Federal prosecutors in New York announced Monday that they will charge lawyer Michael Avenatti, who gained notoriety for his representation of Stormy Daniels and a discredited Brett Kavanaugh accuser, with an attempt to extort $20 million from Nike. He is also being charged with wire and bank fraud by prosecutors in California.
The big picture: Avenatti tweeted just before the charges were announced, saying he would hold a press conference Tuesday "to disclose a major high school/college basketball scandal perpetrated by @Nike that we have uncovered." He was arraigned in New York on Monday evening and released on a $300,000 bond. He will be arraigned in his second case in Los Angeles on April 1.