Avenatti tripped up by Nike extortion claims, other charges
LOS ANGELES (AP) — Attorney Michael Avenatti’s arrest on federal charges is a sharp reversal of fortune for a man who was considering a run for president last year.
Avenatti’s arrest Monday came just over a year after he rose to prominence representing porn actress Stormy Daniels in her legal battles against President Donald Trump.
Avenatti was charged with allegedly trying to extort up to $25 million from Nike and bilking settlement funds from a client. He also faces a bank fraud charge.
Avenatti says he is confident he will be “fully exonerated.”
He was released on $300,000 bond after a brief court appearance in New York.
If convicted of the charges in California and New York, Avenatti could face up to nearly 100 years in prison.