Michael Avenatti, who rose to national fame as the brash, camera-ready lawyer for adult-film actress Stormy Daniels, was found guilty Friday on charges that he tried to extort more than $20 million from Nike, Inc.by threatening to expose damaging information about the company. "This criminal conduct reaches the highest levels of Nike and involves some of the biggest names in college basketball". Also around that time, Daniels said in a statement that she cut ties with Avenatti more than a month prior, "after discovering that he had dealt with me extremely dishonestly".
The 48-year-old lawyer was charged last year after the sports company accused him of trying to extort it for $25million.
Avenatti showed no reaction as the verdict was read.
Franklin testified that two Nike executives forced him to pay money to the mother of an elite high school basketball player's mother and to pass along payments to the handlers of other players while doctoring paperwork to hide the objective of the funds.
Avenatti's sentencing was scheduled for June 17.
In addition to the extortion trial, Avenatti also faces an April trial in NY on charges that he defrauded Daniels of book proceeds and a May trial in Los Angeles on charges that he defrauded clients and others of millions of dollars. "But the thing is, this was the better case for Avenatti to beat". Avenatti alleged that Justice Kavanaugh engaged in "gang rape".
Avenatti's legal problems may only grow. The federal prosecutors were aided by Nike's lawyers, who recorded their conversations with Mr. Avenatti. He is also accused of defrauding former clients, including Ms.
Federal prosecutors in Manhattan began investigating Nike over the potentially illicit payments in 2017, when Adidas AG was hit with a related scandal.
In exchange for not going public, Avenatti told the lawyers in one meeting Nike would have to pay Franklin US$1.5 million for any claims he had and immediately pay Avenatti and another attorney $12 million, and guarantee $15 to $25 million in payments for an internal investigation, prosecutors said. Avenatti may attack Gardephe's rulings on his appeal.