Avenatti Out On Bail, Vows To Expose Nike [VIDEO]

CNBC reports:

Celebrity attorney Michael Avenatti denied on Tuesday that he had tried to shake down Nike, and he accused the sports apparel giant of committing a “crime and coverup.”

Avenatti tweeted his denial a day after he was arrested on federal charges, including trying to extort up to $25 million from the sports apparel company by threatening to reveal evidence he claimed he had of misconduct by company employees in the recruitment of college basketball players.

Avenatti was released from Manhattan federal court after signing a $300,000 personal recognizance bond on Monday. In a news conference after his release, Avenatti said he was “highly confident” that when all the evidence was revealed, he would be “fully exonerated, and justice will be done.”