Michael Avenatii Indicted For Fraud, Embezzlement

(Los Angeles, CA-AP) — L.A. prosecutors are charging celebrity lawyer Michael Avenatti in a 36-count federal indictment. Avenatti has been indicted by a federal grand jury for fraud, perjury, failure to pay taxes, embezzlement and other financial crimes.

The grand jury in Southern California believes that the former lawyer for porn star Stormy Daniels stole millions of dollars from five clients and used shell companies and bank accounts to cover it up.

The announcement comes just days after Avenatti was hit with criminal complaints in L.A. and New York. He was arrested in New York for an alleged plot to extort money from Nike.

U.S. attorney in Los Angeles Nick Hanna went over some of the details of the new indictment, including defrauding a paraplegic client of a four-million-dollar settlement then using the cash for his coffee business and auto races. Avenatti allegedly took nearly three-million from another client’s legal settlement and bought a jet. Hanna said that jet has been seized.

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