“Specifically, the Government presently estimates that the defendant’s debts at that time were, conservatively, in excess of $15 million,” prosecutors said in a filing late on Tuesday in the U.S. District Court for the Southern District of New York. In a statement to Reuters late on Wednesday, Avenatti denied those claims and dismissed them as “bogus”. Last week, Avenatti, 48, pleaded not guilty to an indictment accusing him of trying to extort up to $25 million from Nike by threatening to go public with claims the company made improper payments to athletes. …read more
Source:: Yahoo Finance
