Make a Contribution to Remove NSFW Ads

BREAKING: Michael Avenatti arrested for alleged $20 million extortion attempt against Nike [Update 2.5 year sentence]

Maxxam

Maxxam

Rising Star
Platinum Member
https://www.cnbc.com/2019/03/25/michael-avenatti-to-be-charged-with-wire-and-bank-fraud.html



Celebrity lawyer Michael Avenatti has been arrested on charges related to an alleged $20 million extortion of the athletic apparel company Nike, federal authorities said Monday.

A press conference is scheduled to discuss the charges against Avenatti in Los Angeles on Monday afternoon. Avenatti is scheduled to be presented in Manhattan federal court on Monday.


Avenatti had represented porn star Stormy Daniels in her lawsuit against President Donald Trump and his former lawyer Michael Cohen.

The charges were revealed less than an hour after Avenatti announced a press conference to discuss purported claims against Nike. An FBI agent said in the complaint that the lawyer had threatened to hold a press conference on the eve of Nike's quarterly earnings call.




A criminal complaint against Avenatti says he "devised a scheme to extort a company by means of an interstate communication by threatening to damage the company's reputation if the company did not agree to make multi-million dollar payments to Avenatti and [co-conspirator], and further agree to pay an additional $1.5 million to a client of Avenatti's."

The complaint says that last Wednesday, 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.'"

This is a breaking news story. Check back for updates.


 
Last edited:
Pimpslap Slim

Pimpslap Slim

The Villain
BGOL Investor
giphy.gif
 
fonzerrillii

fonzerrillii

BGOL Elite Poster
Platinum Member
Maxxam said:
https://www.cnbc.com/2019/03/25/michael-avenatti-to-be-charged-with-wire-and-bank-fraud.html



Celebrity lawyer Michael Avenatti has been arrested on charges related to an alleged $20 million extortion of the athletic apparel company Nike, federal authorities said Monday.

A press conference is scheduled to discuss the charges against Avenatti in Los Angeles on Monday afternoon. Avenatti is scheduled to be presented in Manhattan federal court on Monday.


Avenatti had represented porn star Stormy Daniels in her lawsuit against President Donald Trump and his former lawyer Michael Cohen.

The charges were revealed less than an hour after Avenatti announced a press conference to discuss purported claims against Nike. An FBI agent said in the complaint that the lawyer had threatened to hold a press conference on the eve of Nike's quarterly earnings call.




A criminal complaint against Avenatti says he "devised a scheme to extort a company by means of an interstate communication by threatening to damage the company's reputation if the company did not agree to make multi-million dollar payments to Avenatti and [co-conspirator], and further agree to pay an additional $1.5 million to a client of Avenatti's."

The complaint says that last Wednesday, 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.'"

This is a breaking news story. Check back for updates.
Click to expand...



Hold up...

I need to look more into this...

Cause I'm trying to figure out how this is any different from a Typical demand letter.

I'll be back after reading..
 
gene cisco

gene cisco

Not A BGOL Eunuch
BGOL Investor
APOPHIS said:
His fall continues... SMH
A once promising figure against the Trump machine has lived long enough to see himself become the villain all due to ego and greed.
Click to expand...
I'm surprised he ain't catch a fucking case for that slick shit he tried to pull during the Brett/Ford madness with coaching those chicks. He kept playing with fire and already came into the spotlight hot as a firecracker. :smh:

This why dems tried to distance themselves from him. Trump having better luck right now than a powerball winner. :smh:
 
fonzerrillii

fonzerrillii

BGOL Elite Poster
Platinum Member
Just read the complaint..
Ok I see what fucked him "Avenatii wanted Nike to "retain" him and his co-conspirator to conduct an "internal investigation" for which Nike did not request... for which Avenatii and his Co-Defendant ... would have been paid a minimum of between 15 to 25 million."


What the hell was he thinking... You do this shit to "NIKE"

NIKE nigga..

Not the owner of Q-Mart...

Fucking NIKE..

What the hell did you think they were going to do..




Also...

Also this shit was alleged to have happened On March 20, 2019...

It's Only March 25, 2019..

Gawd DAMN!!!

Out for BLOOD!!
 
Last edited:
APOPHIS

APOPHIS

Autodidact / Polymath
Platinum Member
gene cisco said:
I'm surprised he ain't catch a fucking case for that slick shit he tried to pull during the Brett/Ford madness with coaching those chicks. He kept playing with fire and already came into the spotlight hot as a firecracker. :smh:

This why dems tried to distance themselves from him. Trump having better luck right now than a powerball winner. :smh:
Click to expand...
Yep.
Pride and greed is such a dangerous mix.
His public disgrace is furthering his ostracized status to the point where he becomes an untouchable to all.
Dumbass.
 
ViCiouS

ViCiouS

Rising Star
BGOL Patreon Investor
jagu said:
I was trying to avoid this thread and I knew you'd call me out. I give up on him now. I doubt if he was even ever a good lawyer.
Click to expand...
cocaine makes even great people get sloppy

In his case - I'm betting on massive ego +fame = taking on Nike recklessly
 

Make a Contribution to Remove NSFW Ads
You must log in or register to reply here.
Top