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Tags: avenatti | fraud

Avenatti Gets 14 Years for Fraud Scheme

Avenatti Gets 14 Years for Fraud Scheme
Michael Avenatti (Getty Images)

Monday, 05 December 2022 04:40 PM EST

Incarcerated lawyer Michael Avenatti was sentenced in Southern California on Monday to 14 years in prison and ordered to pay $7 million in restitution after admitting he cheated four of his clients out of millions of dollars.

The sentence should run consecutively to the five-year prison term he is currently serving for separate convictions in New York, U.S. District Judge James V. Selna said during a hearing in Santa Ana, California.

Avenatti pleaded guilty earlier this year to four counts of wire fraud and a tax-related charge without reaching a plea deal with federal prosecutors, saying he wanted to be accountable and spare his family further embarrassment. He was accused of negotiating and collecting settlement payments on behalf of his clients and instead funneling the money to accounts he controlled.

Before sentencing, Avenatti apologized to the four victims in the case, three of whom were in the courtroom.

Avenatti pleaded guilty earlier this year to four counts of wire fraud and a tax-related charge without reaching a plea deal with federal prosecutors, saying he wanted to be accountable and spare his family further embarrassment. He was accused of negotiating and collecting settlement payments on behalf of his clients and instead funneling the money to accounts he controlled.

Before sentencing, Avenatti apologized to the four victims in the case, three of whom were in the courtroom.

The government dropped all other remaining charges against Avenatti stemming from a 36-count indictment.

Avenatti is currently serving time in a Southern California prison on two separate cases. He was convicted of stealing book proceeds from Stormy Daniels, the porn actor who catapulted him to fame as he represented her during her legal battles with then-President Donald Trump, and of trying to extort Nike if the shoemaker didn’t pay him up to $25 million.

The government dropped all other remaining charges against Avenatti stemming from a 36-count indictment.

Avenatti is currently serving time in a Southern California prison on two separate cases. He was convicted of stealing book proceeds from Stormy Daniels, the porn actor who catapulted him to fame as he represented her during her legal battles with then-President Donald Trump, and of trying to extort Nike if the shoemaker didn’t pay him up to $25 million.

© Copyright 2023 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


US
Incarcerated lawyer Michael Avenatti was sentenced in Southern California on Monday to 14 years in prison and ordered to pay $7 million in restitution after admitting he cheated four of his clients out of millions of dollars.
avenatti, fraud
373
2022-40-05
Monday, 05 December 2022 04:40 PM
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