Posted on 03/25/2019 11:42:12 AM PDT by COUNTrecount
LOS ANGELES (CBSLA) – Attorney Michael Avenatti has been arrested on federal wire and bank fraud charges, authorities announced Monday.
The charges were announced by the U.S. Attorney’s Office Central District of California.
Avenatti, 48, of Century City, was arrested Monday on a two-count felony complaint alleged wire fraud and bank fraud, according to U.S. Attorney Nicola Hanna.
Avenatti also was arrested in a separate federal case filed in New York, he was accused of threatening to use his ability to get publicity to harm Nike. Prosecutors say he demanded that the apparel company give him $10 million.
If convicted on both charges, Avenatti would face up to 50 years in federal prison.
At a news conference Monday morning, federal prosecutors said Avenatti’s alleged financial crimes funded a “lavish lifestyle” that included more than $200,000 in monthly expenditures and owning a $5 million home in Laguna Beach.
According to prosecutors, Avenatti negotiated a settlement which called for $1.6 million in settlement money to be paid on January 10, 2018, but then gave the client a bogus settlement agreement with a false payment date of March 10, 2018.
The criminal complaint alleges 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.
(Excerpt) Read more at losangeles.cbslocal.com ...
Imma go out on a limb and predict this guy isn’t going to be president.
Was he part of the Southern Poverty Law Center?
Sure seems so!
He may be, of his cell block.
Well now he has the perfect resume for the dem nomination
SWEET
What’s the difference b/w threatening to sue for damages and extortion???? Confused.
Two quotes come to mind:
1) “When you strike at the King, you must kill him.”
2) And from Michael Cohen, “New York is a one party recording state.” (SDNY has extortion tapes).
First Aunt Becky, now Creepy Porn Lawyer!
The hits keep rolling in!
No worries Stormy will post bail.
Verified account @MichaelAvenatti
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.
When Nike is done with him...he’ll be completely broke, and likely pulling a minimum of one-year in a fed prison. Course, if he hadn’t irked Trump so much....he could go and ask for a commute on the sentence, but he burned that bridge.
Yep; he is officially a democrat now.
Eugene Debs ran for president from his jail cell.
Misappropriating a client’s settlement to line his own pockets. A lawyer is legally entitled to a third of the settlement.
Avenatti committed theft, fraud and extortion. To think he was the Democrat hero.
Well huh - bye!
I kinda of “snickered” at some Freepers’ opinion that Trump was divinely aided.
Now I have to rethink this.
David, who was no saint, found favor in the Lord’s eye.
Maybe Trump is today’s “David”
One by one everyone of the Left’s heros are going down and going down hard.
Mueller this weekend and the media narrative(Russia, Russia, Russia)
Avennetti today.
Is this the “Great Cleansing”?
Hold on to your britches. It’s going to be rough and it’s just starting
Slime leaves a long trail.
best news to start my week so far..
Cocaine is really bad for you.
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