Michael Avenatti Faces Up To 333 Years In Prison After Indictment

Michael Avenatti Faces Up To 333 Years In Prison After Indictment

Michael Avenatti Faces Up To 333 Years In Prison After Indictment

Federal prosecutors in Los Angeles announced charges against attorney Michael Avenatti, including a 36-count grand jury indictment on wire, tax, bank and bankruptcy fraud charges.

US Attorney for the Central District of California Nick Hanna said at a news conference in Los Angeles on Thursday that much of Avenatti's misconduct was interrelated.

Avenatti denied the charges on Twitter, saying he had made powerful enemies and would plead not guilty and fight the case.

Wednesday's indictment is separate from charges Avenatti faces in NY for allegedly trying to extort Nike out of more than $20 million.

Federal prosecutors say attorney Michael Avenatti has been charged in a 36-count federal indictment in Southern California.

Michael Avenatti, the former lawyer for adult film actress Stormy Daniels, exits a New York court after being arrested for allegedly trying to extort Nike for up to $25 million on March 25, 2019 in New York City.

Meanwhile, within the 61-page indictment it's alleged that for years Avenatti hid and then completely spent $4.1 million that was reached in a 2015 settlement for the mentally ill paraplegic patient, while also using $2.75 million from another client's settlement to help pay for his share of a private jet valued up to $5 million.

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That same day in Los Angeles, prosecutors claimed that Avenatti misused a client settlements to fund his coffee business, and also used the money to pay personal expenses.

In New York, Avenatti said last month that the case was pushed by Nike in an attempt to distract attention from what he called its crimes.

In a case involving one client, Avenatti allegedly funneled a $2.75 million settlement into his bank accounts and spent $2.5 million on a private airplane, the indictment said. "Typically in the form of payments created to string along victims so as to prevent Mr. Avenatti's financial house of cards from collapsing".

The indictment said Avenatti made false statements in bankruptcy proceedings by submitting forms that under reported income such as a $1.3 million payment his firm received.

After Avenatti negotiated settlements for the clients that required payment to go to them, he would lie to the clients about the terms of the settlements, instead depositing the funds to attorney trust accounts he controlled, the indictment says.

Avenatti waived his right to a preliminary hearing in federal court in Santa Ana. "I am entitled to a FULL presumption of innocence and am confident that justice will be done once ALL of the facts are known", he wrote.

"Any claim that any monies due clients were mishandled is bogus nonsense", Avenatti said in a tweet that contained an image of what he said was the document signed by Johnson "attesting to my ethics and how his case was handled". Avenatti told his client that these payments were "advances" on the settlement.

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