REUTERS: Attorney Michael Avenatti, who represented adult film star Stormy Daniels in her legal battles with US President Donald Trump, is set to appear in the US District Court in Los Angeles on Monday to face embezzlement and fraud charges.
Avenatti also faces separate charges in New York in what prosecutors called a bid to"shake down" Nike Inc for more than US$20 million.Avenatti, 48, was arrested on Mar 25 after two separate indictments by federal courts in Los Angeles and New York that charged him with the Nike scheme as well as embezzlement and fraud over accusations he misused a client's money.In the Los Angeles case, prosecutors have accused Avenatti of misusing a client's US$1.
He is also accused of defrauding a Mississippi bank of US$4.1 million in loans by submitting false tax returns inflating his income for 2011 to 2013.In New York, prosecutors said Avenatti and a co-conspirator, whom they did not name, met Nike's attorneys on Mar 19 and told them they represented a former college basketball coach with information about Nike's involvement in a scheme to bribe high school basketball players.
They threatened to go public unless Nike hired Avenatti to conduct an internal investigation for US$15 million to US$25 million, and paid an additional US$1.5 million to the client, according to prosecutors.Avenatti faces up to 30 years in prison on the most serious charge in California and up to 20 years for the top charge in New York.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Law Law Latest News, Law Law Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Trump critic Michael Avenatti arrested in Nike extortion scam: ProsecutorsNEW YORK (REUTERS) - Lawyer Michael Avenatti, who represented adult film star Stormy Daniels in her legal battles against US President Donald Trump, was arrested on Monday (March 25) and charged with trying to extort more than US$20 million (S$27 million) from Nike Inc, federal prosecutors said.. Read more at straitstimes.com.
Source: The Straits Times - 🏆 8. / 63 Read more »
Trump foe Avenatti charged with trying to extort US$20 million from NikeNEW YORK: Attorney Michael Avenatti, who represented adult film star Stormy Daniels in her legal battles with US President Donald Trump, was ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Trump administration ratchets up attack on Obamacare, asks court to overturn lawU.S. President Donald Trump's administration has stepped up its attack on the Obamacare health care law, telling a federal appeals court it agrees ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Trump administration pushes the fight on Obamacare, asks court to overturn lawU.S. President Donald Trump's administration has stepped up its attack on the Obamacare health care law, telling a federal appeals court it agrees ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Trump administration steps up Obamacare attack, asks court to overturn lawU.S. President Donald Trump's administration has stepped up its attack on the Obamacare health care law, telling a federal appeals court it agrees ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Trump administration steps up Obamacare attack, asks court to overturn lawWASHINGTON: President Donald Trump's administration has stepped up its attack on the Obamacare healthcare law, telling a federal appeals court it ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Mueller finds no Trump-Russia conspiracy but some questions left unresolvedWASHINGTON — US Special Counsel Robert Mueller found no evidence of collusion between US President Donald Trump's campaign and Russia in the 2016 election, but left unresolved the issue of whether Mr Trump obstructed justice by undermining the investigations that have dogged his presidency.
Source: TODAYonline - 🏆 1. / 99 Read more »