Michael Avenatti arrested

➡️ Avenattii is being charged with wire and bank fraud, federal authorities said!

➡️ Avenatti and a cooperating witness spoke by phone with lawyers for Nike “during which Avenatti stated, with respect to his demands for payment of milions of dollars, that if those demands were not met ‘I’ll go take ten billion dollars off your client’s market cap … I’m not f—ing around.

➡️ FBI agent said the lawyer had threatened to hold a press conference on the eve of Nike’s quarterly earnings call to announced “allegations of misconduct by employees of Nike.”

➡️ There will be a press conference today at 2:30 p.m. to announce charges against attorney Michael Avenatti for attempting to extract more than $20 million in payments from a publicly traded company by threatening to use his ability to garner publicity to inflict substantial financial and reputational harm on the company if his demands were not met.

Read the complaint

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