Feds to file new charges against Michael Avenatti

Prosecutors described in a 61-page indictment the celebrity attorney's alleged decade-long scheme to embezzle and hide millions of dollars from clients.
2:01 | 04/12/19

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Transcript for Feds to file new charges against Michael Avenatti
Now to new trouble for Michael avenatti. The former lawyer for stormy Daniels and foe of president trump is now facing dozens of charges for stealing millions from clients. If convicted, avenatti could spend decades behind bars. Whit Johnson with the details. Reporter: Michael avenatti says he's made powerful enemies over the years but prosecutors pulled no punches, characterizing him as a thief, fraud and lawyer who took advantage of his own clients. This morning, brash celebrity attorney Michael avenatti now fighting for his own freedom. Prosecutors accusing the man who once considered running for president of stealing millions of dollars from clients to fund a lavish life-style from reportedly sporting a watch worth tens of thousands to a flashy race car business and this private jet now seized by the feds. It is lawyer 101, you do not steal your client's money. Reporter: Avenatti soaring to fame by representing porn star stormy Daniels in a case against trump. The attorney facing 36 charges including wire fraud, tax fraud, bank fraud and perjury in what prosecutors describe as a web of lies. Typically in the form of payments designed to string along victims so as to prevent Mr. Avenatti's financial house of cards from collapsing. Reporter: In one case Jeffrey Johnson, a paraplegic man, won a $4 million settlement from L.A. County. The indictment claiming avenatti hid that money from his client for years, giving Johnson just enough for rent at an assisted living facility. If convicted, he could face up to 335 years in prison. Avenatti is also facing federal charges in New York, accused of trying to extort millions of dollars from Nike. And avenatti is also firing back on Twitter saying, quote, I intend to fully fight all charges and plead not guilty, but a long legal battle ahead for him. For sure. Whit, thank you.

This transcript has been automatically generated and may not be 100% accurate.

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