Federal prosecutors in New York have charged Michael Avenatti with attempting to extort more than $20 million from Nike by threatening to release damaging information about the company. In addition, federal prosecutors in California indicted Avenatti with separate charges of bank and wire fraud. “Attorney Michael Avenatti was arrested today pursuant to a criminal complaint alleging he embezzled a client’s money in order to pay his own expenses and debts—as well as those of his coffee business and law firm—and also defrauded a bank by using phony tax returns to obtain millions of dollars in loans,” the US Attorney’s Office for the Central District of California wrote in a statement on Monday. Avenatti is best known for representing the adult film actress Stormy Daniels in her lawsuit against President Donald Trump.