Read time: 1 minute

Michael Avenatti Arrested And Charged By SDNY For Alleged Nike Extortion Scheme (UPDATED)

Avenatti took his tough guy act a little too far, threatening Nike with big losses if they didn't pay him for information.
Views:

"My head is exploding," Ali Velshi moaned after the news broke that Stormy Daniels' former lawyer has been arrested for an extortion scheme against Nike. The SDNY arrested Avenatti less than an hour after he tweeted that he had information about a scandal involving Nike.

According to the complaint, Avenatti called Nike on March 19, 2019 and "threatened to release damaging information regarding Nike if Nike did not agree to make multi-million dollar payments to Avenatti" and another unnamed person.

On March 20, 2019, Avenatti and the unnamed person talked to the attorneys for Nike where he once again demanded payment and said if those demands were not met "I will take ten billion dollars off your client's market cap...I am not fucking around."

At 9:16 AM today, Avenatti tweeted this:

Less than an hour later, the SDNY news Twitter account tweeted this:

Meanwhile, the Los Angeles US Attorney's office has also brought charges against Avenatti on an unrelated case:

And to think he was considering running for President just a few months ago. Looks like he'll be tied up for awhile.

UPDATE: He's lost Stormy

UPDATE 2: WOW, there's reporting that Mark Geragos is Avenatti's co-conspirator. Geragos is a high, high profile celebrity attorney who defended Michael Jackson and others. Huge if true.

Can you help us out?

For 16 years we have been exposing Washington lies and untangling media deceit. We work 7 days a week, 16 hours a day for our labor of love, but with rising hosting and associated costs, we need your help! Could you donate $20 for 2020? Please consider a one time or recurring donation of whatever amount you can spare, or consider subscribing for an ad-free experience. It will be greatly appreciated and help us continue our mission of exposing the real FAKE NEWS!

More C&L Coverage

Discussion

New Commenting System

Our comments are now powered by Insticator. In order to comment you will need to create an Insticator account. The process is quick and simple. Please note that the ability to comment with a C&L site account is no longer available.

We welcome relevant, respectful comments. Any comments that are sexist or in any other way deemed hateful by our staff will be deleted and constitute grounds for a ban from posting on the site. Please refer to our Terms of Service (revised 3/17/2016) for information on our posting policy.

Please Do Not Use the Login Link at the Top of the Site.

In order to comment you must use an Insticator account. To register an account, enter your comment and click the post button. A dialog will then appear allowing you create your account.

We will be retiring our Crooks and Liars user account system in January, 2021.

Thank you.
C&L Team