BREAKING: Creepy Po**rno Lawyer Michael Avenatti Arrested on Extortion, Bank Fraud. Stormy Daniels says..

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Nike said ‘just do it’ and that’s just what federal authorities in New York City have done – arrested Stormy Daniels’ ex-lawyer Michael Avenatti for a $20 million extortion scheme against Nike, embezzling a client’s money, defrauding a bank in Mississippi and that’s just the East Coast.

Avenatti allegedly threatened to hold a press conference to announce misconduct by Nike unless the athletic apparel company hired Avenatti and his co-conspirator to conduct an internal investigation for over $20 million. I guess he tried to shake down the wrong Corporation because Nicholas Biase, with the United States Attorney’s Office for the Southern District of New York, told The Hollywood Reporter that Michael Avenatti is being charged with federal crimes on both coasts.

“A criminal complaint against Avenatti says he “devised a scheme to extort a company by means of an interstate communication by threatening to damage the company’s reputation if the company did not agree to make multi-million dollar payments to Avenatti and [co-conspirator], and further agree to pay an additional $1.5 million to a client of Avenatti’s.”

The complaint says that last Wednesday, Avenatti and a cooperating witness spoke by phone with lawyers for Nike “during which  Avenatti stated, with respect to his demands for payment of millions of dollars, that if those demands were not met ‘I’ll go take ten billion dollars off your client’s market cap … I’m not f—ing around.’ ”

Avenatti is being charged with four counts of extortion in New York and facing federal wire fraud and bank fraud charges in California. If you thought he was a creepy idiot in the past – get this – he even tweeted his crime out.

Speaking of creepy, Avenatti in November was taken into police custody in Los Angeles following an allegation of domestic violence. Avenatti is best known as the lawyer for porn actress Stormy Daniels, who has said she had sex with President Donald Trump in 2006. Trump has denied having an affair. Storm recently fired him, claiming she had been treated unfairly. You think so dear?

Federal prosecutors in Los Angeles announced separate charges of wire fraud and bank fraud against Avenatti at 2 PM EST:

Attorney Michael Avenatti was arrested today pursuant to a criminal complaint alleging he embezzled a client’s money in order to pay his own expenses and debts — as well as those of his coffee business and law firm — and also defrauded a bank by using phony tax returns to obtain millions of dollars in loans.

Avenatti, 48, of Century City, was arrested today pursuant to a two-count felony complaint charging him with wire fraud and bank fraud. He also was arrested pursuant to a separate federal case filed in New York.

According to an affidavit filed with the criminal complaint in this case, Avenatti negotiated a settlement which called for $1.6 million in settlement money to be paid on January 10, 2018, but then gave the client a bogus settlement agreement with a false payment date of March 10, 2018. The affidavit states that Avenatti misappropriated his client’s settlement money and used it to pay expenses for his coffee business, Global Baristas US LLC, which operated Tully’s Coffee stores in California and Washington state, as well as for his own expenses. When the fake March 2018 deadline passed and the client asked where the money was, Avenatti continued to conceal that the payment had already been received, court documents said.

Avenatti also allegedly defrauded a bank in Mississippi by submitting to the lender false tax returns in order to obtain three loans totaling $4.1 million for his law firm and coffee business in 2014. According to the affidavit, Avenatti obtained the loans by submitting fabricated individual income tax returns (Forms 1040) for 2011, 2012, and 2013, reporting substantial income even though he had never filed any such returns with the Internal Revenue Service. The phony returns stated that he earned $4,562,881 in adjusted gross income in 2011, $5,423,099 in 2012, and $4,082,803 in 2013, according to the affidavit. Avenatti allegedly also claimed he paid $1.6 million in estimated tax payments to the IRS in 2012 and paid $1.25 million in 2013. In reality, Avenatti never filed personal income tax returns for 2011, 2012 and 2013 and did not make any estimated tax payments in 2012 and 2013. Instead of the millions of dollars he claimed to have paid in taxes, Avenatti still owed the IRS $850,438 in unpaid personal income tax plus interest and penalties for the tax years 2009 and 2010, court papers state. The affidavit also alleges that, as part of his loan applications, Avenatti also submitted a fictitious partnership tax return for his law firm.

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