:
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.
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Forget about digging up dirt on Nike … Avenatti has apparently only buried himself.
His timing is really something.
*loud banging on Michael Avenatti's front door*
"Be right there, just gotta send this tweet real quick..."
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Ha!
Yesterday Democrats were glorifying and pinning their final hopes on SDNY and today the first thing SDNY does IS CHARGE STORMY DANIELS’ INFAMOUS LAWYER WITH EXTORTION
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And there’s more still:
There are more Avenatti charges coming:
Federal prosecutors in LA will also announce charges of wire fraud and bank fraud against Avenatti at 2p ET. These charges are separate from the charges in SDNY that were announced at roughly the same time.
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US attorney says arrest of @MichaelAvenatti on criminal bank fraud and wire fraud charges in Los Angeles is separate from the criminal case against him in New York related to @Nike
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6. WOW! Avenatti is also being charged by the feds in the central district of California for embezzling client money and for bank fraud. He falsified tax returns in order to obtain millions in loans from a Mississippi bank.
This is separate from SDNYhttps://www.justice.gov/usao-cdca/pr/lawyer-michael-avenatti-arrested-federal-bank-fraud-and-wire-fraud-charges …
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Guys.
THE HITS KEEP COMING
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Justice doesn’t get much more poetic than that.
This season finale is outstanding
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Well, this day could not be getting better.
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It’s not looking too good for Michael Avenatti right about now:
MSNBC: "Avenatti's legal problems went from bad to worse. LA is expected to charge Michael Avenatti there with other crimes including embezzlement .. In addition, the US Attorneys office for LA is expected to charge Michael Avenatti for defrauding a bank using phony tax returns"
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"Avenatti negotiated a settlement which called for $1.6 million in settlement money to be paid on January 10, 2018, but then gave the client a bogus settlement agreement with a false payment date of March 10, 2018."https://www.justice.gov/usao-cdca/pr/lawyer-michael-avenatti-arrested-federal-bank-fraud-and-wire-fraud-charges …
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"The affidavit states that Avenatti misappropriated his client’s settlement money and used it to pay expenses for his coffee business, Global Baristas US LLC"
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"In reality, Avenatti never filed personal income tax returns for 2011, 2012 and 2013 and did not make any estimated tax payments in 2012 and 2013. Instead of the millions of dollars he claimed to have paid in taxes, Avenatti still owed the IRS $850,438"
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Welp.
Quite possibly, yes:
#breaking For those who have asked, @MichaelAvenatti is facing up to 50 years in #prison on bank, wire fraud charges. Fifty years... #Nike #extortion #Avenatti
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