On March 25, 2019, Avenatti was arrested in New York City, and federal prosecutors in the
Southern District of New York announced that they were charging Avenatti with attempting to
extort up to $25 million from U.S. athletic apparel and shoe company
Nike by threatening to make damaging charges against the company.[110][111] Avenatti allegedly claimed that Nike improperly made payments to families of high school basketball players.[112] The arrest came about 15 minutes after Avenatti announced he would be holding a press conference the next day, at which he claimed he would reveal information about a high school and college basketball scandal involving Nike.
[74]
During the afternoon of March 25, Avenatti and an unnamed co-conspirator were scheduled to meet with lawyers from Nike, at which prosecutors allege he would have offered to cancel the press conference in exchange for payment.
[74] Avenatti's suspected co-conspirator was identified as
Mark Geragos.
[111] Avenatti was released on a $300,000 bond that evening.
[113]
On February 14, 2020, Avenatti was found guilty on all three counts related to the attempted extortion of Nike.
[114] He faced potentially more than 40 years in prison.
[2][8] On July 8, 2021, Judge
Paul G. Gardephe sentenced him to 30 months in prison.
[9]