Lawyer Michael Avenatti arrested, faces wire fraud and bank fraud charges

[WeekiWater]

Attorney Michael Avenatti has been arrested by federal law enforcement officials on fraud charges in Los Angeles and New York.

The U.S. attorney’s office said in a press release that details about the arrest would come at an 11 a.m. news conference in Los Angeles.

New York prosecutors accuse the attorney of “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.”

In court papers, United States Attorney for the Southern District of New York claims Avenatti threatened to release damaging information about Nike to the public unless he received multi-million dollar payments.

MSN

[Gothmog]

1. From the Hoarse Whisperer

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