Michael Avenatti found guilty of trying to extort millions from Nike

Michael Avenatti

Michael Avenatti found guilty of trying to extort millions from Nike

On Friday, a jury in NY convicted the lawyer, who is best know for once representing Stormy Daniels, on all three counts; attempted extortion, honest services wire fraud and transmission of interstate communications with intent to extort.

The celebrity lawyer, who rose to fame representing adult film star Stormy Daniels in a suit against President Donald Trump, faced three counts related to what prosecutors said was on extortion attempt: intent to extort; violation of the Hobbs Act, which criminalizes extortion; and honest service wire fraud.

In addition to the extortion trial, Avenatti also faces an April trial in NY on charges that he defrauded Daniels of book proceeds and a May trial in Los Angeles on charges that he defrauded clients and others of millions of dollars.

This is a developing story.

Avenatti owed money to everyone from former clients and law partners to two ex-wives for child support and alimony, prosecutors said during the trial.

He remains held without bail.

The California lawyer was charged in March after he met with Nike attorneys to discuss claims by his client, a youth basketball coach, that the company bribed top players to attend colleges with Nike-sponsored teams.

Avenatti claimed the case was political payback for his clash with Trump, though a judge restricted him from advancing that theory with jurors.

Mr. Trump has denied the claims, and he and Avenatti have frequently attacked each other on Twitter.

Attorney Michael Avenatti leaving court on October 8, 2019.

Franklin testified he was shocked to find out Avenatti was planning a press conference.

Avenatti, 48, who did not testify in his defense, pleaded not guilty to charges alleging that he tried to extort up to $25 million from Nike by threatening to expose corruption at the company unless he was allowed to conduct an investigation. "He was going to seek justice the way Avenatti knows how to do it", attorney Scott Srebnick said in his summation.

Avenatti also stands accused of stealing $300,000 from former client Stormy Daniels, earned from her memoir "Full Disclosure", and also forging her signature.

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