Attorney Michael Avenatti is being charged with attempted extortion, allegedly threatening Nike with reputational and market cap harm if they did not pay him $20 million.
At 12:16 PM Monday, Avenatti posted this tweet, which as of this writing has not been deleted:
Less than one hour later the U.S. Attorney’s Office of the Southern District of New York (SDNY) posted this tweet announcing “charges against Michael Avenatti for attempting to extract more than $20M in payments from Nike”:
Press conference today at 2:30 @SDNYNews to announce charges against Michael Avenatti for attempting to extract more than $20M in payments from Nike by threatening to garner publicity to inflict financial & reputational harm if his demands were not met https://t.co/atshBN5Nvl# p #5_7 # ad skipped = true #
— US Attorney SDNY (@SDNYnews) March 25, 2019# p #6_7 # ad skipped = true #