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We have some breaking news Lawyer Michael Avenatti, who attained national prominence as a legal antagonist of President Trump, and obtaining Alleged R.kelly Tapes, has been arrested on federal bank fraud and wire fraud charges. #michealavenatti

Prosecutors in California say he embezzled client money to pay his own expenses and debts.

Avenatti was arrested in New York on separate federal charges. He was ordered released on $300,000 bond, according to The Associated Press.

Authorities there say he tried to extract more than $20 million from shoe giant Nike by threatening to use his ability to attract public attention if the company failed to meet his financial demands.

Avenatti had written on Twitter on Monday, before the case against him was announced in New York, that he planned a press conference about “a major high school/college basketball scandal that we have uncovered.”

As previously reported, Avenatti was charged with one count of conspiracy to transmit interstate communications with intent to extort, one count of conspiracy to commit extortion, one count of transmission of interstate communications with intent to extort and one count of extortion.

The attorney could face up to 47 years in prison if convicted, according to the Associated Press.

Before his arrest in Manhattan, Avenatti took to Twitter Monday morning to announce a press conference to “disclose a major high school/college basketball scandal.”

“Tmrw at 11 am ET, we will be holding a press conference to disclose a major high school/college basketball scandal perpetrated by @Nike that we have uncovered,” Avenatti tweeted. “This criminal conduct reaches the highest levels of Nike and involves some of the biggest names in college basketball.” do you think Micheal Avenatti is finished? will the new charges against Micheal Avenatti hurt R.Kelly’s Case?





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