Michael Avenatti has revealed the details surrounding his New York City arrest two months ago and admits that he ‘flew too close to the sun’ while representing his former client Stormy Daniels.
Avenatti gained notoriety when he represented the ex adult film star from February 2018 to February 2019 in her legal battles with Donald Trump over hush money she received for an alleged affair with the president in 2006.
His fall from grace began when he was arrested in November in Los Angeles for domestic violence, though he did not face felony charges.
The vocal Trump critic was then arrested in New York’s Hudson Yards in March for allegedly attempting to extort millions of dollars from Nike.
Michael Avenatti (pictured on the night of his March 25 arrest) has revealed the details surrounding his New York City arrest two months ago and admits that he ‘flew too close to the sun’ while representing his former client Stormy Daniels
In a new interview with Vanity Fair, Avenatti explained that he ‘never imagined’ that the Daniels case ‘would take on the magnitude that it did’.
‘I have said many, many times over the last year, this is either going to end really, really well, or really, really badly. I am most fearful of the fact that the rate of descent is greater than the rate of ascent.
‘Some would argue at this point that I flew too close to the sun. As I sit here today, yes, absolutely, I know I did. No question. Icarus,’ he added.
Avenatti was arrested in March after federal prosecutors said he threatened to expose that Nike improperly paid high school basketball players unless the company paid him up to $25million.
At the time, he was arrested on March 25 while walking in the newly opened Hudson Yards shopping mall. He told Vanity Fair that four FBI agents surrounded him.
‘Michael Avenatti?’ one agent asked. ‘Yes,’ he responded. ’FBI. You’re under arrest,’ they said.
The agents then pulled him aside and took his belongings. Avenatti said they even placed a large trench coat around his shoulders so they could handcuff him discreetly.
‘I told them I appreciated the fact that I wasn’t treated like Roger Stone,’ Avenatti told Vanity Fair, ‘and that CNN was not outside waiting for me’.
Avenatti was arrested on March 25 while walking in the newly opened Hudson Yards shopping mall (area pictured). He told said that four FBI agents discreetly surrounded him
‘I told them I appreciated the fact that I wasn’t treated like Roger Stone and that CNN was not outside waiting for me,’ Avenatti said. Unlike Avenatti, FBI agents raided Stone’s home (pictured) and arrested him on January 25
Stone (pictured in February) was charged with lying to Congress and witness tampering. But in Avenatti’s case, the FBI agents managed to get him out of the busy mall without being noticed and let him wait in a hidden area while one agent pulled a patrol car around
Stone was arrested by FBI agents in tactical gear as they raided his Florida home with guns drawn. Stone was charged with lying to Congress and witness tampering.
But in Avenatti’s case, the FBI agents managed to get him out of the busy mall without being noticed and let him wait in a hidden area while one agent pulled a patrol car around.
Once he was booked at the police station, Avenatti told Vanity Fair that he used his one phone call to dial-up his mother.
But she already knew what had happened after she tuned into the news and saw US attorney Geoffrey Berman, holding a press conference detailing Nike’s allegations against Avenatti.
‘You never want to call your mother and tell her that you’re in custody,’ he told the magazine.
‘And you especially don’t want to call and tell her you’re in custody when she’s already seen it all over the news because they’ve had a f**king press conference.’
Once he was booked at the police station, Avenatti (pictured on May 7) told said he used his one phone call to dial-up his mother. ’You never want to call your mother and tell her that you’re in custody,’ he said
‘But live by the sword, die by the sword,’ Avenatti added.
On Wednesday, federal prosecutors charged Avenatti with ripping off Daniels.
Avenatti, who helped set the political stage for Daniels’ high-profile crusade against Trump, is accused of misappropriating funds belonging to the ex adult film star amounting to nearly $300,000, prosecutors announced.
The 48-year-old is accused of forging Daniels’ signature which meant two payments of $148,750 were sent to a bank account under his control, which he then used for personal expenditure while lying to his client about the whereabouts of the money.
The indictment states that Daniels was owed four large installments in return for her tell-all book deal, which was negotiated and secured by Avenatti on her behalf.
Before the literary agent wired the second of four installments as part of the advance, Avenatti allegedly sent a forged letter instructing them to send all future payments to a client trust account, which was in Daniels’ name but controlled by him.
The literary agent then wired $148,750 to the account, which Avenatti allegedly began spending for his own purposes including on airfare, hotels, car services, restaurants and meal delivery and online shopping – as well as on the payroll for his law firm and another business he owned, the damning charging document states.
When Daniels began to question why she had yet received her second installment, Avenatti allegedly claimed to be in the process of obtaining the payment from the publishers.
One month later, he allegedly used funds recently received from another source to pay Daniels back in a bid to cover his tracks.
The following week, the third installment of of $148,750 allegedly reached his account, which he then began spending on lease payments on his luxury car, airfare, hotels, restaurants and even payments to someone he had a close relationship with.
On Wednesday, federal prosecutors charged Avenatti with ripping off his former client, Stormy Daniels (both pictured in January 2019). Avenatti is accused of misappropriating funds belonging to the ex adult film star amounting to nearly $300,000, prosecutors announced
Avenatti then claimed that the book publisher was refusing to make the payment, despite Daniels’ desperate demands for her missing funds.
He is charged with one count of wire fraud, which carries a maximum penalty of 20 years in prison, and one count of aggravated identity theft, which carries a mandatory prison term of two years.
On Wednesday, Avenatti told ABC News: ’No monies relating to Daniels were ever misappropriated or mishandled.
‘She received millions of dollars worth of legal services and we expended huge sums in expenses. She directly paid only $100.00 for all that she received,’ he said.
He has denied those allegations.
In April, Avenatti was accused of 36 counts of embezzlement, financial and bank fraud and bankruptcy fraud in Los Angeles. He has also denied those allegations.
He wrote: ‘I expect an indictment to issue from SDNY in the next 48 hrs charging me in connection with my arrest in March,’ the Tweet said.
‘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.’
A trial is scheduled for June 25.
One of the alleged victims is Geoffrey Ernest Johnson, a mentally ill paraplegic who won a $4million settlement from Los Angeles County in 2015 stemming from his jailhouse suicide attempts.
THE CHARGES AGAINST AVENATTI
10 counts of wire fraud
Avenatti allegedly committed wire fraud by lying to five clients about their settlements from cases he represented them in.
The total sum of the money he allegedly misappropriated is $12million.
He is accused of not only hiding their payments from them but spending the money himself on private planes, repaying the IRS and funding his own businesses between 2015 and 2017.
19 counts of tax fraud
Avenatti has not filed personal income tax returns since 2010, it is claimed.
Between 2015 and 2017, his coffee company Global Baristas US, did not pay $3.2million in federal payroll taxes.
More than $2million of that figure was withheld from staff pay checks and spent by Avenatti himself, it is alleged.
2 counts of bank fraud
The two bank fraud charges relate to the original indictment and claims he submitted bogus financial information to obtain three loans totaling $4.1 million from The People’s Bank in Mississippi.
The bogus information included a tax return that had never been sent to the IRS and him overstating his law firm’s resources when it was on the brink of bankruptcy.
One said his firm, Eagan Avenatti, had more than $500,000 in an operating account when it only had $43,000, it is claimed.
4 counts bankruptcy fraud
Three of the bankruptcy fraud charges allege that Avenatti submitted, under penalty of perjury, monthly operating reports that failed to report all of the firm’s accounts receivable in 2017.
Avenatti is charged with falsely testifying under oath during a June 2017 bankruptcy hearing by denying the firm had received any fees related to a lawsuit when Eagan Avenatti had actually received more than $1.3 million
New York case 1
Conspiracy to commit extortion
Avenatti allegedly attempted to extort Nike by saying he had information which incriminated it in a pay-for-play college basketball scandal this year.
He allegedly told the company that he would conduct an internal investigation for a $25million fee instead of exposing it.
Nike reported him.
New York case 2
Charged with misappropriating funds belonging to the ex adult film star Stormy Daniels to the tune of nearly $300,000.
Prosecutors said Avenatti hid the settlement from him for years and spent the money himself on his coffee business, Global Baristas US, and a race car team.
A grand jury indictment claimed that in 2017, Avenatti received $2.75million in a separate case but hid that from his client too.
The next day, he allegedly spent $2.5million of the money on a private plane. In one case, he allegedly lied about already wiring a client $4million, saying he had done it when he had not.
Avenatti is also accused of failing to file personal tax returns since 2010 and depositing millions of dollars into his personal bank accounts.
He also failed to file returns, it is claimed, for his law firms, Eagan Avenatti and Avenatti & Associates.
Not only did not not file his own returns but he allegedly stole $2.4million in taxes from the paychecks of employees of his coffee business.
He withheld it from them, claiming they were going to the IRS, but never sent the money, it is claimed.
The lawyer, who is free on $300,000 bond, has denied the charges, saying he had made powerful enemies and would plead not guilty and fight the case.
‘The right to a presumption of innocence and the right to a jury trial are two fundamental rights that our founding fathers demanded when this country was formed over 200 years ago,’ he said in a statement before the April hearing.
- 24 hours in the life and death of a besieged New York City amid coronavirus pandemic
- Coronavirus live updates: Expert says US daily death toll likely at its peak
- From the files: Isle used for virus burials has long history
- Kara Swisher Is Silicon Valley’s Most Feared and Well-Liked Journalist. How Does That Work?
- Coronavirus live updates: Four new cases at SF’s huge Laguna Honda nursing home
- A New Career in a New Town: Finding David Bowie's Berlin
- Woody Allen: The Rolling Stone Interview
- NYC island used to bury unclaimed coronavirus victims has long history of "stories that are not told"
- New Jersey Governor Phil Murphy on Wawa Morgue Trucks, Trump and the Terrifying New Normal
- Drew Henson, the greatest athlete that never was, has a new sports dream
- Coronavirus live updates: More deaths in US than anywhere else
- Coronavirus live updates: $1,000 fines for shelter-in-place violations in Santa Cruz
- Decades before coronavirus, a San Franciso AIDS conference changed Dr. Fauci’s life
- Corona Chronicles: ‘Tiger King,’ Joseph Gordon-Levitt’s Creative Spark and a Singer Faces Backlash After Testing Positive
- Coronavirus live updates: California lends 500 ventilators to other states
- A Management Company Emailed Hundreds Of Tenants, Demanding They Pay The Rent. It Backfired.
- Please don’t repeat these things WikiLeaks says you can’t say about Assange [Updated]
- FMIA: 2020 Draft Rounds Into Focus; NFL People Show Lives In Quarantine
- IN CONVERSATION: JOHN OLIVER
- David Cameron at the Leveson inquiry - as it happened
'I told cops I appreciated the fact that I wasn't treated like Roger Stone': How Michael Avenatti was discreetly arrested at New York's Hudson Yards mall, used his one phone call to contact his mother and admits 'I flew too close to the sun' have 2094 words, post on www.dailymail.co.uk at May 23, 2019. This is cached page on Talk Vietnam. If you want remove this page, please contact us.