Remoun Karlous, an IRS criminal investigator, wrote in his sworn statement that in that time, “Avenatti generated substantial income and lived lavishly.”
While allegedly failing to pay taxes, the bombastic attorney appears to have also racked up an impressive number of luxury expenses:
- $217,000 at Neiman Marcus
- $117,000 at Jewelers on Time
- $277,236 to Porsche dealers
- $100,000-a-month rent on Lido Isle in Newport Beach
- $39,762 in Ferrari lease payments
- $123,825 in rent on a luxury high-rise in Century City
- $176,500 to Exclusive Resorts
According to the California indictments, Avenatti allegedly embezzled money from clients in order to defray his own personal expenses – and then presented fraudulent tax documents to the bank.
In an ironic twist, Avenatti has now been indicted for several of the crimes he accused President Donald Trump of committing during a 2018 Twitter spat with Fox News’ Liz Peek. (RELATED: Four Fake News Stories And Two Indictments Perfectly Sum Up The Media’s 2019 So Far)
Yep. Other than the bank fraud, wire fraud, tax fraud, money laundering, and campaign finance violations, it’s no big deal. Keep being a Trump sycophant.
– Michael Avenatti (@MichaelAvenatti) August 14, 2018
The attorney’s current tax woes also raise questions as to whether or not he ever seriously considered a run for the 2020 Democratic nomination – especially since he had promised more than once to release his tax returns publicly if he decided to do so.
A lot of misinformation being thrown about re my tax returns. Be clear – on Aug. 12 (This Week interview on ABC), I stated I would release my tax returns if I ran. On Sept. 28 (Texas Tribune interview), I stated the same thing. Both on video. My position remains the same.
– Michael Avenatti (@MichaelAvenatti) October 22, 2018
Avenatti was also indicted Monday by the Southern District of New York on charges that he attempted to extort Nike.