September 25, 2021

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Michael Avanetti Found Guilty On All Counts In Nike Extortion Trial

2 min read
Michael Avanetti Found Guilty On All Counts In Nike Extortion Trial

Michael Avenatti has been convicted on all counts by a jury in U.S. District Court in Manhattan in the Nike extortion trial.

A federal grand jury in November charged CNN golden boy Avenatti with extortion and wire fraud for attempting to extort millions of dollars from Nike.

According to the complaint, Michael Avenatti threatened to hold a press conference to announce alleged misconduct by Nike unless they hired Avenatti and his co-conspirator to conduct an internal investigation for over $20 million.

Avenatti was facing three charges after a federal grand jury in November 2019 returned a superseding indictment adding one count of wire fraud, and on Friday he was convicted on all three of the charges.

The former lawyer for porn star Stormy Daniels is now facing up to 42 years in prison. Sentencing is set for June 17.

Reporter Stephen Brown who covers the Manhattan Federal Court for
NY Daily News was there in the courtroom Friday said Micheal Avenatti “stared straight ahead and showed no reaction when the verdict was read.”

In addition to the Nike extortion charges, Manhattan federal prosecutors said he swindled Stormy Daniels out of nearly $300,000 for a book deal.

In a separate case in California, Avenatti is charged with defrauding clients, lying in bankruptcy proceedings, failure to pay taxes and other financial crimes.

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