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For Michael Avenatti, a luxury lifestyle built on a purported house of cards
PhoneEtiquetteMattersHat RetweetedSome of Avenatti's purchases while not paying taxes, per @latimes: "217,000 at Neiman Marcus; $117,000 at Jewelers on Time, a luxury watch store; $277,236 to Porsche dealers; $100,000-a-month rent for a waterfront house on Lido Isle in Newport Beach"
Link to tweet
For Michael Avenatti, a luxury lifestyle built on a purported house of cards
By MICHAEL FINNEGAN and MARK Z. BARABAK
MAR 27, 2019 | 3:00 AM
Long before he was Stormy Daniels’ lawyer, well before he was accused of trying to shake down Nike for millions of dollars, Michael Avenatti was an Orange County plaintiff’s attorney living a luxe life adorned with fast cars, high-end properties and expensive jewelry. ... He flew in a private jet, lived in a mansion overlooking the Pacific and rang up six-figure receipts at Neiman Marcus and other sumptuous retailers.
....
But Avenatti’s notoriety — so far as federal investigators were concerned — long preceded his emergence as Daniels’ advocate and President Trump’s tormentor. ... The nearly 200 pages of charging documents submitted by the Internal Revenue Service show that federal investigators started pursuing Avenatti for alleged tax violations a decade ago.
The first sign of trouble came in 2009 when, the IRS said, he reported $1.9 million in personal income but failed to pay $570,000 in taxes. The next year, the IRS said, Avenatti reported $1.2 million in income but skipped out on a $282,000 tax bill. ... Since then, according to federal prosecutors, Avenatti has filed no personal income tax returns, even as he deposited $18 million into his bank accounts. ... He also has filed no tax returns since then for Avenatti & Associates, a corporation that has recorded $38 million in deposits, the government says. Avenatti, who owns the firm, has often used it to pay personal expenses, including $176,500 to Exclusive Resorts, which bills itself as “the world’s elite private vacation club.”
“During these tax years, Avenatti generated substantial income and lived lavishly,” Remoun Karlous, an IRS criminal investigator, wrote in his sworn statement. ... Among other big-ticket items: $217,000 at Neiman Marcus; $117,000 at Jewelers on Time, a luxury watch store; $277,236 to Porsche dealers; $100,000-a-month rent for a waterfront house on Lido Isle in Newport Beach; $39,762 in Ferrari lease payments; $123,825 in rent on his apartment in a luxury high-rise in Century City.
....
Times staff writer James Queally contributed to this report.
By MICHAEL FINNEGAN and MARK Z. BARABAK
MAR 27, 2019 | 3:00 AM
Long before he was Stormy Daniels’ lawyer, well before he was accused of trying to shake down Nike for millions of dollars, Michael Avenatti was an Orange County plaintiff’s attorney living a luxe life adorned with fast cars, high-end properties and expensive jewelry. ... He flew in a private jet, lived in a mansion overlooking the Pacific and rang up six-figure receipts at Neiman Marcus and other sumptuous retailers.
....
But Avenatti’s notoriety — so far as federal investigators were concerned — long preceded his emergence as Daniels’ advocate and President Trump’s tormentor. ... The nearly 200 pages of charging documents submitted by the Internal Revenue Service show that federal investigators started pursuing Avenatti for alleged tax violations a decade ago.
The first sign of trouble came in 2009 when, the IRS said, he reported $1.9 million in personal income but failed to pay $570,000 in taxes. The next year, the IRS said, Avenatti reported $1.2 million in income but skipped out on a $282,000 tax bill. ... Since then, according to federal prosecutors, Avenatti has filed no personal income tax returns, even as he deposited $18 million into his bank accounts. ... He also has filed no tax returns since then for Avenatti & Associates, a corporation that has recorded $38 million in deposits, the government says. Avenatti, who owns the firm, has often used it to pay personal expenses, including $176,500 to Exclusive Resorts, which bills itself as “the world’s elite private vacation club.”
“During these tax years, Avenatti generated substantial income and lived lavishly,” Remoun Karlous, an IRS criminal investigator, wrote in his sworn statement. ... Among other big-ticket items: $217,000 at Neiman Marcus; $117,000 at Jewelers on Time, a luxury watch store; $277,236 to Porsche dealers; $100,000-a-month rent for a waterfront house on Lido Isle in Newport Beach; $39,762 in Ferrari lease payments; $123,825 in rent on his apartment in a luxury high-rise in Century City.
....
Times staff writer James Queally contributed to this report.
5 replies
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= new reply since forum marked as read
LOL. LOL 
...because he understands how Trump is....
