Teresa Crawford/Associated Press
Michael Avenatti, Rainy Daniels’ former legal representative, has been charged with extortion by federal district attorneys after presumably demanding millions from Nike, according to Devlin Barrett of the Washington Post.
Per that report:
“Authorities charge Avenatti threatened to hold a press conference on the eve of the NCAA basketball tournament to expose damaging accusations versus the company unless it paid his customer $1.5 million and concurred to hire Avenatti and another lawyer for $15 to $25 million to conduct an ‘internal examination’ into the accusations.“
Avenatti tweeted Monday he had exposed “a significant high school/college basketball scandal” including Nike:
Michael Avenatti @MichaelAvenatti
Tmrw at 11 am ET, we will be holding a press conference to disclose a significant high school/college basketball scandal perpetrated by @Nike that we have uncovered. This criminal conduct reaches the greatest levels of Nike and includes some of the biggest names in college basketball.
According to the prosecutor’s charging file, Avenatti likewise proposed “a overall payment of $22.5 million from Nike to willpower any declares [the customer] might have and furthermore to buy Avenatti’s silence” if the company did not hire him.
The U.S. Lawyer’s Workplace in Los Angeles filed different charges against Avenatti “accusing him of embezzling a customer’s loan to cover his own financial obligations, as well as utilizing phony tax returns to acquire millions of dollars in loans from a bank,” per Reuters.
According to that report, Avenatti presumably informed Nike lawyers that if his demands weren’t met, “I’ll go take 10 billion dollars off your customer’s market cap. … I’m not f– king around.”
Avenatti is a high-profile lawyer who most notoriously represented Daniels in her legal showdown with President Donald Trump.