Avenatti Accused of Using Stormy Daniels's Book Cash for Car
- Lawyer indicted on fraud, identity theft charges in New York
- Indictment also alleges he tried to extort millions from Nike
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Michael Avenatti’s legal troubles deepened after the embattled lawyer was indicted on charges of fraud and aggravated identity theft for allegedly stealing the advance on a book deal from the porn actress Stormy Daniels, his most famous client, and using the money on personal expenses like a monthly car payment on a Ferrari.
The indictment by a federal grand jury, announced Wednesday by prosecutors in Manhattan, also charges Avenatti with extorting millions of dollars from Nike Inc., an allegation first made in March when the attorney was arrested outside the New York offices of the shoemaker’s law firm.