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

Submitted by Amanda Matthews on Mon, 03/25/2019 - 1:42pm

Bwahahaha!!!! This mess just gets weirder and weirder. Look at this ‘scandal’ and all the strange and horrid people involved. Especially this guy. Considering the sleazy stunt he pulled during the Kavanaugh hearings, he was bound to end up behind bars eventually.

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

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According to the criminal complaint, Avenatti met in March 2019 with attorney for Nike and threatened to release damaging information about the company if Nike didn't make millions in payment to himself and an unnamed co-conspirator. Avenatti also allegedly demanded that Nike pay $1.5 million to an individual he claimed to represent.

"I'll go take $10 billion dollars off your client's market cap...I'm not f***ing around," Avenatti said, according to the complaint.

"And I'm not continuing to play games," he added. "You guys know enough now to know you've got a serious problem and it's worth more in exposure to me to just blow the lid on this thing."

Federal prosecutors in Los Angeles will also announce separate charges of wire fraud and bank fraud against Avenatti Monday morning.

Earlier Monday, 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."

https://apple.news/APkL2Z3IxT6SCbqVFLrra2Q

I wonder, how can Shifty & Co. make this Trump’s fault?

From what I consider a mudslinging tabloid):

UPDATE;Lawyer for Michael Jackson, Jussie Smollett named as Avenatti co-conspirator

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According to prosecutors, he and Avenatti met with Nike attorneys earlier this month in New York and attempted to extort them.

They allegedly threatened to release sensitive information about the company — claiming they would only keep quiet if Nike coughed up $20 million, the WSJ reports.

The duo’s alleged interest in the shoe and apparel giant stemmed from Avenatti’s representation of a high-profile client who was described simply as an amateur men’s basketball coach from California who has a sponsorship with the shoe company.

Geragos could not immediately be reached for comment Monday

https://nypost.com/2019/03/25/lawyer-for-michael-jackson-jussie-smollett....

After the Orange Menace & Clinton’s extravaganza of a shitshow election (what with both sides being so corrupt and all) maybe Avenatti felt like he was amongst kindred spirits when he announced his ‘thoughts’ about running for the presidency,

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Avenetti is the poster boy for this mess. I say “Off with ALL their heads” starting with Clinton
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Submitted by Amanda Matthews on Mon, 03/25/2019 - 2:41pm
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EDIT TO ADD:

In the Los Angeles federal case, Avenatti is accused in a 197-page complaint of negotiating a $1.6 million settlement for a client in a civil case, but then giving the client "a bogus settlement agreement with a false payment date of March 10, 2018."

The U.S. Attorney's Office in Los Angeles said "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."

"When the fake March 2018 deadline passed and the client asked where the money was, Avenatti continued to conceal that the payment had already been received," according to prosecutors.
"Mr. Avenatti is facing serious criminal charges alleging he misappropriated client trust funds for his personal use and he defrauded a bank by submitting phony tax returns in order to obtain millions of dollars in loans," U.S. Attorney Nick Hanna said.

Hanna's office said Avenatti also allegedly defrauded a bank in Mississippi by submitting to that bank fake tax returns to get three loans totaling $4.1 million for his law firm and coffee business in 2014.

The tax returns indicated that he had "substantial income even though he had never filed any such returns with the Internal Revenue Service," the prosecutor's office said. "The phony returns stated that he earned $4,562,881 in adjusted gross income in 2011, $5,423,099 in 2012, and $4,082,803 in 2013. ... Avenatti allegedly also claimed he paid $1.6 million in estimated tax payments to the IRS in 2012 and paid $1.25 million in 2013."

https://www.cnbc.com/amp/2019/03/25/michael-avenatti-to-be-charged-with-...

This is really funny. After all the ‘Lefts’ finger wagging they end up looking like incompetent liars. What in the Hell was Daniels point in the first place? She took money to shut up. She decided to come back for more? Or to run this ugly scam to advance her ‘career’? Either way, the Dims look bad again. They went for the golden ring and got a lump of coal.

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I'm tired of this back-slapping "Isn't humanity neat?" bullshit. We're a virus with shoes, okay? That's all we are. - Bill Hicks

Politics is the entertainment branch of industry. - Frank Zappa

Submitted by snoopydawg on Mon, 03/25/2019 - 7:10pm
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It's either funny or sad that so many Resistance people have claimed just because they were critical of Trump. Bush and McCain at the top of their list.

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Which AIPAC/MIC/pharma/bank bought politician are you going to vote for? Don’t be surprised when nothing changes.