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I'm just setting a placeholder - this is the Avenatti thread
We'll screenshot excerpts from the complaint and the relevant statutory provisions here
And do some analysis at some point
I've literally just started reading so the hot takes will take a few minutes
We'll screenshot excerpts from the complaint and the relevant statutory provisions here
And do some analysis at some point
I've literally just started reading so the hot takes will take a few minutes
Count One is Conspiracy to Transmit Interstate Communications with Intent to Extort
Violation of 18 USC § 875(d), a two-year count
Violation of 18 USC § 875(d), a two-year count
"Pay me $ or I'll take $10b off your market cap" seems like a pretty clear violation of 18 USC § 875(d)
Intent to extort, a threat to injure reputation, transmitted in interstate commerce (via phone)
Headshot
Intent to extort, a threat to injure reputation, transmitted in interstate commerce (via phone)
Headshot
Count 2 is Conspiracy to Commit Extortion, alleged violation of 18 USC 1951(a)
20-year count
20-year count
Scratch that, it's a conspiracy count, that's a five-year count, gotta remember my white-collar crime class
Oh he's in DEEP trouble
Actually scratch that again, the language of 1951 includes conspiracy, so it is in fact a twenty-year count
It really is that bad
It really is that bad
Screwed up the thread a little bit -
I was actually wrong, it IS a 20-year count, b/c the language of the statute includes conspiring
I was actually wrong, it IS a 20-year count, b/c the language of the statute includes conspiring
Counts 3 and 4 are just the underlying crimes from the conspiracy counts
So now the complaint makes sense
Counts 1 and 2 - Conspiracy to transmit an extortion threat, conspiracy to extort
Counts 3 and 4 - Transmitting an extortion threat, extortion
So now the complaint makes sense
Counts 1 and 2 - Conspiracy to transmit an extortion threat, conspiracy to extort
Counts 3 and 4 - Transmitting an extortion threat, extortion
So he's also facing criminal charges in California
Looking for the complaint rn
Looking for the complaint rn
Live now
Live DOJ press conference on California indictments available on FB live here: facebook.com/7NewsMiami/vid…
"The allegations in this case describe something different - a lawyer who fought for his own selfish interests by misappropriating over $1 million dollars that belonged to one of his clients." OUCH
Overview of 2-count criminal complaint.
December 2017 - he negotiated a settlement for a client in an intellectual property dispute. $1.6 million should have been paid by January 10, 2018. Avenatti gave client BOGUS settlement agreement with LATER DATE!!!!!!
December 2017 - he negotiated a settlement for a client in an intellectual property dispute. $1.6 million should have been paid by January 10, 2018. Avenatti gave client BOGUS settlement agreement with LATER DATE!!!!!!
He then wired the 1.6 million to an account he controlled and USED THE MONEY TO PAY FOR HIS OWN COFFEE BUSINESS AND PERSONAL EXPENSES
FRAUD FRAUD FRAUD
FRAUD FRAUD FRAUD
He then had the balls to *loan* his client 130K of the settlement money (which should have already belonged to the client)
Count 2 - Bank Fraud
Defrauded a Mississipi Bank by falsely representing his and his businesses' income
Submitted fictitious income tax returns and a fraudulent partnership tax return to get 4.1m dollars
Defrauded a Mississipi Bank by falsely representing his and his businesses' income
Submitted fictitious income tax returns and a fraudulent partnership tax return to get 4.1m dollars
