Michael Avenatti Charged With $20M Nike Extortion Scheme

Law360, New York (March 25, 2019, 1:34 PM EDT) -- Michael Avenatti appeared in a Manhattan federal court Monday afternoon, hours after being arrested and charged by federal prosecutors over an alleged plot to extort more than $20 million from Nike in exchange for keeping quiet about allegations of misconduct by certain employees of the sportswear company.

Michael Avenatti, shown in February, has been accused by federal prosecutors of threatening to extort Nike and embezzling client funds. (AP)

In a criminal complaint, federal prosecutors say Avenatti, 48, the former attorney for adult film actress Stormy Daniels in her suit against President Donald Trump over a hush-money agreement, threatened to extort Nike Inc....

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