A lawyer for Michael Avenatti told a jury that Nike Inc was being probed by the ...
- A lawyer for Michael Avenatti told a jury that Nike Inc was being probed by the U.S. Securities and Exchange Commission over claims that it made illicit payments to elite youth basketball players, Bloomberg reported on Wednesday.
The SEC investigation on Nike was confirmed by Scott Wilson, a former lawyer who represented Nike, on the witness stand, Bloomberg said. He is also charged with defrauding his client Gary Franklin, a coach in a Nike-sponsored youth basketball league, by concealing a settlement offer made by Nike, and using the coach’s accusations to extract riches for himself.Avenatti became famous for representing adult film actress Stormy Daniels in lawsuits against U.S. President Donald Trump.
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