Michael Avenatti is accused of embezzling $2.5 million from an NBA player, report says


Attorney Michael Avenatti is accused of embezzling $1.5 million from Miami Heat player Hassan Whiteside in 2017, the Los Angeles Times reported on Sunday.
Whiteside had wired Avenatti $2.75 million in January 2017 to cover the majority of a $3 million settlement with his ex-girlfriend, Alexis Gardner, who Avenatti was repping at the time.
Prosecutors alleged that Avenatti told Gardner the payment only covered his share of the legal fees and that her settlement would come in 96 smaller monthly installments.
Avenatti was entitled to $1 million in legal fees, but instead took $2.5 million and put it toward a private jet, prosecutors alleged.

Read Full News : https://worldfoxnews.com/2019/04/22/michael-avenatti-accused-embezzling-2-5-million-nba-player-report-says/

Read More Breaking news : Business News

Comments

Post a Comment

Popular posts from this blog

FDA approves new drug for women with low sexual desire disorder

Health News : The US Food and Drug Administration approved a drug to return sexual desire to some women with low libido, the agency said Friday. The drug, bremelanotide, sold under the brand name Vyleesi by AMAG Pharmaceuticals, is an injection to be taken before sex. It’s intended to treat women who are premenopausal and have hypoactive sexual desire disorder, where a lack of interest in sex may cause significant distress in a woman’s life. It will be available in September, and the company has not yet determined pricing or reimbursement information, according to AMAG spokeswoman Sarah Connors. “Most women who come into my office have no idea that there’s this condition … and that they are one of millions,” said Sheryl Kingsberg, division chief of Behavioral Medicine at University Hospitals Cleveland Medical Center. Kingsberg was involved in the drug’s clinical trials and has served as a paid consultant for the companies responsible for its marketing and development, AM...
Read more

Maduro displays military power in Independence Day celebration

Today World News : Venezuela’s President Nicolás Maduro presented a grand military parade on Friday to mark his country’s independence day, basking in his power as commander in chief. Maduro applauded and pumped his fist as soldiers marched past, tanks rolled by and fighter jets rushed over at a Caracas military base. A unit of camouflaged special forces, with their weapons drawn, shouted their loyalty as they paraded by the presidential viewing stand. “We look to the heavens, asking for peace,” Maduro said. “All the while our military exercises play out. We plead to God with our missiles pointed.” The parade demonstrated the military’s continuing support for Maduro despite a political standoff with opposition leader Juan Guaidó. Known for using brutal tactics to crush his opponents, Maduro has come under intense criticism from not only Guaidó but also leaders of other nations, including the United States, who all support the opposition leader’s efforts in ousting Mad...
Read more

General election risks ‘killing Brexit’, Matt Hancock warns

Theresa May’s successor as prime minister should not call a general election until Brexit is completed, a cabinet minister has warned. Health Secretary Matt Hancock said an early election risked losing to Labour and “killing Brexit altogether”. His comments come after cross-party talks aimed at breaking the impasse collapsed on Friday. Meanwhile, a poll of Tory members for The Times puts Boris Johnson as the favourite to succeed Mrs May. Mr Hancock told the Daily Telegraph it would be a “disaster” to call a general election before the UK had left the EU as “people don’t want it”. He added: “We need to take responsibility for delivering on the referendum result.” “Who knows what the outcome of a general election would be under these circumstances? A general election before that not only risks Jeremy Corbyn, but it risks killing Brexit altogether.” Mrs May has promised to set a timetable for leaving Downing Street following a House of Commons vote on her EU Wi...
Read more