Lawyer Michael Avenatti charged: Live updates – CNN

Nick Hanna, US attorney for the Central District of California

Nick Hanna, US attorney for the Central District of California, spoke at the press conference on Monday afternoon, describing “a series of allegations that paint an ugly picture of lawless conduct and greed.”

Avenatti, who is charged in California for wire fraud and bank fraud, was “a corrupt lawyer who instead fights for his own selfish interests by misappropriating close to a million dollars that rightfully belonged to one of his clients,” Hanna said.

Avenatti allegedly used those embezzled funds to pay expenses at his coffee business, Global Baristas US LLC, which prosecutors said operates Tully’s Coffee stores in California and Washington.

Avenatti also allegedly secured bank loans worth millions of dollars by submitting false personal income tax returns, never filed federal income tax returns for years, and never paid the federal income tax reflected on the false returns, Hanna said.

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