Jun 16, 2022 - Politics & Policy
Michael Avenatti pleads guilty to wire fraud and tax charge
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.