Michael Avenatti, former lawyer for Stormy Daniels, was found guilty of attempting to extort over $20 million from Nike. He was convicted on charges of extortion, transmission of interstate communications with intent to extort, and wire fraud. Avenatti threatened to release damaging information about Nike unless paid millions. The verdict was seen as a testament to the American judicial system. Avenatti's defense plans to appeal, and he is scheduled for sentencing in June. Despite his conviction, Avenatti remains determined to fight. He also faces charges in two other cases involving theft and fraud, and is currently jailed for violating bail terms.

What new insight or understanding did you gain from this video?