Michael Avenatti indicted for Nike extortion

Prosecutors in Manhattan accused Avenatti, 48, of stealing about $300,000 from Daniels, the client who made him famous, to fund an extravagant lifestyle including a Ferrari automobile, after helping her secure a book contract.The Nike indictment concerns charges announced in March that Avenatti tried to extort more than $20 million from the athletic wear company by threatening to expose what he called its improper payments to recruits for college basketball teams it sponsored.

Avenatti also faces dozens of charges in southern California, where prosecutors on April 11 accused him of stealing millions of dollars from clients to pay for personal and business expenses, and lying to the Internal Revenue Service and a Mississippi bank about his finances.If convicted on all charges, Aven…