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US Attorney Releases Details Of Michael Avenatti's Alleged Nike Scheme

notable attorney michael avenatti

NEW YORK, NY - APRIL 13: Michael Avenatti, attorney for Stormy Daniels, speaks to reporters following a court proceeding regarding the search warrants served on President Donald Trump's longtime personal attorney Michael Cohen, at the United States District Court Southern District of New York, April 13, 2018 in New York City. Cohen and his lawyers are asking the court to block Justice Department officials from reading documents and materials related to his relationship with President Donald Trump that they believe should be protected by attorney-client privilege. Officials with the FBI, armed with a search warrant, raided Cohen's office and two private residences earlier in the week. (Photo by Drew Angerer/Getty Images)

If you need any more proof we live in the wildest time, consider one of the major stories in the sports world today. It includes lawyer Michael Avenatti and an alleged extortion scheme involving Nike.

Earlier today, Avenatti tweeted that he was planning on holding a press conference tomorrow to unveil a “major” college basketball scandal. Avenatti claimed the scandal reached to the "highest levels" of Nike and included big-name college basketball programs and coaches.

Shortly after Avenatti teased his big announcement, he was arrested for allegedly trying to extort $20 million from Nike. Now, we have more background on what Avenatti is accused of doing.

The US Attorney in the Southern District of New York released details of Avenatti's alleged attempt to blackmail Nike. Apparently, all of this transpired over a three-day period last week.

Basically, Avenatti wanted Nike to pay up or he was going to accuse them of being involved in the ongoing college basketball bribery scandal.

In addition to being arrested in New York, Avenatti is also facing federal charges in California "pursuant to a criminal complaint alleging he embezzled a client's money in order to pay his own expenses and debts -- as well as those of his coffee business and law firm -- and also defrauded a bank by using phony tax returns to obtain millions of dollars in loans."

He faces a maximum of 50 years in prison if convicted.