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Thread: Nike Extortion Bust

  1. #1
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    Default Nike Extortion Bust

    Lawyer Michael Avenatti busted for trying to extort $22M from Nike in exchange for him concealing Nike payments to college recruits. Avenatti also happens to be Stormy Daniels' lawyer.

    https://www.nytimes.com/2019/03/25/s...mentsContainer
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  2. #2
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    Quote Originally Posted by kitzbuel View Post
    Lawyer Michael Avenatti busted for trying to extort $22M from Nike in exchange for him concealing Nike payments to college recruits. Avenatti also happens to be Stormy Daniels' lawyer.

    https://www.nytimes.com/2019/03/25/s...mentsContainer
    About a week ago, I saw Avenatti's post on Twitter advertising that he was going to be holding a press conference the following day, in which he was going to be exposing Nike. I went to look it up the next day and the extortion charges broke that day. Based on the little that I read, he seems like a complete idiot.

  3. #3
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    https://www.newsobserver.com/sports/...239923003.html

    Nike consultant testifies players were paid; shoe company lawyer doesn’t deny it

    Nike continues to be linked to the dark underbelly of college basketball recruiting at the trial of attorney Michael AvenattI.

    Monday, the fourth day of the trial, a business consultant testified that the Swoosh directed payments to the families and handlers of high school basketball players, and a Nike attorney did not deny the company had made payments to players.

    “I’ve never told the government there was no evidence of Nike making payments to players,” Nike attorney Scott Wilson testified Monday.

  4. #4
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    Bloomberg and other media outlets (WSJ, etc.) all have in-depth stories about Nike and the allegations that it has paid off players, their parents, handlers, etc. at the direction of Nike Executives who are still employed there. Seems interesting that in the face of this knowledge, the U.S. Attorney’s Office for the Southern District of New York doesn’t appear to be interested in prosecuting Nike like they did Adidas. They apparently complained to the Court on Monday that Nike wasn’t the defendant on trial. Makes one wonder what kind of defense did they expect.

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