Ave­natti faces bank and wire fraud charges

The Buffalo News - - NATIONAL NEWS -

LOS AN­GE­LES – At­tor­ney Michael Ave­natti has been ar­rested by fed­eral law en­force­ment of­fi­cials on fraud charges in Los An­ge­les and New York.

New York pros­e­cu­tors ac­cuse the at­tor­ney of “at­tempt­ing to ex­tract more than $20 mil­lion in pay­ments from a pub­licly traded com­pany by threat­en­ing to use his abil­ity to garner pub­lic­ity to in­flict sub­stan­tial fi­nan­cial and rep­u­ta­tional harm on the com­pany if his de­mands were not met.”

In court papers, the U.S. At­tor­ney for the South­ern District of New York claims Ave­natti threat­ened to re­lease dam­ag­ing in­for­ma­tion about Nike to the pub­lic un­less he re­ceived mul­ti­mil­lion-dol­lar pay­ments.

The long­time foe of Pres­i­dent Trump rep­re­sented porn ac­tress Stormy Daniels in her pub­lic war with the pres­i­dent.

Ear­lier this month, his firm, Ea­gan Ave­natti, filed for fed­eral bank­ruptcy pro­tec­tion. It is the sec­ond time in two years the firm has sought court pro­tec­tion from its cred­i­tors. The move comes three weeks af­ter Ja­son Frank, a for­mer lawyer at the firm, filed court papers ac­cus­ing Ave­natti of hid­ing mil­lions of dol­lars from the court that over­saw its pre­vi­ous bank­ruptcy.

Ave­natti has de­nied any wrong­do­ing.

– Los An­ge­les Times

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