Avenatti Guilty on All Counts

Michael Avenatti makes a statement to the press as he leaves federal court in New York. Avenatti faces charges accusing him of cheating porn star Stormy Daniels out of $300,000 in a book deal Michael Avenatti Charges New York USA- 23 Jul 2019

Michael Avenatti makes a statement to the press as he leaves federal court in New York. Avenatti faces charges accusing him of cheating porn star Stormy Daniels out of $300,000 in a book deal Michael Avenatti Charges New York USA- 23 Jul 2019

With his conviction, Avenatti could face more than 40 years in prison and is expected to be disbarred.

The brash lawyer was all but unknown until two years ago when he began representing the adult film actress Stormy Daniels in lawsuits against US President Donald Trump and making hundreds of television appearances.

Michael Avenatti, former lawyer of Stormy Daniels and hopeful presidential candidate, was found guilty of trying to extort Nike.

After Mr. Avenatti threatened to expose the alleged payments in a news conference, Nike's lawyers contacted the Manhattan U.S. attorney's office, setting off a fast-paced criminal investigation in which Boies Schiller lawyers recorded conversations with Mr. Avenatti, recordings that were played at trial.

Prosecutors said he had more than $11 million in debts at the time.

"He had a better defense on this case, the extortion of Nike, than he does on the remaining case out in California which alleges that he stole hundreds of thousands of dollars from his own client".

The meetings with Avenatti "evolved into really a shakedown", Benjamin Homes, an attorney for Nike's outside law firm, told the court. Trump has denied any such encounter took place. He even toyed with running for president.

The verdict marks a victory for the Manhattan U.S. attorney's office, which brought the case previous year following a swift investigation.

In 2018, the company ended its sponsorship of Franklin's program, the California Supreme.

Avenatti showed no reaction as the verdict was read.

Avenatti also wanted $1.5 million paid to Gary Franklin, a youth basketball coach who claims Nike executives forced him to make illegal payments to top high school basketball players and their families. He looked straight ahead with a sad expression.

The judge limited what Avenatti could tell jurors.

Avenatti's sentencing was scheduled for June 17.

Avenatti also faces scheduled trials this spring in Manhattan for allegedly defrauding Daniels out of proceeds from a book contract, and in California for allegedly defrauding several other clients and lying to the Internal Revenue Service.

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