Disgraced Trump foe Michael Avenatti faces sentencing for Nike extortion scheme

  • Michael Avenatti faces sentencing in New York for a scheme to extort athletic apparel giant Nike out of up to $25 million.
  • The attorney became a leading foe of then-President Donald Trump and Trump's then-lawyer Michael Cohen while representing Stormy Daniels, whom Avenatti is separately charged with swindling.
  • Avenatti briefly flirted with seeking the Democratic nomination for president at the height of his fame.

Michael Avenatti, the brash attorney who became a leading foe of then-President Donald Trump, faces criminal sentencing in New York on Thursday afternoon for a brazen botched scheme to extort athletic apparel giant Nike out of up to $25 million.

Avenatti's troubles won't end after Manhattan federal court Judge Paul Gardephe sentences him in the Nike case, in which prosecutors have asked a prison term of around eight years. His defense lawyers want him to get just six months in lockup.

The 50-year-old California lawyer faces two more pending federal criminal trials.

Next week, Avenatti is set to begin trial on a raft of charges in California, where prosecutors said he defrauded clients out of millions of dollars. One of those clients was a mentally ill paraplegic.

Next year, back in Manhattan federal court, Avenatti is scheduled to be tried on charges related to allegedly swindling another fallen client, porn star Storm Daniels out of $300,000 in proceeds for a book she wrote.

Avenatti has denied any criminal wrongdoing.

He gained widespread fame, and infamy, for his bombastic representation of Daniels, who says she had sex with Trump once years before he ran for president.

CNBC Politics

Read more of CNBC's politics coverage:

  • National Republican groups join Georgia to fight Biden DOJ's suit against new voting law
  • Rudy Giuliani’s DC law license is suspended
  • Trump sues Facebook, Twitter and Google's YouTube

Trump's then-personal lawyer Michael Cohen paid Daniels $130,000 to keep quiet about her allegations shortly before the 2016 presidential election to avoid harming Trump's chances of winning the White House. Trump denies having had sex with Daniels.

After the hush money scheme was exposed, Avenatti was a near-constant presence on cable television news shows, where he attacked Trump and Cohen. Avenatti at one point flirted with running for the Democratic presidential nomination in 2020.

But the lawyer's publicity blitz came as he was staggering under millions of dollars in debt, a burden that prosecutors have claimed led him to commit a series of serious crimes for which he was charged in early 2019.

In the Nike case, Avenatti was convicted at trial of trying to shake down the publicly traded company by threatening in March 2019 to go public with alleged evidence that Nike bribed amateur basketball players and their families.

Avenatti warned Nike's lawyer that the claims could "take ten billion dollars off your client's" stock market capitalization.

"I'm not f—ing around with this, and I'm not continuing to play games," Avenatti told Nike's lawyers, shortly before his arrest.

Source: Read Full Article