Avenatti pleads not guilty to extorting Nike, ripping off Stormy Daniels

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Avenatti pleads not guilty to extorting Nike, ripping off Stormy Daniels
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Lawyer Michael Avenatti pleaded not guilty on Tuesday to charges that he extorte...

NEW YORK - Lawyer Michael Avenatti pleaded not guilty on Tuesday to charges that he extorted Nike Inc, just hours after entering a not-guilty plea to defrauding porn star Stormy Daniels, the client who propelled him to fame as an outspoken adversary of U.S. President Donald Trump.

Avenatti entered his pleas to extortion, communication with intent to extort and two counts of conspiracy in connection with Nike at an afternoon hearing in federal court in Manhattan. Avenatti has hired Miami lawyer Scott Srebnick to represent him in the Nike case. At a brief hearing between his two pleas, Avenatti told U.S. District Judge Deborah Batts, who is expected to oversee the Daniels case, that he plans to hire a private lawyer in that case as well.

In an indictment made public last Wednesday, federal prosecutors in Manhattan accused Avenatti of stealing about $300,000 from Daniels to fund an extravagant lifestyle, including a Ferrari automobile, after helping her secure a book contract. Prosecutors said Avenatti diverted two $148,750 installment payments from Daniels’ $800,000 book advance by forging her signature in a letter to her literary agent and directing that the money be sent to his bank account.

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