A federal jury in Manhattan has convicted attorney Michael Avenatti of trying to extort Nike. Avenatti, the California lawyer who gained fame representing adult film star Stormy Daniels, was found guilty Friday afternoon of honest services wire fraud, extortion and transmitting a threat in an interstate communications charges.
FBI said Avenatti "used threats of economic and reputational harm to extort Nike" by threatening to hold a news conference on the eve of the company's quarterly earnings call and announce allegations of misconduct. Avenatti explicitly said to Nike he was "not f----ing around," prosecutors said. He demanded a $1.5 million payment to his client, Gary Franklin, who ran a youth basketball league in Los Angeles that Nike had stopped sponsoring. Court records also show he also demanded a $22 million payment for himself.
Avenatti is a big mouth idiot that has made many suffer. He will now pay and not have all the fancy life he cheated so many to get.