Michael Avenatti sentenced to 2-1/2 years prison for Nike extortion scheme
Skip to main content
  • Home
  • Economy
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Splash
  • Features
  • Videos
  • Long Read
  • Games
  • Epaper
  • More
    • COVID-19
    • Bangladesh
    • Infograph
    • Interviews
    • Offbeat
    • Thoughts
    • Podcast
    • Quiz
    • Tech
    • Subscribe
    • Archive
    • Trial By Trivia
    • Magazine
    • Supplement
  • বাংলা
The Business Standard
FRIDAY, MAY 20, 2022
FRIDAY, MAY 20, 2022
  • Home
  • Economy
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Splash
  • Features
  • Videos
  • Long Read
  • Games
  • Epaper
  • More
    • COVID-19
    • Bangladesh
    • Infograph
    • Interviews
    • Offbeat
    • Thoughts
    • Podcast
    • Quiz
    • Tech
    • Subscribe
    • Archive
    • Trial By Trivia
    • Magazine
    • Supplement
  • বাংলা
Michael Avenatti sentenced to 2-1/2 years prison for Nike extortion scheme

USA

Reuters
09 July, 2021, 08:20 am
Last modified: 09 July, 2021, 08:22 am

Related News

  • US fully backs Sweden and Finland Nato bids: Biden
  • US aims to arm Ukraine with advanced anti-ship missiles to fight Russian blockade
  • Biden to meet leaders of Finland, Sweden on NATO expansion
  • Biden visits Japan, South Korea carrying warning to China
  • US charges a American, four Chinese officials with spying

Michael Avenatti sentenced to 2-1/2 years prison for Nike extortion scheme

US District Judge Paul Gardephe in Manhattan said Avenatti, 50, "had become drunk on the power of his platform" in betraying his client, a youth basketball coach, for his own gain

Reuters
09 July, 2021, 08:20 am
Last modified: 09 July, 2021, 08:22 am
Michael Avenatti. Picture: Collected
Michael Avenatti. Picture: Collected

Michael Avenatti, the brash lawyer who shot to fame representing porn actress Stormy Daniels in lawsuits against Donald Trump before a swirl of criminal charges ended his legal career, was sentenced to 2-1/2 years in prison on Thursday for trying to extort Nike Inc.

US District Judge Paul Gardephe in Manhattan said Avenatti, 50, "had become drunk on the power of his platform" in betraying his client, a youth basketball coach, for his own gain.

"Mr. Avenatti's conduct was outrageous," Gardephe said. "He hijacked his client's claims, and he used those claims to further his own agenda, which was to extort millions of dollars from Nike for himself."

The sentencing caps a precipitous downfall for a once-obscure lawyer who in 2018 became a cable news and social media fixture, disparaging then-President Trump and even flirting with his own White House run.

Avenatti still faces three other criminal fraud trials, including for defrauding Daniels, whose legal name is Stephanie Clifford.

In the Nike case, Avenatti was convicted for threatening to expose the sportswear company's alleged corrupt payments to families of college basketball prospects, unless it paid up to $25 million for him and another lawyer to conduct a probe.

Nike has denied wrongdoing. "The verdict and sentence speak for themselves," it said in a statement.

Recordings showed Avenatti telling Nike lawyers he would "blow the lid" on the company and wipe $10 billion off its stock market value unless it bowed to his demands.

Prosecutors said Avenatti was counting on a big payday to cover his debts.

Avenatti was also convicted of defrauding the coach, Gary Franklin, by not telling him he wouldn't settle unless there were a probe.

Gardephe read extensively from Avenatti's taped words, including multiple profanities, before imposing the sentence, which includes an additional three years of supervised release following prison.

Avenatti's lawyers have said he will appeal the February 2020 conviction.

Before learning his fate, Avenatti choked up as he admitted to losing his way following years of "fighting for the little guy against the Goliaths." The divorced father of three apologized to Franklin and others.

"TV and Twitter, your honor, mean nothing," Avenatti told the judge. "Everyone wants to ride in a limo with you, but very few are willing to sit next to you on the bus. Even fewer, your honor, are willing to take your calls from prison.

"I and I alone have destroyed my career, my relationships, my life," he added.

Franklin had been upset Nike stopped sponsoring his program, and said he wanted simply to restore their relationship. He said Avenatti had "destroyed my reputation" within his community.

Avenatti had sought no more than six months in prison.

Prosecutors had sought a "very substantial" term, and probation officers recommended eight years.

But the judge said he took into account Avenatti's "sincere remorse" and his having spent three months early last year in "horrific conditions" at a Manhattan jail, as well as the role of the other lawyer, who was not charged.

Avenatti still faces a July 20 trial in California on charges he stole nearly $10 million from five clients, and a second trial there on bankruptcy, bank and tax fraud charges.

He also faces a January trial in Manhattan for allegedly cheating Daniels out of proceeds from a book contract.

Daniels had sued Trump in connection with a 2016 agreement not to discuss their alleged sexual encounters from a decade earlier, which Trump denies having had.

Avenatti has pleaded not guilty to all charges.

Top News / World+Biz

Michael Avenatti / USA / Nike

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Infographic: TBS
    Businesses reel under soaring costs
  • Photo: Mumit M/TBS
    What delays infrastructure projects in Bangladesh?
  • What needs to be done now?
    What needs to be done now?

MOST VIEWED

  • Picture: Collected
    US fully backs Sweden and Finland Nato bids: Biden
  • U.S. President Joe Biden boards Air Force One to depart for his first trip to Asia as sitting president from Joint Base Andrews, Maryland, U.S. May 19, 2022. REUTERS/Jonathan Ernst
    Biden, South Korea's Yoon to meet amid worries about North Korea
  • Buffalo shooting suspect, Payton S. Gendron, appears in court accused of killing 10 people in a live-streamed supermarket shooting in a Black neighborhood of Buffalo, New York, U.S., May 19, 2022. REUTERS/Brendan McDermid
    Buffalo, NY, mass murder suspect returns to court as grand jury probes rampage
  • The US Navy Arleigh-Burke-class guided missile destroyer USS Curtis Wilbur launches a Harpoon surface-to-surface missile during Pacific Vanguard (PACVAN) quadrilateral exercises between Australia, Japan, Republic of Korea, and U.S. Naval forces in the Philippine Sea May 26, 2019. Picture taken May 26, 2019. US Navy/Mass Communications Specialist 1st Class Toni Burton/Handout via REUTERS
    US aims to arm Ukraine with advanced anti-ship missiles to fight Russian blockade
  • Russian and US state flags fly in Vsevolozhsk, Leningrad Region, Russia March 27, 2019. Photo :Reuters
    Top US, Russian generals speak for first time since Ukraine invasion
  • US President Joe Biden walks to board Marine One, before traveling to Rehoboth Beach, Delaware for the weekend, on the South Lawn of the White House in Washington, US, March 18, 2022. REUTERS/Al Drago/File Photo
    Biden welcomes Finland, Sweden to join NATO, as Turkey balks

Related News

  • US fully backs Sweden and Finland Nato bids: Biden
  • US aims to arm Ukraine with advanced anti-ship missiles to fight Russian blockade
  • Biden to meet leaders of Finland, Sweden on NATO expansion
  • Biden visits Japan, South Korea carrying warning to China
  • US charges a American, four Chinese officials with spying

Features

Professor Mustafizur Rahman. Illustration: TBS

Project delays and escalating costs are driven by frequent revisions and lack of good governance

8m | Panorama
Photo: Mumit M/TBS

What delays infrastructure projects in Bangladesh?

38m | Panorama
Foods that you should never put in the refrigerator

Foods that you should never put in the refrigerator

1h | Food
Beef Kunafa: A treat for beef and cheese lovers

Beef Kunafa: A treat for beef and cheese lovers

1h | Food

More Videos from TBS

Gazipur restaurant that serves 150 food items

Gazipur restaurant that serves 150 food items

1h | Videos
How to prepare for a job

How to prepare for a job

2h | Videos
Putin's strategies to face Nato

Putin's strategies to face Nato

14h | Videos
How many countries have nuclear weapons and how many are there?

How many countries have nuclear weapons and how many are there?

14h | Videos

Most Read

1
Tk100 for bike, Tk2,400 for bus to cross Padma Bridge
Bangladesh

Tk100 for bike, Tk2,400 for bus to cross Padma Bridge

2
Representative Photo: Pixabay.
Bangladesh

Microplastics found in 5 local sugar brands

3
Mushfiq Mobarak. Photo: Noor-A-Alam
Panorama

Meet the Yale professor who anchors his research in Bangladesh and scales up interventions globally

4
A packet of US five-dollar bills is inspected at the Bureau of Engraving and Printing in Washington March 26, 2015. REUTERS/Gary Cameron
Banking

Dollar hits Tk100 mark in open market

5
The story of Bangladesh becoming a major bicycle exporter
Industry

The story of Bangladesh becoming a major bicycle exporter

6
PK Halder: How a scamster rose from humble beginnings to a Tk11,000cr empire
Crime

PK Halder: How a scamster rose from humble beginnings to a Tk11,000cr empire

The Business Standard
Top
  • Home
  • Entertainment
  • Sports
  • About Us
  • Bangladesh
  • International
  • Privacy Policy
  • Comment Policy
  • Contact Us
  • Economy
  • Sitemap
  • RSS

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - oped.tbs@gmail.com

For advertisement- sales@tbsnews.net

Copyright © 2022 THE BUSINESS STANDARD All rights reserved. Technical Partner: RSI Lab