Michael Avenatti charged with attempting to extort Nike for $20 million

Details are sketchy at this point, but The New York Times reports federal prosecutors in New York have charged attorney Michael Avenatti, the lawyer who represented Stormy Daniels, with attempting to force Nike to pay him $20 million by threatening to damage the company's reputation on his social media accounts.

From The New York Times:

In court documents filed Monday, prosecutors in the United States District for the Southern District of New York said that Avenatti and a client, a former A.A.U. basketball coach, said they had evidence that Nike employees had funneled money to recruits in exchange for their commitments to college teams sponsored by Nike and that they would release them in order to damage Nike's reputation and market capitalization unless Nike paid them at least $22.5 million.

Image: JStone/Shutterstock