Michael Avenatti is found guilty in federal court on all 3 counts in his Nike extortion trial
Prosecutors said the lawyer threatened to publicly accuse athletic apparel maker Nike of illicitly paying amateur basketball players unless the company paid him millions of dollars. The government said Avenatti also betrayed his client, a youth basketball coach who made the allegations against Nike, by advocating for money for himself instead of the client.
Avenatti addresses extortion and fraud allegations 13:05Nike lawyers who took the stand during the trial said Avenatti told them he would hold a press conference claiming the company illegally paid players. In exchange for not going public, Avenatti told the lawyers in one meeting Nike would have to pay Franklin $1.
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