About This Source - Bloomberg QuickTake: Now
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It was founded by Michael Bloomberg in 1981, with the help of Thomas Secunda, Duncan MacMillan, Charles Zegar, and a 12% ownership investment by Merrill Lynch.
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Bloomberg Quicktake: Now published this video item, entitled “Avenati Sentenced to 2.5 Years in Prison in $25 Million Nike Extortion Plot” – below is their description.
Michael Avenatti was sentenced to 2 1/2 years behind bars for attempting to extort $25 million from Nike Inc., marking a steep fall for a celebrity lawyer who shot to national attention by styling himself as a foil to former President Donald Trump.
U.S. District Judge Paul Gardephe in Manhattan handed down the prison term Thursday following a long delay due to the pandemic. Avenatti, 50, was found guilty on all counts in February 2020 following a three-week trial.
“Mr. Avenatti’s conduct was outrageous,” the judge said before announcing the sentence. He became “drunk on the power of his platform, or what he believed the power of his platform to be,” Gardephe said. The judge ordered Avenatti to surrender to prison authorities by Sept. 15.Bloomberg Quicktake: Now YouTube Channel
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In This Story: Donald Trump
Donald John Trump was the 45th President of the United States. Before entering politics, he was a businessman and television personality. Trump was born and raised in Queens, a borough of New York City, and received a bachelor’s degree in economics from the Wharton School.