UPDATED 1:21 PM PT — Monday, March 25, 2019
Attorney Michael Avenatti is facing federal charges in California and New York.
Federal prosecutors in Los Angeles announced wire and bank fraud charges against him Monday for allegedly embezzling money from a client as well as defrauding a bank through fake tax returns.
The U.S. attorney for the Southern District of New York said Avenatti allegedly tried to extort Nike for $20 million.
Prosecutors said he threatened to release damaging information about the company if it did not meet his demands.
Avenatti was arrested Monday in Manhattan after the FBI reportedly recorded his phone calls, revealing he threatened a law firm working with Nike.