Michael Avenatti Charged With Stealing Millions From Clients

Credit: Wibbitz Top Stories
Published on April 11, 2019 - Duration: 01:20s

Michael Avenatti Charged With Stealing Millions From Clients

Michael Avenatti Charged With Stealing Millions From Clients Avenatti has been indicted on 36 counts of fraud, perjury, failure to pay taxes, embezzlement and other financial crimes.

He is accused of stealing millions from five different clients, and funneling the funds through various shell companies and bank accounts.

His crimes were discovered in 2018 when one of his clients lost their disability payments as a result of Avenattiโ€™s deceit.

He also failed to file personal income tax returns, as well as tax returns for his law firms, between 2015 and 2017.

Avenatti was arrested in March for allegedly attempting to extort $20 million from Nike.

He is currently free on a $300,000 bond, and has taken to Twitter to proclaim his innocence.

Michael Avenatti, via statement Avenattiโ€™s combined crimes hold a maximum sentence of 382 years in prison.

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