Jump to content

Celebrity lawyer Michael Avenatti is found guilty in Nike extortion case


rooster59

Recommended Posts

Celebrity lawyer Michael Avenatti is found guilty in Nike extortion case

By Jonathan Stempel

 

2020-02-15T034938Z_1_LYNXMPEG1E02Z_RTROPTP_4_USA-CRIME-AVENATTI.JPG

FILE PHOTO: Attorney Michael Avenatti exits the United States Courthouse in the Manhattan borough of New York City, U.S., October 8, 2019. REUTERS/Brendan McDermid/File Photo

 

NEW YORK (Reuters) - A U.S. jury on Friday found Michael Avenatti guilty in a criminal trial accusing the celebrity lawyer of trying to extort Nike Inc out of millions of dollars and defraud a youth basketball coach he represented.

 

Jurors in Manhattan federal court needed 2-1/2 days to decide the fate of Avenatti, a brash lawyer all but unknown until two years ago when he began representing adult film actress Stormy Daniels in lawsuits against U.S. President Donald Trump and making hundreds of television appearances.

 

Avenatti, 48, who positioned his chair so he could face the jurors during his 2-1/2-week trial, stared at them as the verdict was read. He could get more than 40 years in prison at his scheduled June 17 sentencing.

 

"Of course there will be an appeal, yes," Avenatti's lawyer Scott Srebnick told reporters after the verdict.

 

Avenatti also faces scheduled criminal trials this spring in Manhattan on charges he defrauded Daniels out of proceeds from a book contract, and in California on charges he defrauded several other clients and lied to the Internal Revenue Service.

 

He has been jailed in Manhattan since Jan. 17 after California prosecutors said he violated his bail conditions.

 

Avenatti shook hands with and got a pat on the back from members of his legal team following Friday's verdict, before a court officer led him away.

 

The defendant was convicted of trying to shake down Nike by threatening to hold a press conference to discuss allegations the sports apparel company made illegal payments to families of college basketball recruits.

 

Prosecutors said Avenatti told Nike he could wipe billions of dollars off its market value, but would keep quiet if it paid him and another lawyer up to $25 million to conduct an internal probe, and paid the coach Gary Franklin $1.5 million.

 

Avenatti was also convicted of defrauding Franklin by not telling him he was demanding a probe before agreeing to settle.

 

Prosecutors said Avenatti wanted a big payday to cover at least $11 million of his own debts.

 

Avenatti's trial included multiple recordings of his negotiations with Nike's lawyers. Franklin testified for prosecutors that he did not want a probe or press conference.

 

"The jury clearly saw the defendant's scheme for what it was - an old fashioned shakedown," U.S. Attorney Geoffrey Berman said in a statement.

 

Nike has denied wrongdoing.

 

Lawyers for Avenatti argued their client had acted in good faith and did exactly what Franklin wanted.

 

Avenatti did not testify, after his trial judge said prosecutors could question him about his dealings with other clients, without mentioning the criminal charges.

 

(Reporting by Jonathan Stempel; Additional reporting by Brendan Pierson; Editing by Noeleen Walder, Editing by Franklin Paul and Tom Brown)

 

reuters_logo.jpg

-- © Copyright Reuters 2020-02-15
Link to comment
Share on other sites

I recall talk of this huckster being a contender for the presidency. Had he prevailed, he may have made Trump look clean (yes, a very tall order).

Successive hucksters would have turned America into a banana republic for sure.

Avenatti dug his own grave!

  • Like 1
Link to comment
Share on other sites

32 minutes ago, neeray said:

I recall talk of this huckster being a contender for the presidency. Had he prevailed, he may have made Trump look clean (yes, a very tall order).

Successive hucksters would have turned America into a banana republic for sure.

Avenatti dug his own grave!

 

This particular huckster reminds me of Bernie Madoff.  Which also should remind us that hucksterism is an essential component of American life.

Link to comment
Share on other sites

1 hour ago, WalkingOrders said:

Essential? To who?

To whom?  to whomsoever wishes to attain a deeper knowledge of American history.  In our period of history hucksterism has changed its name: it's now morphed into "fake news".  But essentially the same thing.

 

Sorry I couldn't help you further....

Link to comment
Share on other sites

8 hours ago, blazes said:

 

This particular huckster reminds me of Bernie Madoff.  Which also should remind us that hucksterism is an essential component of American life.

I am an American by birth and hucksterism is not an essential component of my life. I require no reminder of the components of the life of any person, from any country. 

  • Sad 1
  • Thanks 1
Link to comment
Share on other sites

8 hours ago, BobBKK said:

Thank goodness serious news channels like CNN never took him seriously... oh wait...

Yeah, fox news would never bother reporting it. Oh wait.

 

https://www.foxnews.com/politics/stormy-daniels-attorney-michael-avenatti-im-exploring-a-run-for-the-presidency-of-the-united-states

 

If someone prominent announces a run at it then its their duty to report on it. Or do you think only people you like should be reported on.

  • Like 1
  • Sad 1
  • Haha 1
Link to comment
Share on other sites

7 hours ago, blazes said:

To whom?  to whomsoever wishes to attain a deeper knowledge of American history.  In our period of history hucksterism has changed its name: it's now morphed into "fake news".  But essentially the same thing.

 

Sorry I couldn't help you further....

I think someone in post #24 captures the essence of the word essential perfectly without even having to dive into US history. 

  • Like 1
Link to comment
Share on other sites

Glad to see justice served, but I used to really enjoy watching this guy on CNN! He was so insanely confident and self-assured that it was like he was actor playing himself in a movie. I remember one point where he was tipped for a 2020 presidential run - boy, how times have changed.  

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Recently Browsing   0 members

    • No registered users viewing this page.




×
×
  • Create New...