Michael Avenatti’s Bail Revoked, “Creepy Porn Lawyer” Back In Jail
Less than a week after his lawyers claimed to have text messages exposing Nike’s cooperation with federal investigators against “creepy porn lawyer” Michael Avenatti as a self-serving hatchet job, the infamous attorney and wannabe presidential candidate – who gained a national profile after representing former porn star Stormy Daniels – is back in jail.
According to the New York Post, that same Manhattan judge has indefinitely postponed Avenatti’s trial on charges he attempted to shake down the world’s largest sportswear company, after another judge in California decided to revoke Avenatti’s bail, after prosecutors on the West Coast unsealed new charges claiming Avenatti violated his terms of release.
Michael Avenatti
Prosecutors said on Wednesday that the lawyer pocketed $1 million in legal fees while under indictment, then tried to hide the money from debt collectors by moving it around between various bank accounts that he controlled.
Avenatti was all set to stand trial in New York next week on the allegations that he attempted a mafia-like shakedown of Nike. Avenatti was caught on tape allegedly threatening two attorneys representing Nike, demanding that the company hire him to investigate claims that Nike improperly “sponsored” youth athletes at the steep cost of up to $25 million.
If the company refused, Avenatti threatened to take his claims public, something that he said could wipe as much as $1 billion off of Nike’s market cap.
Prosecutors are claiming that Avenatti tried to hide the $1 million from them, and use it to pay down some of his $15 million in personal debt.
Avenatti is now “in the custody of the US Marshals Service” and is presumably being transported back to California, where he will spend some time in jail before facing trial on several counts of embezzlement and money laundering.
Tyler Durden
Thu, 01/16/2020 – 06:00
via ZeroHedge News https://ift.tt/2RhD7ZC Tyler Durden