Michael Avenatti charged with trying to extort more than $20 million from Nike - News Summed Up

Michael Avenatti charged with trying to extort more than $20 million from Nike


(CNN) Federal prosecutors in Manhattan and Los Angeles charged attorney Michael Avenatti nearly simultaneously in two criminal cases Monday, unsealing complaints that alleged he attempted to extort more than $20 million from Nike and that he committed wire and bank fraud. I'm not f***ing around," Avenatti told Nike's attorneys, according to the complaint. This criminal conduct reaches the highest levels of Nike and involves some of the biggest names in college basketball," Avenatti tweeted. "When Nike became aware of this matter, Nike immediately reported it to federal prosecutors," the statement said. "When Mr. Avenatti attempted to extort Nike over this matter, Nike with the assistance of outside counsel at Boies Schiller Flexner, aided the investigation."


Source: CNN March 25, 2019 17:10 UTC



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