CNBC reports:
Celebrity lawyer Michael Avenattii has been arrested on charges related to an alleged $20 million extortion of the athletic apparel company Nike, federal authorities said Monday. A press conference is scheduled to discuss the charges against Avenatti in Los Angeles on Monday afternoon.
Avenatti had represented porn star Stormy Daniels in her lawsuit against President Donald Trump and his former lawyer Michael Cohen. The charges were revealed less than an hour after Avenatti announced a press conference to discuss claims against Nike.
Tmrw at 11 am ET, we will be holding a press conference to disclose a major high school/college basketball scandal perpetrated by @Nike that we have uncovered. This criminal conduct reaches the highest levels of Nike and involves some of the biggest names in college basketball.
— Michael Avenatti (@MichaelAvenatti) March 25, 2019
Hey @MichaelAvenatti – It looks like you’ll be the one spending time behind bars after all. #basta https://t.co/7RioOcmNVp
— Donald Trump Jr. (@DonaldJTrumpJr) March 25, 2019
It’s Lent but it feels like Christmas. Avenatti charged. Trump cleared.
— Laura Ingraham (@IngrahamAngle) March 25, 2019
Nike shares drop to session low after attorney Michael Avenatti tweets that he will hold a press conference tomorrow about an alleged “high school/college basketball scandal perpetrated by Nike” https://t.co/XLnA2oBrRB pic.twitter.com/8UdqluUjoL
— CNBC Now (@CNBCnow) March 25, 2019
Law Enforcement Officials Will Announce Details of Criminal Charges against Attorney Michael Avenatti https://t.co/UtP40iaqmy
— US Attorney L.A. (@USAO_LosAngeles) March 25, 2019