Tags: michael avenatti | irs | millions

Daily Beast: Avenatti Lived Large, Yet Owes Millions to IRS

michael avenatti speaks during a conference
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By    |   Monday, 22 October 2018 12:00 PM

Democratic operative lawyer Michael Avenatti "enjoyed the luxe life" while he owed millions to the IRS and in state, and local taxes, according to The Daily Beast on Monday.

"Civil court filings paint a picture of Avenatti as a hard-charging attorney who enjoyed the luxe life — jetting around the world to race cars with a Saudi prince and treating his wife and their friends to luxury villas in Cabo San Lucas, Mexico," The Daily Beast's Kate Briquelet wrote. 

"Yet, he and his companies owed hundreds of thousands in unpaid taxes and in compensation to one former colleague, who claims Avenatti stiffed him out of millions in law-firm profits.

"A review of court documents reveals that Avenatti, his former law firm Eagan Avenatti, and his former company Global Baristas, the majority owner of the Seattle-based Tully’s coffee chain, have owed millions in unpaid federal and state taxes in Washington and California, as well as hundreds of thousands in past-due rent to landlords."

Avenatti, who has designs on a 2020 presidential run against President Donald Trump, was asked by CNN in July about his tax liens and money issues – including a then-unpaid $2.4 million tax bill – but he pivoted to yet another shot at Trump before talking about his own political aspirations.

"You know, look, I'll be happy to put my tax records and background up against the president’s background and his tax records," Avenatti told CNN. "Of course, he won't release any of that information."

Also, in court documents from divorce proceedings filed in January, Avenatti's second wife, Lisa Storie-Avenatti, outlined just how lavishly the couple lived.

"Petitioner and I enjoyed a very extravagant marital lifestyle," Storie-Avenatti claimed to the court. "In October 2011, we bought a home in Laguna for $7.2 million and sold it in September 2015 for $12.6 million.

". . . We traveled extensively throughout the world, and, when not flying privately, we always flew business class and stayed at five-star hotels . . . I had unfettered use of credit cards that were in my name. My American Express bill was historically on average of $60,000 to $70,000 per month, and was paid in full each month."

The couple was separated in October 2017, and she claims she and their 3-year-old son were cut off financially from her now ex-husband. A judge ruled in July she would be paid $31,981 per month in child support, and $124,398 per month in spousal support.

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Democratic operative lawyer Michael Avenatti "enjoyed the luxe life" while he owed millions to the IRS and in state, and local taxes.
michael avenatti, irs, millions
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2018-00-22
Monday, 22 October 2018 12:00 PM
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