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IN ADDITION to the Nike extortion charges in NY, fed prosecutors in LA also allege @MichaelAvenatti "embezzled a client’s money in order to pay his own expenses and debts ... and also defrauded a bank by using phony tax returns to obtain millions of dollars in loans."
The complaint in California alleges Avenatti "misappropriated his client’s settlement money and used it to pay expenses for his coffee business, Global Baristas US LLC."
He also allegedly defrauded a bank in Mississippi to "obtain three loans totaling $4.1 million."
He also allegedly defrauded a bank in Mississippi to "obtain three loans totaling $4.1 million."
Repeating -- Michael Avenatti now faces charges in federal court on both coasts.
Federal prosecutors allege he not only tried to extort millions from Nike, but also stole millions more from a client and a bank.
Federal prosecutors allege he not only tried to extort millions from Nike, but also stole millions more from a client and a bank.
