Michael Avenatti was $15 million in debt when he extorted Nike

Michael Avenatti had a clear motive to extort Nike, prosecutors say — he was $15 million in debt.

The new details about the bulldog lawyer’s financial woes emerged in legal filings in Manhattan Federal Court late Tuesday. A trial over Avenatti’s alleged shakedown of the shoe giant is scheduled for next month.

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“The Government does not intend to argue that the defendant was wealthy (and the evidence shows that he was not),” Assistant U.S. Attorney Matthew Podolksy wrote.

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