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Home / US / Michael Avenatti lived a luxurious life without paying taxes for a decade, says the federal tax office

Michael Avenatti lived a luxurious life without paying taxes for a decade, says the federal tax office



Fierce lawyer Michael Avenatti has evaded tax liability for more than a decade, while at the same time spending the lives and costs of expensive cars, jewelry, and luxury apartments, according to IRS records.

Avenatti, who once represented the adult movie star The dashing Daniels, before he dropped him, is currently facing nearly 100 years of imprisonment, based on two separate cases.

The prosecutor in New York accused the lawyer on Monday that following an attempted blackmail, he had run an "old shakedown" of about $ 25 million from sportswear giant Nike, "threatening to use his advertising skills to sell his Cause significant financial damage and reputation to companies if their claims have not been met. "

In California, he was also charged with fraud and fraud for bank fraud after lengthy investigations by the authorities.

MICHAEL AVENATTI'S PENDING DAMAGES, NIKE MARK END WITH HIS DISPOSAL OF REPAYMENT AFTER SPECTACULAR CASE FROM GRACE

But the legal issues for Avenatti do not end here ̵

1; he was accused by the tax authorities of millions of dollars not to have paid income tax, and by his company. The authorities began to prosecute the lawyer nearly ten years ago.

According to the Los Angeles Times IRS documents, Avenatti earned a personal income of $ 1.9 million in 2009, but did not pay the $ 570,000 in taxes. In 2010 he earned $ 1.2 million, yet again did not pay the alleged tax bill of $ 282,000 to the IRS.

The prosecution now claims that Avenatti has not filed any income tax returns since 2010, even though $ 18 million came into his income bank account.

The private bank accounts of Avenatti are not the only place the authorities are looking for. Law firm Avenatti & Associates, which reportedly booked $ 38 million in deposits, has not filed any tax returns.

Although he was reportedly not required to pay any taxes, Avenatti moved his business to finance personal expenses, including $ 176,500 for Exclusive Resorts. According to the Times a private holiday club of the elite.

MICHAEL AVENATTI & # 39; NERVOUS, & # 39; & # 39; # 39 & SCARED; ABOUT PROSPECTUS OF PRISON TIME, LABELS NIKE EXTORTION ALLEGATIONS & # 39; ABSURD & # 39;

The IRS notes that Avenatti also spent $ 217,000 at Neiman Marcus, nearly $ 120,000 in a watch shop, $ 277,236 and $ 39,762 for Porsche and Ferrari dealers.

In a luxurious waterfront home in Newport Beach, California, he spouted $ 100,000 a month for $ 123,825 in rent for his apartment in a luxury high-rise in Century City.

"In these years of taxation, Avenatti earned a considerable income and lived wastefully," an IRS investigator Remoun Kallus wrote in papers reviewed by the newspaper.

"In these years of taxation, Avenatti achieved considerable revenues and lived generously."

– IRS investigator Remoun Karlous

Between the legal issues in California and New York, Avenatti earlier this week, he said he was "nervous" and "anxious" because he might be put behind bars.

"No, and every suggestion is absolutely absurd," he told CBS News correspondent Jericka Duncan when he was asked if he had tried to blackmail the sports company.

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. "Nike knew from the first moment that I had any contact with Nike, that I insisted the truth was, Nike had been exposed to prosecutors and investigators," he said on the network.

"The truth is, that Nike and its executives have been paying for years to make payments to amateur players, high school players, their dealers, and their family members. They're trying to bring them to colleges that were Nike colleges, and hopefully the NBA, so they can sign a shoe contract with Nike.

Avenatti was released on Monday after his arrest in New York for a $ 300,000 bond. He is expected to appear in court in April.


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