Michael Avenatti, newly sentenced for extortion, faces trial this week for allegedly defrauding clients


Avenatti, 50, is accused in California of defrauding at the least 5 former clients of his former legislation agency, one a paraplegic, by stealing practically $10 million in settlement funds from them.

Michael Avenatti sentenced to 2.5 years in prison for attempting to extort NikeMichael Avenatti sentenced to 2.5 years in prison for attempting to extort Nike

He was initially charged in 2019 in a 36-count indictment that included counts of embezzlement, wire fraud, tax evasion, chapter fraud and financial institution fraud; the trial going down considerations solely the ten wire fraud counts. The the rest of the counts shall be tried later.

Avenatti is alleged to have negotiated settlements on behalf of the previous clients of his former agency, Eagen Avenatti LLP, then had the settlement proceeds deposited right into a checking account he managed, mendacity to his clients in regards to the phrases of the deal to forestall them from discovering the funds had already been paid, improperly, to him.

He mentioned on the time of the indictment that “Any claim that any monies due clients were mishandled is bogus nonsense.”

For Avenatti, who grew to become a nationwide determine throughout his illustration of adult-film actress Stormy Daniels, the primary Los Angeles trial is only one of a number of further prison issues he faces.

On prime of a second trial in Los Angeles on the remaining counts within the case involving clients of his former agency, he faces one more federal prison trial in New York subsequent yr on costs he cheated Daniels out of $300,000 from her e book advance. Daniels and Avenatti parted methods after he represented her throughout a federal investigation of former Trump legal professional Michael Cohen’s position in paying hush cash to silence her allegations of an affair with Trump earlier than he was president. Trump has denied having an affair with Daniels.

Michael Cohen apologizes to Stormy Daniels for causing 'needless pain'Michael Cohen apologizes to Stormy Daniels for causing 'needless pain'

Earlier this month, Avenatti appeared in court docket in New York, the place a decide sentenced him in his first prison case to 30 months in jail for making an attempt to extort tens of millions of {dollars} from Nike.

Amid tears, Avenatti instructed the decide he had deep regrets about his conduct, saying he had “betrayed my own values, my friends, my family and myself.”

“I, and I alone, have destroyed my career, my relationships, my life,” he mentioned.



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