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Michael Avenatti faces federal charges for attempting to extort up to $25 million from Nike by threatening to reveal damaging information. He was arrested shortly after tweeting about a basketball scandal. Additional charges include wire and bank fraud, with allegations of stealing $1.6 million from a client. Stormy Daniels expressed disappointment but not surprise at the charges. Celebrity attorney Mark Garagos is named as an unnamed co-conspirator. If convicted, Avenatti could face up to 50 years in prison. Nike is cooperating with the investigation.

What amount did Avenatti allegedly try to extort from Nike?

What were the federal charges faced by Michael Avenatti?

What did Stormy Daniels say about Michael Avenatti after the news of his charges?

Who was the unnamed coconspirator mentioned in the news?

What potential prison time does Avenatti face if convicted in California?