A federal jury in Manhattan has convicted attorney Michael Avenatti of attempting to extort Nike.
Avenatti, the California attorney who won popularity representing grownup film star Stormy Daniels, changed into as soon as chanced on guilty Friday afternoon of right products and services wire fraud, extortion and transmitting a threat in an interstate communications charges.
He might presumably presumably face up to 42 years in jail.
In some unspecified time in the future of the two-week trial, jurors heard phone conversations Avenatti had with Nike in March 2019 by which he demanded thousands and thousands of dollars in funds and threatened to liberate allegedly harmful details about the shoe firm.
„Whereas the defendant might presumably presumably perchance score tried to camouflage at the attend of upright terms and a suit and tie, the jury clearly saw the defendant’s procedure for what it changed into as soon as — an worn-long-established shakedown,“ U.S. Attorney for the Southern District Geoffrey Berman said in a assertion.
In a assertion released Friday, Daniels known as Avenatti’s conviction a „appropriate consequence.“
„Sadly, it seems what Michael Avenatti did to me changed into as soon as appropriate the tip of an iceberg of deceit,“ Daniels‘ assertion read. „I’m now not surprised his dishonesty has been published on a astronomical scale. His arrogant, fraudulent and overly aggressive behavior turned so pervasive that the jury chanced on his right character. Although clearly an right consequence, I perform feel sad for his kids and foolish for believing his lies for goodbye.“
The FBI said Avenatti „pale threats of economic and reputational hurt to extort Nike“ by threatening to score a files convention on the eve of the firm’s quarterly earnings name and philosophize allegations of misconduct.
Avenatti explicitly said to Nike he changed into as soon as „now not f—-ing round,“ prosecutors said.
He demanded a $1.5 million payment to his client, Gary Franklin, who ran a formative years basketball league in Los Angeles that Nike had stopped sponsoring. Court files also imprint he also demanded a $22 million payment for himself.
„The next stage is sentencing and charm. He’s got two diversified conditions, but Avenatti is Avenatti, he’s a solid guy, and clearly he’s disappointed, but he’s a fighter,“ said Scott Srebnick, an attorney for Avenatti.
Avenatti is scheduled to face trial within the same Manhattan federal courthouse in April on charges he defrauded Daniels, whose proper title is Stephanie Clifford, out of $300,000 from her e book deal. After that case is completed, Avenatti is scheduled to face trial in Los Angeles in Could maybe simply on charges he defrauded more than one prospects.
Avenatti remains in federal custody at the apprehensive Metropolitan Correctional Center after prosecutors caught him transferring round cash in violation of the terms of his liberate.