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Avenatti Pleads Guilty to Fraud, Tax Charges in California

Submitted by jhartgen@abi.org on

Incarcerated lawyer Michael Avenatti pleaded guilty Thursday to four counts of wire fraud and a tax-related charge in a federal court case in Southern California accusing him of cheating his clients out of millions of dollars, the Associated Press reported. Avenatti made the plea during a court hearing in Santa Ana. Prosecutors said the plea subjects Avenatti to as much as 83 years in prison. The 51-year-old lawyer who is representing himself in the California case said earlier this week that although he didn’t reach a deal with federal prosecutors he wanted to change his plea to be accountable and spare his family further embarrassment. Federal prosecutors accused Avenatti of cheating clients out of millions by negotiating and collecting settlement payments on their behalf and funneling the money to accounts that he controlled. He was charged in a 36-count indictment in 2019 of crimes including wire and tax fraud. A sentencing hearing was tentatively scheduled for Sept. 19, but, if the government decides to try him on any of the remaining counts, that date will likely be vacated so he can be sentenced on all counts after trial. The government said it expects to be able to inform the court of its plans on Monday.

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