Celebrity Lawyer Michael Avenatti was found guilty Friday for attempting to extort millions of dollars out of shoe manufacturer Nike.
A Federal Jury in New York City found Avenatti guilty on three counts: including wire fraud, extortion, and transmission of “interstate communications with intent to extort.”
“Avenatti, 48, who did not testify in the case against him, pleaded not guilty to charges alleging that he tried to extort up to $25 million from Nike by threatening to expose corruption at the sports footwear company unless he was allowed to conduct an internal probe of Nike,” reports Fox News.
“Avenatti maintained he was taking the aggressive position at the urging of his client, Gary Franklin, who ran a youth basketball league in Los Angeles and was angry that Nike ended a decade-long sponsorship that provided $72,000 annually and free gear. He sought $1.5 million for Franklin, as well,” adds Fox.
Avenatti will be sentenced on July 17th, 2020.
Read the full report here.