/Attorney Avenatti Arrested, Charged With Bank Fraud, Extortion Over Alleged Threats to Nike

Attorney Avenatti Arrested, Charged With Bank Fraud, Extortion Over Alleged Threats to Nike

Attorney Michael Avenatti, who seized the spotlight last year as a lawyer for adult-film actress Stormy Daniels, was arrested Monday and charged in two federal cases with wire fraud, bank fraud and attempting to extort more than $20 million from Nike Inc.

The U.S. attorney’s office in Los Angeles alleged in a criminal complaint that Mr. Avenatti embezzled a client’s money to pay his own expenses and cover debts—including for his law firm and coffee business—and defrauded a bank using phony tax returns.