Thought it was a joke, nope it appears to be real https://www.cnbc.com/2019/03/25/michael-avenatti-to-be-charged-with-wire-and-bank-fraud.html Couldn't have happened to a nicer guy!
The Nike thing is mildly interesting (love it when purported SJWs eat their own), but...
...[H]e is accused of embezzling a client’s money “in order to pay his own expenses and debts” of himself, his law firm and coffee company, and of “defrauding a bank in Mississippi,” prosecutors said...
If these things are half true, this guy is a mess....which wouldn't be all that surprising.