Michael Avenatti indicted on 36 counts by grand jury - News Summed Up

Michael Avenatti indicted on 36 counts by grand jury


(CNN) A federal grand jury in California has indicted celebrity attorney Michael Avenatti on 36 counts, including embezzlement, wire fraud, tax evasion, bankruptcy fraud and bank fraud connected to his alleged theft of tens of millions of dollars from five clients, one a paraplegic. In the New York case, Avenatti is accused of attempting to extort more than $20 million from sportswear company Nike. He added that, as part of the case against Avenatti, federal authorities seized a $5 million jet Avenatti co-owned on Wednesday. Prosecutors also charged Avenatti with giving false testimony in a case involving the bankruptcy of his law firm Eagan Avenatti LLP. In one example in the indictment, Avenatti answered "no" under oath during the proceeding when asked if his firm received any fees from the Super Bowl NFL litigation.


Source: CNN April 11, 2019 15:08 UTC



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