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  1. #21
    Join Date
    Feb 2007
    Location
    Washington, D.C.

    Possible explanation

    Quote Originally Posted by uh_no View Post
    the more i think/read about this, the more it seems like the most likely story here is he had no scoop...and figured he'd slander Nike to extort money.

    If you DID have a scoop, why would you try to extort? And if there WAS a story, why wouldn't nike come to a hush-hush arrangement instead of blowing this up?

    Wonder if he also sold a metric ton of one-week calls on Nike as well...
    Just representing some AAU coach in a claim against Nike wouldn’t be financially lucrative. I don’t know what the coach’s claim would be.

    But if Nike were to agree to Avenatti’s proposal, that’s serious money.

  2. #22
    Join Date
    Oct 2009
    Location
    Durham
    Quote Originally Posted by MChambers View Post
    Just representing some AAU coach in a claim against Nike wouldn’t be financially lucrative. I don’t know what the coach’s claim would be.

    But if Nike were to agree to Avenatti’s proposal, that’s serious money.
    so here's the thought.

    if the claims are true:

    nike pays the guy off, or makes some deal with him...and tells him otherwise he's going to prison

    if the claims are false:
    nike just sends him to prison

    I don't see a win for nike here by sending him to prison if his claims are true...since it'll all come out under oath anyway
    1200. DDMF.

  3. #23
    Join Date
    Mar 2010
    Location
    Cincinnati
    Quote Originally Posted by uh_no View Post
    the more i think/read about this, the more it seems like the most likely story here is he had no scoop...and figured he'd slander Nike to extort money.

    If you DID have a scoop, why would you try to extort? And if there WAS a story, why wouldn't nike come to a hush-hush arrangement instead of blowing this up?

    Wonder if he also sold a metric ton of one-week calls on Nike as well...
    It sounds like there was something to it but that Nike had either already reported it to federal prosecutors or did so as soon as Avenatti informed them of it. According to Nike:

    "Nike has been cooperating with the government’s investigation into NCAA basketball for over a year. When Nike became aware of this matter, Nike immediately reported it to federal prosecutors. When Mr. Avenatti attempted to extort Nike over this matter, Nike with the assistance of outside counsel at Boies Schiller Flexner, aided the investigation.”

  4. #24
    Join Date
    Feb 2007
    Location
    Santa Cruz CA
    I had not paid much attention to Avenatti being in the news, but it didn't take me too long to figure out he is someone that seems to have a bad cloud following him around. Anybody that hires him is either desperate or hasn't done their homework. https://www.seattletimes.com/seattle...to-bankruptcy/

  5. #25
    Quote Originally Posted by BigWayne View Post
    I had not paid much attention to Avenatti being in the news, but it didn't take me too long to figure out he is someone that seems to have a bad cloud following him around. Anybody that hires him is either desperate or hasn't done their homework. https://www.seattletimes.com/seattle...to-bankruptcy/
    he is beneath pond scum....arrogant, vain self promoting liar and hustler....

  6. #26
    Join Date
    Mar 2010
    Location
    Cincinnati
    Furthermore, Avenatti had to be insane to think that Nike would agree to be extorted by him. Nike can call this just a group of rogue Nike employees and say that with the internal controls now in place it could never happen again. On the other hand, if they got caught paying hush money to Michael Avenatti, alias Creepy Porn Lawyer, thereby incorporating his image into the Nike brand, that’s when their market capitalization would take a dramatic and permanent hit. Once they pay him he owns them, and he thought they would go for this? There’s a screw loose.

    After Avenatti tweeted Monday that on Tuesday he was going to disclose a “major high school/college basketball scandal” Nike stock fell about 1% but then on news of Avenatti’s arrest it mostly recovered. Nike shares are up more than 10% year to date.

  7. #27
    Join Date
    Mar 2010
    Location
    Cincinnati
    Hold the phone. Maybe we’ve been too hasty. Avenatti says that he is innocent and will be exonerated:

    "As all of you know," Avenatti told reporters, "for the entirety of my career, I have fought against the powerful; powerful people and powerful corporations. I will never stop fighting that good fight. I am highly confident that when all of the evidence is laid bare in connection with these cases, when it is all known, when due process occurs, that I will be fully exonerated and justice will be done."

  8. #28
    Join Date
    Jul 2008
    Location
    Honolulu
    Quote Originally Posted by swood1000 View Post
    It sounds like there was something to it but that Nike had either already reported it to federal prosecutors or did so as soon as Avenatti informed them of it. According to Nike:
    I like how Nike's outside counsel name dropped their firm in the statement they prepared for Nike.

  9. #29
    is this guy the dumbest "smart" person ever? First you tick off the president of the US, who regardless of what one might think of him is a vengeful guy with plenty of supporters in an organization like the FBI, then you tackle a multi-billion dollar corporation. Mike's just lucky we aren't in Russia. And could this work out any better for Nike? It would be the least surprising thing ever if they were also engaging in the usual industry practices of the sneaker promotion industry and now they will 1. look like the good guys 2. whatever is found will be discounted in the public mind by the extortion charge. It's so good for them that if I were a conspiracy theorist, I'd wonder if they have a secret arrangement with Avenatti, like he pretends to extort them and they slip him a couple of hundred million after the dust settles and he can retire to a tropical island somewhere.

  10. #30
    Join Date
    Feb 2008
    Location
    Oregon
    Quote Originally Posted by bedeviled View Post
    Per this purported US vs Avenatti complaint, Avenatti was representing a client who perhaps solicited Avenatti's services.


    (The players were not specified in this document)
    According to the linked document, Avenatti's phone calls and meetings where he extortedNike were recorded - with permission. Avenatti has to be the world's dumbest lawyer.

    By the way, it's weird that the linked document includes repeated references to a co-conspirator (another lawyer), who participated in the phone calls and meetings. Why would this person not be named and similarly charged?

  11. #31
    Join Date
    Mar 2016
    Location
    The Beach
    Quote Originally Posted by duke79 View Post
    https://nypost.com/2019/03/25/michae...20m-from-nike/

    Some more details about what Mr. Avenatti may have been trying to do. I, for one, would NOT believe a SiNGLE thing he alleges, on anything!
    ... And Mark Geragos is reportedly involved. Another guy that doesn't come across as slimy as Avenatti, but does come across as someone with a giant ego as well. Let the feds sort these two goobers out and effectively ( hopefully) erase their names from the media once this is all said and done.... Until Avenatti writes a book. Which is more than likely coming at some point after the year he's had.

  12. #32
    Join Date
    Sep 2007
    Location
    Undisclosed
    Quote Originally Posted by rocketeli View Post
    is this guy the dumbest "smart" person ever?
    Pride goeth before the fall.

  13. #33
    Quote Originally Posted by rocketeli View Post
    is this guy the dumbest "smart" person ever? First you tick off the president of the US, who regardless of what one might think of him is a vengeful guy with plenty of supporters in an organization like the FBI, then you tackle a multi-billion dollar corporation. Mike's just lucky we aren't in Russia. And could this work out any better for Nike? It would be the least surprising thing ever if they were also engaging in the usual industry practices of the sneaker promotion industry and now they will 1. look like the good guys 2. whatever is found will be discounted in the public mind by the extortion charge. It's so good for them that if I were a conspiracy theorist, I'd wonder if they have a secret arrangement with Avenatti, like he pretends to extort them and they slip him a couple of hundred million after the dust settles and he can retire to a tropical island somewhere.
    I think Avenatti is simply audacious...and the consummate narcissist and self promoter. Such traits, like the audacity, can open a lot of doors in the short run. But now it's backfired on him several times in the past months. He's now a national joke....for someone like him, the only thing worse than being ignored is being mocked. He's made that so easy now.

  14. #34
    Join Date
    Feb 2007
    Location
    Hot'Lanta... home of the Falcons!
    Avenatti is a joke and this whole thing makes him look just awful, but one has to admit there is a very fine line between extortion and a settlement negotiation. If he prepared a legal action against Nike on behalf of that AAU coach, he may have a winning argument there.

    Of course, there is also the misappropriation of client finds as well as the bank and wire fraud to deal with.

    -Jason "dude is probably losing his law license and making license plates in the near future" Evans
    Why are you wasting time here when you could be wasting it by listening to the latest episode of the DBR Podcast?

  15. #35
    Quote Originally Posted by JasonEvans View Post
    Avenatti is a joke and this whole thing makes him look just awful, but one has to admit there is a very fine line between extortion and a settlement negotiation. If he prepared a legal action against Nike on behalf of that AAU coach, he may have a winning argument there.

    Of course, there is also the misappropriation of client finds as well as the bank and wire fraud to deal with.

    -Jason "dude is probably losing his law license and making license plates in the near future" Evans
    I am not sure how many settlement negotiations you have participated in, but they are way different than an extortion attempt. The dynamics are quite different. The amount of shared information is different and the parties positions are different. Conflating the two is weak sauce.

  16. #36
    Join Date
    Feb 2008
    Location
    New Bern, NC unless it's a home football game then I'm grilling on Devil's Alley
    There is an article on Yahoo by Dan Wetzel with some valid points.

    Michael Avenatti’s arrest doesn’t erase the fact he may have dirt on college basketball
    The circle of sleaze here is dense, but that’s the world college basketball has created for itself. The NCAA tournament is supposed-to-be this purified bit of Americana, but the underbelly is far too robust due to amateurism rules that create a black market for people to exploit and then allegedly others to exploit by blackmailing the initial exploiters.

    “A suit and tie doesn’t mask the fact that at its core this was an old-fashioned shake down,” U.S. Attorney Geoffrey Berman said Monday.

    He was speaking about Avenatti. He could have been speaking about a lot of well-dressed college administrators and basketball coaches, as well.
    https://www.yahoo.com/sports/michael...224255687.html
    Q "Why do you like Duke, you didn't even go there." A "Because my art school didn't have a basketball team."

  17. #37
    Join Date
    Nov 2010
    Location
    NYC
    Quote Originally Posted by JetpackJesus View Post
    I like how Nike's outside counsel name dropped their firm in the statement they prepared for Nike.
    David Boies may like the limelight more than Avanatti.

    --Boies may be doing some PR work for himself after how badly he looked in that recent HBO Elizabeth Holmes (Theranos) documentary.

  18. #38
    Join Date
    Feb 2007
    Location
    Washington, D.C.

    Nope

    Quote Originally Posted by JasonEvans View Post
    Avenatti is a joke and this whole thing makes him look just awful, but one has to admit there is a very fine line between extortion and a settlement negotiation. If he prepared a legal action against Nike on behalf of that AAU coach, he may have a winning argument there.

    Of course, there is also the misappropriation of client finds as well as the bank and wire fraud to deal with.

    -Jason "dude is probably losing his law license and making license plates in the near future" Evans
    Not if Avenatti was insisting that one term of the settlement be that Nike hire Avenatti to conduct a $20 million internal investigation. That benefits Avenatti, not his client. No way that just a settlement negotiation.

  19. #39
    Avenatti this morning specifically named DeAndre Ayton as someone that received payments from Nike through is AAU program. The ambulance chaser appears to be representing the AAU coach of Cal Supreme (no Duke connections as far as I can tell, for what it is worth). it seems that Nike severed its relationship with the AAU coach and now he is naming names.

  20. #40
    Join Date
    Feb 2007
    Location
    Raleigh
    Quote Originally Posted by JasonEvans View Post
    Avenatti is a joke and this whole thing makes him look just awful, but one has to admit there is a very fine line between extortion and a settlement negotiation. If he prepared a legal action against Nike on behalf of that AAU coach, he may have a winning argument there.

    Of course, there is also the misappropriation of client finds as well as the bank and wire fraud to deal with.

    -Jason "dude is probably losing his law license and making license plates in the near future" Evans
    I'd like to place an order, please:

    BN-XR204_0228GT_574V_20180228113736.jpg
    [redacted] them and the horses they rode in on.

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