Looks like lawyer Michael Avenatti has a bit of a money management problem - from the Los Angeles Times:
Law firm of Stormy Daniels' attorney hit with $10-million judgment
The law firm of adult film star Stormy Daniels' attorney, Michael Avenatti, was hit with a $10-million judgment Tuesday in U.S. Bankruptcy Court after he broke his promise to pay $2 million to a former colleague.
And it's not just the $2M
At the hearing, the U.S. Justice Department revealed that Avenatti has also defaulted on just over $440,000 in back taxes, penalties and interest that he had personally promised to pay the Internal Revenue Service under another bankruptcy settlement for his law firm.
This is the same attention-grabbing moke who gutted Seattle's Tully's Coffee - Seattle Times:
Before Stormy Daniels, her attorney faced allegations of dubious business dealings at Tully’s Coffee
He’s become famous as the brash lawyer for the porn star who purportedly bedded the future president, but before Michael Avenatti accused Donald Trump and his attorney of a payoff scheme to muzzle Stormy Daniels, he faced allegations of dubious business dealings as owner of a flailing coffee chain.
Since his investment firm bought bankrupt Tully’s Coffee for $9.15 million at auction five years ago, Avenatti’s company has been named in more than 50 state and federal legal complaints, including commercial lawsuits, breach of lease actions and warrants for unpaid taxes, court records show.
The moke tends to have a bit of a track record:
Nold’s complaint contends that while Avenatti ran the company, he fleeced nearly $6 million in federal and state tax withholdings — money meant to be held in trust for payment of quarterly taxes — from the paychecks of Tully’s employees.
The complaint also claims Avenatti fraudulently transferred $100,000 from the Tully’s operation last year to retain lawyers for his California law firm’s unrelated bankruptcy.
Well Michael - enjoy your fifteen minutes of fame. Jail is beckoning...
Leave a comment