Skip to main content
BoF Logo

The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.

Lawyer Michael Avenatti Charged in $20 Million Nike Extortion Scam

The lawyer who represented adult film star Stormy Daniels in her legal battles against US President Donald Trump is accused of embezzling a client's money to cover his own debts.
Michael Avenatti | Source: Shutterstock
By
  • Reuters

NEW YORK, United States — Attorney Michael Avenatti, who represented adult film star Stormy Daniels in her legal battles against US President Donald Trump, was arrested on Monday and charged with extorting more than $20 million from Nike, federal prosecutors said.

The US Attorneys offices in New York and Los Angeles separately filed charges against Avenatti, with the California case accusing him of embezzling a client's money to cover his own debts, as well as using phony tax returns to obtain millions of dollars in loans from a bank.

Avenatti threatened to expose allegations of misconduct from Nike employees unless the apparel company paid him and an unnamed co-conspirator $22.5 million to "buy Avenatti's silence," the New York complaint said.

By Joseph Ax; editor: Scott Malone.

In This Article

© 2024 The Business of Fashion. All rights reserved. For more information read our Terms & Conditions

More from News & Analysis
Fashion News, Analysis and Business Intelligence from the leading digital authority on the global fashion industry.
view more

Subscribe to the BoF Daily Digest

The essential daily round-up of fashion news, analysis, and breaking news alerts.

The Business of Fashion

Agenda-setting intelligence, analysis and advice for the global fashion community.
CONNECT WITH US ON
The Business of Beauty Global Awards - Deadline 30 April 2024
© 2024 The Business of Fashion. All rights reserved. For more information read our Terms & Conditions, Privacy Policy, Cookie Policy and Accessibility Statement.
The Business of Beauty Global Awards - Deadline 30 April 2024