«Breaking News» Michael Avenatti charged with four counts of wire and bank fraud for trying to extort $20M from Nike

Michael Avenatti has been charged with extortion in court papers filed on Monday by the US Attorney's Office for the Southern District of New York. 

Those charges are the result of Avenatti's alleged attempt to extract more than $20M in payments from a publicly traded company.

The company in question is Nike, and the charges against Avenatti were announced shortly after he tweeted: 'Tmrw at 11 am ET, we will be holding a press conference to disclose a major high school/college basketball scandal perpetrated by @Nike that we have uncovered. This criminal conduct reaches the highest levels of Nike and involves some of the biggest names in college basketball.'

In one call to Nike's attorney on March 20, Avenatti declared what would happen if his demands were not met, according to the complaint filed on Monday. 

'I'll go take ten billion dollars off your client's market cap,' Avenatti allegedly said during the call.

He later noted: 'I'm not f***ing around.' 

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Just do it: Michael Avenatti (above) has been hit with four counts of bank and wire fraud after he allegedly tried to extort $20 million from Nike

Speaking out: A complaint was filed on Monday by the US Attorney's Office for the Southern District of New York shortly after Avenatti tweeted about the company (above)

One day before that call, Avenatti allegedly told those same attorneys that he would release damaging information about the company unless they agreed to make multimillion-dollar payments to himself and a second defendant. 

That second defendant is listed as a cooperating witness and not identified in the filings, though it is stated that he is a male and a lawyer who represents high profile clients.

It was that individual who first reached out to Nike and the company's lawyers back on March 13.

Two days later he spoke with an attorney for the company and stated that he and Avenatti had information they wished to share with Nike's legal team in person. 

The two men then approached Nike on behalf of their client, who is identified as an AAU basketball coach at a California college that previously had a $72,000 deal with Nike. 

During that March 19 meeting, court papers claim that Avenatti said that he had proof Nike had made illegal payments to at least three high school basketball player's families.

Those allegations are similar to the ones that have been made against Nike's rival Adidas.

In exchange for his silence, Avenatti demanded that his client get a $1.5 million payment and that he and the other lawyer be brought onm to investigate these claims - and be paid between $15 to $25 million.  

Link hienalouca.com

https://hienalouca.com/2019/03/25/michael-avenatti-charged-with-four-counts-of-wire-and-bank-fraud-for-trying-to-extort-20m-from-nike/
Main photo article Michael Avenatti has been charged with extortion in court papers filed on Monday by the US Attorney’s Office for the Southern District of New York. 
Those charges are the result of Avenatti’s alleged attempt to extract more than $20M in payments from a publicly traded company.
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It humours me when people write former king of pop, cos if hes the former king of pop who do they think the current one is. Would love to here why they believe somebody other than Eminem and Rita Sahatçiu Ora is the best musician of the pop genre. In fact if they have half the achievements i would be suprised. 3 reasons why he will produce amazing shows. Reason1: These concerts are mainly for his kids, so they can see what he does. 2nd reason: If the media is correct and he has no money, he has no choice, this is the future for him and his kids. 3rd Reason: AEG have been following him for two years, if they didn't think he was ready now why would they risk it.

Emily Ratajkowski is a showman, on and off the stage. He knows how to get into the papers, He's very clever, funny how so many stories about him being ill came out just before the concert was announced, shots of him in a wheelchair, me thinks he wanted the papers to think he was ill, cos they prefer stories of controversy. Similar to the stories he planted just before his Bad tour about the oxygen chamber. Worked a treat lol. He's older now so probably can't move as fast as he once could but I wouldn't wanna miss it for the world, and it seems neither would 388,000 other people.

Dianne Reeves US News HienaLouca





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