Skip to main content
Tags: avenatti | nike | sentencing

Avenatti Faces Sentencing for Nike Shakedown, Legal Woes Far From Over

michael avenatti walks out of court house
Michael Avenatti walks out of a New York court house after a hearing in a case where he is accused of stealing $300,000 from a former client, adult-film actress Stormy Daniels on July 23, 2019, in New York City. (Spencer Platt/Getty Images)

By    |   Thursday, 08 July 2021 12:48 PM EDT

California lawyer Michael Avenatti, who publicly battled with then-President Donald Trump before criminal fraud charges on two coasts interrupted his skyrocketing fame, faces sentencing in one case Thursday.

Over a year after a jury concluded Avenatti tried to extort millions of dollars from Nike by threatening the company with bad publicity, U.S. District Judge Paul G. Gardephe will sentence him in Manhattan.

Avenatti was convicted on charges he tried to extort up to $25 million from the Beaverton, Oregon-based sportswear company while he was representing a Los Angeles youth basketball league organizer upset Nike had ended its league sponsorship.

But his legal woes are far from over. He is due to go on trial again next month in California on federal charges accusing him of defrauding clients and ripping off banks.

And next year, he’s set to be back in Manhattan for a federal court trial on charges related to allegedly swindling porn star Stormy Daniels out of $300,000 in proceeds for a book she wrote.

Avenatti has denied any criminal wrongdoing.

The Stormy Daniels case is the one that put Avenatti on the celebrity map; the porn actress, whose real name is Stephanie Gregory Gifford, says she had sex with Trump once, years before he ran for president.

Trump’s then-personal lawyer Michael Cohen paid Daniels $130,000 to keep quiet about her allegations shortly before the 2016 presidential election. Trump denies having had sex with Daniels.

After the hush money scheme was exposed, Avenatti was a cable news TV staple, attacking both Trump and Cohen. At one point, he even considered running for the Democrat presidential nomination in 2020.

But CNBC noted that despite his brash public profile, 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, he 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 his 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, CNBC reported.

The Associated Press contributed to this report.

Fran Beyer

Fran Beyer is a writer with Newsmax and covers national politics.

© 2024 Newsmax. All rights reserved.


US
California lawyer Michael Avenatti, who publicly battled with then-President Donald Trump before criminal fraud charges on two coasts interrupted his skyrocketing fame, faces sentencing in one case Thursday...
avenatti, nike, sentencing
395
2021-48-08
Thursday, 08 July 2021 12:48 PM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
TOP

Interest-Based Advertising | Do not sell or share my personal information

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved
Download the NewsmaxTV App
Get the NewsmaxTV App for iOS Get the NewsmaxTV App for Android Scan QR code to get the NewsmaxTV App
NEWSMAX.COM
America's News Page
© Newsmax Media, Inc.
All Rights Reserved