From CNN:
A federal grand jury in Manhattan indicted celebrity attorney Michael Avenatti on Wednesday in two alleged schemes, charging him with fraud and aggravated identity theft involving his former client, Stormy Daniels, and with attempting to extort more than $20 million from sportswear giant Nike.
Prosecutors charged Avenatti, 48, with stealing about $300,000 of Daniels' advance for her book contract, according to court papers, and using that money to pay employees of his law firm and a coffee business he owned. Daniels isn't named in the indictment, but she is the individual referred to as "Victim-1," according to a person familiar with the matter.
To date, according to the indictment, Avenatti has failed to repay Daniels about half of the sum he allegedly stole from her.
With Wednesday's charges, Avenatti has faced federal indictment three times over the course of about six weeks.
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