Michael Avenatti Convicted on Wire Fraud Charges

Michael Avenatti has been found guilty of charges of wire fraud and aggravated identity theft related to allegations he swindled his former client, adult film star Stormy Daniels.

Avenatti was accused of pocketing nearly $300,000 from adult Daniels’ $800,000 advance for her autobiography, “Full Disclosure,” in 2018. Prosecutors accused him of using fake documents to make it appear as though Daniels approved of her book proceeds going into a bank account controlled by him.

Fox Business reports:

Avenatti, who represented himself during the trial, told jurors during closing arguments on Wednesday that he and his firm had spent millions of dollars “to the benefit of Ms. Daniels” and that he had a “good faith belief” that he was entitled to a “reasonable percentage” of proceeds after being “instrumental” in securing and finalizing her book deal.

“I was her advocate, I was her champion. I put everything on the line. I wanted to help her,” Avenatti said. “According to the government, Michael Avenatti could never have believed that he had the right to be paid. That is ludicrous, and it is not supported by the evidence.”

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