Avenatti Arrested for $20 Million Extortion Scheme

Celebrity lawyer Michael Avenatti has been arrested on charges related to an alleged $20 million extortion of the athletic apparel company Nike, CNBC reports.

Avenatti also is charged in a separate federal case out of Los Angeles, where he is accused of embezzling a client’s money “in order to pay his own expense and debts,” and of “defrauding a bank in Mississippi,” prosecutors said.