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Michael Avenatti to be charged with trying to extort Nike for up to $25M, SDNY says

Michael Avenatti, porn star Stormy Daniels' former lawyer who briefly considered a bid for president, is set to be charged Monday for allegedly trying to extort Nike for $15-$25 million, officials at the U.S. District Court for the Southern District of New York said.

This is a developing story. Check back for updates.

Yep, the Trump curse takes out another scum bag. All those involved in trying to unseat him will get theirs, just watch.

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.' "

Nike had no immediate comment.

In the Los Angeles case, Avenatti is accused of negotiating a $1.6 million settlement for a client in a civil case, but then giving the client "a bogus settlement agreement with a false payment date of March 10, 2018," according to the U.S. Attorney's Office in Los Angeles.

That office said "Avenatti misappropriated his client's settlement money and used it to pay expenses for his coffee business, Global Baristas US LLC, which operated Tully's Coffee stores in California and Washington state, as well as for his own expenses.:

"When the fake March 2018 deadline passed and the client asked where the money was, Avenatti continued to conceal that the payment had already been received, court documents said," according to prosecutors.

"Avenatti also allegedly defrauded a bank in Mississippi by submitting to the lender false tax returns in order to obtain three loans totaling $4.1 million for his law firm and coffee business in 2014," the L.A. U.S. Attorney's Office said.

"According to the affidavit, Avenatti obtained the loans by submitting fabricated individual income tax returns (Forms 1040) for 2011, 2012, and 2013, reporting substantial income even though he had never filed any such returns with the Internal Revenue Service," the prosecutor's office said. "The phony returns stated that he earned $4,562,881 in adjusted gross income in 2011, $5,423,099 in 2012, and $4,082,803 in 2013, according to the affidavit. Avenatti allegedly also claimed he paid $1.6 million in estimated tax payments to the IRS in 2012 and paid $1.25 million in 2013."

"In reality, Avenatti never filed personal income tax returns for 2011, 2012 and 2013 and did not make any estimated tax payments in 2012 and 2013. Instead of the millions of dollars he claimed to have paid in taxes, Avenatti still owed the IRS $850,438 in unpaid personal income tax plus interest and penalties for the tax years 2009 and 2010," the U.S. Attorney's Office said. "Avenatti also submitted a fictitious partnership tax return for his law firm."

The Trump curse....!! :o

What? Is sillydummy saying Donald is on his period? :shock: :o

Well then Clown..you are going to love this one....

"... Mark Geragos, attorney for Jussie Smollett and Colin Kaepernick, charged as Avenatti co-conspirator.." :lol: :lol: :lol:

sillydaddy wrote:Well then Clown..you are going to love this one....

"... Mark Geragos, attorney for Jussie Smollett and Colin Kaepernick, charged as Avenatti co-conspirator.." :lol: :lol: :lol:

The Wall Street Journal reported on Monday that the alleged co-conspirator in the alleged Michael Avenatti fraud scheme is CNN legal analyst Mark Geragos, who is also Jussie Smollett's lawyer.

Yep, that guy has been on CNN a zillion times...

CNN has been talking all day about how their legal analyst Mark Geragos was arrested. NOT

They would make nice editions to the Trump team!

:lol: :mrgreen: :lol: :mrgreen: :lol:

How do you know it wasn't Trump who gave the order to take Avenatti down? :lol: :lol: :lol: :lol:

How do you know it wasn't Trump who gave the order to take Avenatti down?

Excellent point, Trump is now free of the chains.

Following the submission of Special Counsel Robert Mueller’s report on Russian meddling in the 2016 presidential election and the subsequent summary showing that President Trump and his campaign did not collude with Russia, former White House adviser Steve Bannon said the president will “go full animal” against his political enemies.

In an interview with Yahoo! News over the weekend, Bannon predicted that the president will "come off the chains" and will use the Mueller report findings against opponents especially if they demand additional documents.


"He will use it to bludgeon them," Bannon said.