Michael Avenatti, the lawyer most well-known for representing Stormy Daniels, will be giving up control of his law firm after being accused of hiding “millions of dollars”.
Michael Avenatti agreed Wednesday to relinquish financial control of his longtime law firm hours after a former partner filed papers accusing him of hiding millions of dollars from the court that oversaw its bankruptcy.
The celebrity lawyer and his firm, Eagan Avenatti, consented to the appointment of a receiver to take possession of its bank accounts, case files, computers and other assets.
Avenatti also promised to cooperate with efforts by Jason Frank, a former lawyer at Eagan Avenatti, to collect on his $10-million judgment against the firm. Avenatti will continue to work as the lead lawyer in his law practice, which he now calls Avenatti & Associates.
Avenatti has been a strong critic of the President and even at one time considered launching his own 2020 campaign for the White House.
