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Illustration: Aïda Amer/Axios

Michael Avenatti, who rose to fame last year as a lawyer for Stormy Daniels, was arrested yesterday and charged with attempting to extort more than $20 million from Nike.

Why it matters: Lost in the Avenatti headlines is the fact that Nike may have paid college athletes in the same manner as Adidas — the company at the center of the ongoing college basketball bribery scandal.

  • Without hard evidence, it'd be irresponsible to assume Nike's guilt, but does anyone really think Adidas was the only shoe company paying players? Who did you think they were bidding against? It wasn't themselves...

What's happening: According to the indictment, Avenatti met with an in-house lawyer for Nike last week, claiming to represent a former AAU coach who had evidence that Nike employees paid at least three players.

  • Avenatti allegedly threatened to make the payments public at an upcoming news conference unless Nike paid his client $1.5 million.
  • He also demanded that Nike hire him — yes, the guy literally trying to extort them — to conduct an "internal investigation" of the company, for which he would be paid more than $9 million. BOLD strategy, Cotton.
  • Avenatti's co-conspirator in the extortion scheme is celebrity attorney and CNN legal analyst Mark Geragos, the Wall Street Journal reports. In response to the news, CNN promptly fired him.

Just in: The AAU coach that Avenatti was representing is reportedly Gary Franklin Sr., who led a team known as California Supreme.

  • Recent alumni: Reigning No. 1 pick Deandre Ayton (also involved in Adidas scandal); Pacers rookie Aaron Holiday; UCLA freshman Shareef O'Neal (Shaq's son); Oregon freshman Bol Bol; many more.
  • Look: Franklin Sr. pictured with Ayton at last year's NBA draft.

Go deeper:

  • 🎬 Watch: The Netflix documentary "At All Costs" explores the high-stakes world of AAU basketball. One of the teams it focuses on? California Supreme. I watched this like a year ago — highly recommend.
  • Look: For all you visual learners out there, the U.S. Attorney's Office for the Southern District of New York shared a timeline of what they believe happened.

Go deeper

1 hour ago - World

Mapped: The world's most and least corrupt countries

Expand chart
Data: Transparency International; Map: Jared Whalen/Axios

The most corrupt governments in the world are in South Sudan, Syria and Somalia, according to Transparency International's annual index, while the "cleanest" are in Denmark, Finland and New Zealand.

  • Breaking it down: The U.S. is 27th, China 66th, India 85th, Brazil 96th and Russia 136th. Scroll over the map to see each country's ranking.

Crypto leads to massive surge in online scams

Expand chart
Reproduced from FTC; Chart: Axios Visuals

Bogus cryptocurrency investments led to an unprecedented increase in online scams last year, according to new data from the Federal Trade Commission (FTC).

Why it matters: Cryptocurrency is an easy target because while it's surging in popularity, there's still a lot of confusion about how it works.

Tina Reed, author of Vitals
3 hours ago - Health

New clues emerge on long COVID

Illustration: Maura Losch/Axios

The presence of certain autoantibodies or high amounts of coronavirus RNA in the blood could be indicators a patient has a higher chance of developing long COVID, according to a new study in the journal Cell.

  • Other factors include a person having Type 2 diabetes or the reactivation of the Epstein-Barr virus.