A judge granted Michael Avenatti a mistrial on Tuesday in a case accusing him of stealing millions of dollars from his clients, according to multiple reports.
U.S. District Court District Judge James Selna, who was nominated by President George W. Bush, said prosecutors failed to provide financial evidence to Avenatti before the trial started, Law.com’s Meghann Cuniff reported live from the Santa Ana, California, courtroom.
Disgraced former attorney Michael Avenatti was sentenced Thursday to 30 months in federal prison and three years of supervised release for trying to extort millions from the sportswear company Nike.
The former media gadfly and anti-Trump resistance hero reportedly cried in court as he made a statement thanking his family. According to Washington Post reporter Devlin Barrett, Avenatti admitted “I and I alone have destroyed my career, my relationships, my life, and there is no doubt that I deserve to pay, have paid, and will pay a further price for what I have done.”
A new report reveals that Nike is one of over two dozen corporations that have not paid any federal income taxes since 2018, as reported by Breitbart.
The report comes from the Institute on Taxation and Economic Policy, which shows that at least 55 of the biggest companies in America did not pay any federal income taxes in the year 2020. Of those 55, 26 have not paid this tax since 2018. This means that a collective total of approximately $8.5 billion was not paid last year, with the 55 companies instead receiving approximately $40.5 billion in pre-tax income.