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Avenatti slams Nike after extortion arrest

Prosecutors say Avenatti approached Nike last week and threatened to expose damaging information unless the company paid him up to $25 million.

Posted: Mar 26, 2019 7:43 AM
Updated: Mar 26, 2019 7:48 AM

NEW YORK -- High profile attorney Michael Avenatti is out of jail on a $300,000 bail, one day after he was arrested and charged with trying to extort millions of dollars from Nike.

In a tweet on Tuesday, the lawyer accused Nike of "trying to divert attention from their own crimes."

U.S. Prosecutors say Avenatti tried to get $25 million from Nike last week, by threatening to expose rules violations involving an amateur youth team sponsored by the company. 

Nike wouldn't answer questions but said it has been cooperating with a federal investigation into NCAA basketball for a year, according to the Associated Press. 

In a string of tweets, Avenatti denied that the company was cooperating "unless you count lying in response to subpoenas and withholding documents as 'cooperating.'" 

He said "Nike's attempt at diversion and cover-up will fail miserably."

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