Jun 16, 2022 - Politics & Policy

Michael Avenatti pleads guilty to wire fraud and tax charge

Former attorney Michael Avenatti arriving at a federal court in New York in January 2022.
Michael Avenatti arriving at a federal court in New York in January 2022. Photo: Timothy Clary/AFP via Getty Images

Disgraced lawyer Michael Avenatti on Thursday pleaded guilty to four counts of wire fraud and a tax charge in a federal court in Southern California, according to AP.

Why it matters: Avenatti is already serving two prison sentences from prior convictions for stealing nearly $300,000 from his former client, adult film actress Stormy Daniels, and from attempting to extort Nike out of more than $20 million.

The big picture: Federal prosecutors charged Avenatti in a 36-count indictment in 2019 for cheating clients out of millions of dollars while lying repeatedly about his business and income.

  • Prosecutors said Thursday that the plea deal subjects Avenatti to as much as 83 years in prison, according to AP.
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