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One-time Democrat presidential hopeful and last, best hope of #TheResistance Michael Avenatti has found himself in legal jeopardy once again. The former lawyer of Stormy Daniels was arrested in New York earlier today on charges that he attempted to extort sneaker giant Nike out of $20 million.
Prosecutors for the Southern District of New York allege that creepy porn lawyer Avenatti attempted to extort Nike “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.”
Michael - Avenatti - Co-conspirator - Nike - Lawyers
Michael Avenatti and an unnamed co-conspirator allegedly met with Nike’s lawyers on March 19 in an effort to obtain money from the sports apparel giant. Prosecutors allege that Michael Avenatti planned to release damaging information about supposed misconduct by Nike employees on the eve of the company’s quarterly earnings report if his demands were not met.
The complaint states that Avenatti told Nike’s legal team that he would “go take ten billion dollars off your client’s market cap … I’m not f***ing around.” Avenatti also told Nike that “the company might die” as a result of his going public with the allegations.
Threats - Nike - Today - Press - Conference
Avenatti seems to have been preparing to follow through on his threats to “destroy” Nike, as earlier today he tweeted that he would hold a press conference tomorrow detailing his charges against the company.
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