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Avenatti is toast.
https://www.thedailybeast.com/michael-avenatti-arrest-the-sleaziest-things-the-feds-say-he-did?ref=scrollIn the former case, Avenatti faces extortion-related charges in New York for an alleged shakedown of Nike. Prosecutors said Avenatti and a mystery accomplice, believed to be California lawyer Mark Geragos, tried to bully the corporation into a $25-million payday to hush up allegations that Nike had secretly paid high-school basketball players.
Meanwhile, the feds also charged Avenatti with bank fraud and wire fraud in California, and accused him of stealing $1.6 million due to a client and faking personal income tax returns in order to receive $4 million worth of loans from one Mississippi bank. Investigators also say that he has not filed tax returns for himself or his businesses for years, and that he obstructed IRS efforts to collect millions in unpaid taxes from his law firm Eagan Avenatti, his coffee company Global Baristas, and himself personally.
The California case follows a steady stream of legal troubles plaguing the attorney—including allegations that he hid millions from bankruptcy court, and a divorce case in which he owes more than $1 million in child support to his ex-wife. The charges also reveal new information on how Avenatti allegedly funded his lavish, high-flying lifestyle even as he dodged the IRS and employee checks bounced.
Meanwhile, the feds also charged Avenatti with bank fraud and wire fraud in California, and accused him of stealing $1.6 million due to a client and faking personal income tax returns in order to receive $4 million worth of loans from one Mississippi bank. Investigators also say that he has not filed tax returns for himself or his businesses for years, and that he obstructed IRS efforts to collect millions in unpaid taxes from his law firm Eagan Avenatti, his coffee company Global Baristas, and himself personally.
The California case follows a steady stream of legal troubles plaguing the attorney—including allegations that he hid millions from bankruptcy court, and a divorce case in which he owes more than $1 million in child support to his ex-wife. The charges also reveal new information on how Avenatti allegedly funded his lavish, high-flying lifestyle even as he dodged the IRS and employee checks bounced.
- allegedly stole a client's settlement-money and forged documents when the client will get the money
- falsified banking account information and transactions to obstruct collection-efforts of the IRS
- Avenatti's Barista-company was renamed several times to evade the IRS
- when the IRS came for the bank-accounts of the Barista-company, Avenatti transfered the profits of the Barista-company into the accounts of his racing-team
- Avenatti had his companies pay him legal fees for services never rendered
- he forged a tax return document to embellish his earnings for bank loan application
- the cloud-server for his Barista-company is gone
- Avenatti never wanted communications in writing. He always gave orders via phone-call.
- And he didn't pay income tax for years despite claiming to be worth $70 million.
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