Michael Avenatti found guilty in Nike extortion case

Disgraced attorney Michael Avenatti was found guilty Friday of three charges after attempting to extort up to $25 million from Nike by threatening to publicize claims that it made improper payments to athletes.

The state of play: Avenatti, who has been in prison since allegedly violating his bail conditions last month, was convicted of attempted extortion, honest-services fraud and the related use of interstate communications. He could face more than 40 years in prison at his June 17 sentencing, but will likely receive less, per Reuters.