Avenatti Avoided Paying Taxes for Decade, Says IRS
According to Avenatti's California indictments – separate from his New York charges – he allegedly embezzled money from clients to help cover the costs of his expenses. (Fox News)
Avenatti, who once represented adult-film star, Stormy Daniels, before she dropped him, is currently facing almost 100 years in prison stemming from charges in two separate cases.
Federal prosecutors in New York accused the hotshot lawyer on Monday of operating “an old-fashioned shakedown” after trying to extort about $25 million from sports apparel giant Nike “by threatening to use his ability to garner publicity to inflict substantial financial and reputational harm on the company if his demands were not met.”
In California, He was also charged with wire fraud and bank fraud, following a lengthy investigation by the authorities.
But the legal problems for Avenatti don’t end here – he’s been accused by tax authorities of failing to pay millions of dollars in income tax and through his company. The authorities began pursuing the lawyer nearly a decade ago.