Michael Avenatti Allegedly Attempted to Extort Nike for Over $20 Million

The lawyer was arrested today for charges including bank fraud

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Michael Avenatti, the lawyer best known for representing adult film star Stormy Daniels in a lawsuit against President Donald Trump, has been arrested for attempting to extort $22.5 million from Nike, according to a complaint filed in New York today by the Federal Bureau of Investigation.

Earlier this month, Avenatti threatened the athletic apparel giant with negative publicity as well as economic and reputational damage ahead of the company’s March 21 quarterly earnings call and the start of the National Collegiate Athletic Association tournament, according to the FBI’s charges.

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