NEW YORK – Federal prosecutors in two states revealed criminal charges Monday against Michael Avenatti, accusing the lawyer who battled President Donald Trump over a payoff to a porn star of scheming to extort up to $25 million from shoemaker Nike, embezzling money and defrauding a bank.

Avenatti was arrested Monday afternoon in New York outside the office of one of Nike's lawyers. Emerging from federal court hours later, he declared himself "highly confident" that he would be "fully exonerated and justice will be done."

In the Nike case, federal prosecutors in New York charged Avenatti with four counts of extortion and conspiracy for allegedly threatening to reveal what he claimed was evidence that Nike made improper payments to high school basketball players unless the company paid $1.5 million to one of his clients and $15 million to $25 million for him and an associate to conduct an investigation of Nike. 

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