Did Michael Avenatti Raid His Coffee Company's Coffers?

Credit: Wochit
Published on April 11, 2019 - Duration: 00:37s

Did Michael Avenatti Raid His Coffee Company's Coffers?

Michael Avenatti is being charged on 36 counts of perjury, fraud, failure to pay taxes, embezzlement, and other financial crimes.

Business Insider reports he could result in up to 335 years in prison.

Many of these charges were linked to Tully's, a Seattle-based coffee chain Avenatti bought in 2013.

Under Avenatti's control, Global Baristas failed to pay the IRS at least $3.2 million in federal payroll taxes.

Avenatti allegedly transferred millions of dollars from Global Baristas' bank accounts into his own accounts.

It's alleged he used the money for things such as rent and paying clients of his law firms. It's also alleged he spent the money paying back $8,459 he owed Neiman Marcus.

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