Avenatti Indicted on 36 Counts of Wire, Tax and Bank Fraud

Credit: Newsy Studio
Published on April 11, 2019 - Duration: 00:56s

Avenatti Indicted on 36 Counts of Wire, Tax and Bank Fraud

Federal prosecutors in California announced attorney Michael Avenatti has been indicted on 36 counts related to alleged financial crimes.

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Avenatti Indicted on 36 Counts of Wire, Tax and Bank Fraud

A federal grand jury  has indicted attorney Michael Avenatti on 36 criminal counts linked to alleged wire, tax and bank fraud.  The IRS and the U.S. attorney's office in the Central District of California held a press conference about  the indictment  Thursday.  Federal prosecutors  there allege Avenatti committed financial crimes by defrauding five clients out of millions of dollars, failing to file income tax returns and concealing assets.

Avenatti's also facing charges  in New York .

A separate case announced last month accuses him of attempting to extort $20 million from Nike.  Avenatti is probably best known for representing Stormy Daniels in a high-profile legal battle against President Donald Trump.

After the announcement,  Avenatti tweeted  that he plans to fight the charges and plead not guilty.

If convicted, he could face a maximum of 333 years in federal prison.  He's currently free on bond and scheduled to be arraigned in the California case on April 29.  Additional reporting from  Newsy affiliate CNN . 

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