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Celebrity Lawyer Arrested For Extortion Scheme Against Nike

  • CNBC, Tuesday, March 26, 2019 5:06 PM
Michael Avenatti was arrested on charges of trying to extort up to $25 million from Nike by threatening to reveal damaging claims about the sneaker giant, including that company employees authorized payments to the families of top high school basketball players. Nike stock prices were down following the news.

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