Updated May 22, 2019

Michael Avenatti indicted for allegedly defrauding Stormy Daniels

Celebrity lawyer Michael Avenatti. Photo: David McNew/Getty Images

Federal prosecutors in New York have indicted lawyer Michael Avenatti with more financial crimes on Wednesday, including misappropriating money intended for his former client Stormy Daniels.

The backdrop: Avenatti has been charged in several states, including 36 charges from federal prosecutors in California for fraud, perjury, tax evasion, embezzlement and other financial crimes. The 2 new indictments were filed in Manhattan, and include a set of charges related to his alleged attempts to extort $20 million from Nike.

On Tuesday, Avenatti tweeted his expectation and denial of the charges:

"I expect an indictment to issue from SDNY in the next 48 hrs charging me in connection with m arrest in March. I intend on fighting these bogus/legally baseless allegations, and will plead not guilty to ALL CHARGES. I look forward to the trial where I can begin to clear my name."

Indictment for extorting Nike

Indictment for defrauding Daniels:

Go deeper: Timeline: The rise and fall of Michael Avenatti

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Live updates: Coronavirus spreads to Latin America

Data: The Center for Systems Science and Engineering at Johns Hopkins, the CDC, and China's Health Ministry. Note: China numbers are for the mainland only and U.S. numbers include repatriated citizens.

Brazil confirmed the first novel coronavirus case in Latin America Wednesday — a 61-year-old that tested positive after returning from a visit to northern Italy, the epicenter of Europe's outbreak.

The big picture: COVID-19 has killed more than 2,700 people and infected over 81,000 others. By Wednesday morning, South Korea had the most cases outside China, with 1,261 infections. Europe's biggest outbreak is in Italy, where 374 cases have been confirmed.

Go deeperArrowUpdated 2 hours ago - Health

GOP congressman accuses California pension official of working for China

Illustration: Rebecca Zisser/Axios

The latest season of Red Scare has come to Sacramento.

Driving the news: Rep. Jim Banks (R-Ind.) has repeatedly accused Ben Meng, chief investment officer of the California Public Employees' Retirement System (CalPERS), of tacitly working on behalf of the Chinese government. Banks also says that, were it up to him, Meng would be fired — and has questioned the patriotism of California Gov. Gavin Newsom for not at least investigating Meng.

Go deeperArrow2 hours ago - World

South Carolina "kingmaker" Jim Clyburn endorses Joe Biden

Joe Biden with Rep. Jim Clyburn at the World Famous Jim Clyburn Fish Fry in Columbia, South Carolina in June 2019. Photo: Logan Cyrus/AFP via Getty Images

House Majority Whip Jim Clyburn (D-S.C.), the highest-ranking black member of Congress, endorsed former Vice President Joe Biden Wednesday, days before South Carolina's primary.

Why it matters: Clyburn wields tremendous political influence in South Carolina, where a weak showing by Biden could be the death blow to his presidential campaign. Biden has long viewed the state as his firewall due to his strong support among black voters, who make up about 60% of South Carolina's Democratic electorate.