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Waii
Waii
·
2021-06-19
Interesting read.
非常抱歉,此主贴已删除
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Waii
Waii
·
2021-06-17
Interesting read
Stocks are flat after post-Fed decision sell-off
Stocks were flat on Thursday, a day after the Federal Reserve's rate outlook sparked a sell-off. The
Stocks are flat after post-Fed decision sell-off
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Waii
Waii
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2021-06-17
Interesting read
Hong Kong tycoon Richard Li's FWD files for U.S. listing
HONG KONG, June 17 (Reuters) - Hong Kong tycoon Richard Li's insurer FWD said it has lodged an appli
Hong Kong tycoon Richard Li's FWD files for U.S. listing
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Waii
Waii
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2021-06-17
Interesting read.
U.S. urges 'very substantial' prison term for Michael Avenatti over Nike extortion
NEW YORK, June 17 (Reuters) - The once high-flying California lawyer Michael Avenatti deserves a "ve
U.S. urges 'very substantial' prison term for Michael Avenatti over Nike extortion
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The S&P 500 was flat and Nasdaq Composite fell 0.15%.</p>\n<p>The closely-watch Federal Reserve meeting Wednesday spurred a sell-off in equities after the central bankmoved up its timeline for rate hikes, seeing two increases in 2023. The Fed also hiked its inflation hitting 3.4% this year, a percentage point higher than the FOMC's forecast in March.</p>\n<p>Materials stocks were set to drop on Thursday as higher rates may further take the air out of a big commodities rally in 2021. China isalso cracking down on the commodities surgeto ease inflation fears.Freeport-McMoRanled materials stocks lower in premarket trading, down 2%. Copper futures were off by 2%.</p>\n<p>Wells FargoandCitigroupwere higher in premarket trading on hopes higher rates will boost profits for banks. Meanwhile, some once-hot tech stocks were lower in premarket trading withZoom VideoandTesladown by about 1%.</p>\n<p>Hedge fund legend David Tepper told CNBC's Scott Wapnerthat the Fed did a good job on Wednesday and that \"the stock market is still fine for now,\" Tepper said. The S&P 500 is less than 1% from an all-time high.</p>\n<p>On Wednesday, the Dow lost about 265 points and the S&P 500 edged 0.5% lower. The Nasdaq Composite dipped 0.2%.</p>\n<p>Markets rallied off their intraday lows Wednesday after Fed Chair Jerome Powell said projections for future rate increases should be \"taken with a big grain of salt\" and reiterated that he believes that inflation is transitory. 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The S&P 500 was flat and Nasdaq Composite fell 0.15%.</p>\n<p>The closely-watch Federal Reserve meeting Wednesday spurred a sell-off in equities after the central bankmoved up its timeline for rate hikes, seeing two increases in 2023. The Fed also hiked its inflation hitting 3.4% this year, a percentage point higher than the FOMC's forecast in March.</p>\n<p>Materials stocks were set to drop on Thursday as higher rates may further take the air out of a big commodities rally in 2021. China isalso cracking down on the commodities surgeto ease inflation fears.Freeport-McMoRanled materials stocks lower in premarket trading, down 2%. Copper futures were off by 2%.</p>\n<p>Wells FargoandCitigroupwere higher in premarket trading on hopes higher rates will boost profits for banks. Meanwhile, some once-hot tech stocks were lower in premarket trading withZoom VideoandTesladown by about 1%.</p>\n<p>Hedge fund legend David Tepper told CNBC's Scott Wapnerthat the Fed did a good job on Wednesday and that \"the stock market is still fine for now,\" Tepper said. The S&P 500 is less than 1% from an all-time high.</p>\n<p>On Wednesday, the Dow lost about 265 points and the S&P 500 edged 0.5% lower. The Nasdaq Composite dipped 0.2%.</p>\n<p>Markets rallied off their intraday lows Wednesday after Fed Chair Jerome Powell said projections for future rate increases should be \"taken with a big grain of salt\" and reiterated that he believes that inflation is transitory. Powell also did not issue guidance on when the central bank will begin tapering its bond-buying program.</p>\n<p>\"You can think of this meeting that we had as the 'talking about talking about' meeting, if you'd like,\" Powell said when asked about tapering. \"I now suggest that we retire that term, which has served its purpose.\"</p>\n<p>The Fed chair said the central bank will continue to monitor the economic recovery and will provide \"advanced notice\" before announcing any updates regarding tapering.</p>\n<p>The Labor Department reported that initial jobless claimsrose last week to 412,000, an improvement from the previous week's 375,000, but above Dow Jones expectations of 360,000.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".DJI":"道琼斯"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1114861992","content_text":"Stocks were flat on Thursday, a day after the Federal Reserve's rate outlook sparked a sell-off.\nThe Dow Jones Industrial Average dropped 5 points. The S&P 500 was flat and Nasdaq Composite fell 0.15%.\nThe closely-watch Federal Reserve meeting Wednesday spurred a sell-off in equities after the central bankmoved up its timeline for rate hikes, seeing two increases in 2023. The Fed also hiked its inflation hitting 3.4% this year, a percentage point higher than the FOMC's forecast in March.\nMaterials stocks were set to drop on Thursday as higher rates may further take the air out of a big commodities rally in 2021. China isalso cracking down on the commodities surgeto ease inflation fears.Freeport-McMoRanled materials stocks lower in premarket trading, down 2%. Copper futures were off by 2%.\nWells FargoandCitigroupwere higher in premarket trading on hopes higher rates will boost profits for banks. Meanwhile, some once-hot tech stocks were lower in premarket trading withZoom VideoandTesladown by about 1%.\nHedge fund legend David Tepper told CNBC's Scott Wapnerthat the Fed did a good job on Wednesday and that \"the stock market is still fine for now,\" Tepper said. The S&P 500 is less than 1% from an all-time high.\nOn Wednesday, the Dow lost about 265 points and the S&P 500 edged 0.5% lower. The Nasdaq Composite dipped 0.2%.\nMarkets rallied off their intraday lows Wednesday after Fed Chair Jerome Powell said projections for future rate increases should be \"taken with a big grain of salt\" and reiterated that he believes that inflation is transitory. Powell also did not issue guidance on when the central bank will begin tapering its bond-buying program.\n\"You can think of this meeting that we had as the 'talking about talking about' meeting, if you'd like,\" Powell said when asked about tapering. \"I now suggest that we retire that term, which has served its purpose.\"\nThe Fed chair said the central bank will continue to monitor the economic recovery and will provide \"advanced notice\" before announcing any updates regarding tapering.\nThe Labor Department reported that initial jobless claimsrose last week to 412,000, an improvement from the previous week's 375,000, but above Dow Jones expectations of 360,000.","news_type":1,"symbols_score_info":{".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":1448,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":161799462,"gmtCreate":1623939837956,"gmtModify":1634025566661,"author":{"id":"3565561946894602","authorId":"3565561946894602","name":"Waii","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3565561946894602","authorIdStr":"3565561946894602"},"themes":[],"htmlText":"Interesting read ","listText":"Interesting read ","text":"Interesting read","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/161799462","repostId":"2144411077","repostType":4,"repost":{"id":"2144411077","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1623939312,"share":"https://ttm.financial/m/news/2144411077?lang=&edition=full","pubTime":"2021-06-17 22:15","market":"us","language":"en","title":"Hong Kong tycoon Richard Li's FWD files for U.S. listing","url":"https://stock-news.laohu8.com/highlight/detail?id=2144411077","media":"Reuters","summary":"HONG KONG, June 17 (Reuters) - Hong Kong tycoon Richard Li's insurer FWD said it has lodged an appli","content":"<p>HONG KONG, June 17 (Reuters) - Hong Kong tycoon Richard Li's insurer FWD said it has lodged an application to regulators for an initial public offering <a href=\"https://laohu8.com/S/IPO.UK\">$(IPO.UK)$</a> in the United States.</p>\n<p>The company did not disclose the size of the IPO, but the deal could raise between $2 and $3 billion, people familiar with the matter said.</p>\n<p>A fundraising of that size would value FWD at $13 billion to $15 billion, they added.</p>\n<p>FWD declined to comment on the potential size of the deal.</p>\n<p>The number of American Depositary Shares <a href=\"https://laohu8.com/S/ADS\">$(ADS)$</a> and price range have yet to be determined, a statement from the company said.</p>\n<p>\"The IPO is expected to take place after the SEC (U.S. Securities and Exchange Commission) completes its review process, subject to market conditions,\" it added.</p>\n<p>The IPO filing comes under FWD holding company PCGI Intermediate.</p>\n<p>Richard Li is the son of Hong Kong's richest man Li Ka-Shing. Billionaire Li laid the foundation for FWD in 2012 with the acquisition of ING's Hong Kong, Macau and Thailand units for $2.1 billion and has continued this bolt-on approach since.</p>\n<p>The company's major acquisitions included its $3 billion purchase of Siam Commercial Bank's life insurance unit in Thailand in 2019, just days after agreeing to buy the Hong Kong operations of U.S. insurer MetLife Inc .</p>\n<p>FWD is the insurance business of Li's investment arm Pacific Century Group.</p>\n<p>FWD has businesses across 10 Asian markets led by Hong Kong, Indonesia, Japan and Macau, according to its website.</p>\n<p>The company has $62.6 billion in assets and 9.8 million customers, a factsheet on its website states which also says FWD's minor shareholders include Swiss Re , GIC Ventures, RBJ Capital and Hopu Investments.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Hong Kong tycoon Richard Li's FWD files for U.S. listing</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHong Kong tycoon Richard Li's FWD files for U.S. listing\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-06-17 22:15</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>HONG KONG, June 17 (Reuters) - Hong Kong tycoon Richard Li's insurer FWD said it has lodged an application to regulators for an initial public offering <a href=\"https://laohu8.com/S/IPO.UK\">$(IPO.UK)$</a> in the United States.</p>\n<p>The company did not disclose the size of the IPO, but the deal could raise between $2 and $3 billion, people familiar with the matter said.</p>\n<p>A fundraising of that size would value FWD at $13 billion to $15 billion, they added.</p>\n<p>FWD declined to comment on the potential size of the deal.</p>\n<p>The number of American Depositary Shares <a href=\"https://laohu8.com/S/ADS\">$(ADS)$</a> and price range have yet to be determined, a statement from the company said.</p>\n<p>\"The IPO is expected to take place after the SEC (U.S. Securities and Exchange Commission) completes its review process, subject to market conditions,\" it added.</p>\n<p>The IPO filing comes under FWD holding company PCGI Intermediate.</p>\n<p>Richard Li is the son of Hong Kong's richest man Li Ka-Shing. Billionaire Li laid the foundation for FWD in 2012 with the acquisition of ING's Hong Kong, Macau and Thailand units for $2.1 billion and has continued this bolt-on approach since.</p>\n<p>The company's major acquisitions included its $3 billion purchase of Siam Commercial Bank's life insurance unit in Thailand in 2019, just days after agreeing to buy the Hong Kong operations of U.S. insurer MetLife Inc .</p>\n<p>FWD is the insurance business of Li's investment arm Pacific Century Group.</p>\n<p>FWD has businesses across 10 Asian markets led by Hong Kong, Indonesia, Japan and Macau, according to its website.</p>\n<p>The company has $62.6 billion in assets and 9.8 million customers, a factsheet on its website states which also says FWD's minor shareholders include Swiss Re , GIC Ventures, RBJ Capital and Hopu Investments.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MET":"大都会人寿"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2144411077","content_text":"HONG KONG, June 17 (Reuters) - Hong Kong tycoon Richard Li's insurer FWD said it has lodged an application to regulators for an initial public offering $(IPO.UK)$ in the United States.\nThe company did not disclose the size of the IPO, but the deal could raise between $2 and $3 billion, people familiar with the matter said.\nA fundraising of that size would value FWD at $13 billion to $15 billion, they added.\nFWD declined to comment on the potential size of the deal.\nThe number of American Depositary Shares $(ADS)$ and price range have yet to be determined, a statement from the company said.\n\"The IPO is expected to take place after the SEC (U.S. Securities and Exchange Commission) completes its review process, subject to market conditions,\" it added.\nThe IPO filing comes under FWD holding company PCGI Intermediate.\nRichard Li is the son of Hong Kong's richest man Li Ka-Shing. Billionaire Li laid the foundation for FWD in 2012 with the acquisition of ING's Hong Kong, Macau and Thailand units for $2.1 billion and has continued this bolt-on approach since.\nThe company's major acquisitions included its $3 billion purchase of Siam Commercial Bank's life insurance unit in Thailand in 2019, just days after agreeing to buy the Hong Kong operations of U.S. insurer MetLife Inc .\nFWD is the insurance business of Li's investment arm Pacific Century Group.\nFWD has businesses across 10 Asian markets led by Hong Kong, Indonesia, Japan and Macau, according to its website.\nThe company has $62.6 billion in assets and 9.8 million customers, a factsheet on its website states which also says FWD's minor shareholders include Swiss Re , GIC Ventures, RBJ Capital and Hopu Investments.","news_type":1,"symbols_score_info":{"MET":0.9}},"isVote":1,"tweetType":1,"viewCount":1565,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":161707410,"gmtCreate":1623939761830,"gmtModify":1634025567487,"author":{"id":"3565561946894602","authorId":"3565561946894602","name":"Waii","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3565561946894602","authorIdStr":"3565561946894602"},"themes":[],"htmlText":"Interesting read. ","listText":"Interesting read. ","text":"Interesting read.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":4,"repostSize":0,"link":"https://laohu8.com/post/161707410","repostId":"2144741992","repostType":4,"repost":{"id":"2144741992","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1623939530,"share":"https://ttm.financial/m/news/2144741992?lang=&edition=full","pubTime":"2021-06-17 22:18","market":"us","language":"en","title":"U.S. urges 'very substantial' prison term for Michael Avenatti over Nike extortion","url":"https://stock-news.laohu8.com/highlight/detail?id=2144741992","media":"Reuters","summary":"NEW YORK, June 17 (Reuters) - The once high-flying California lawyer Michael Avenatti deserves a \"ve","content":"<p>NEW YORK, June 17 (Reuters) - The once high-flying California lawyer Michael Avenatti deserves a \"very substantial\" prison sentence for trying to extort millions of dollars from Nike Inc , U.S. prosecutors told a judge.</p>\n<p>The Wednesday night recommendation came <a href=\"https://laohu8.com/S/AONE\">one</a> week after Avenatti's lawyers said their client should spend no more than six months behind bars plus <a href=\"https://laohu8.com/S/AONE.U\">one</a> year of home confinement.</p>\n<p>U.S. District Judge Paul Gardephe is scheduled to sentence Avenatti on June 30 in <a href=\"https://laohu8.com/S/MHC.AU\">Manhattan</a>.</p>\n<p>Probation officers recommend eight years in prison for Avenatti, and prosecutors said federal guidelines recommend more than 11 years.</p>\n<p>Lawyers for Avenatti did not immediately respond on Thursday to requests for comment.</p>\n<p>Avenatti, 50, became famous in 2018 when he represented adult film actress Stormy Daniels in lawsuits against then-U.S. President Donald Trump.</p>\n<p>He was convicted of threatening to publicly accuse Nike of secretly paying families of college basketball prospects unless it paid him and another lawyer up to $25 million for a probe and his client, youth basketball coach Gary Franklin, $1.5 million.</p>\n<p>Jurors also convicted Avenatti of defrauding Franklin by not telling him he wouldn't settle without a probe.</p>\n<p>Avenatti \"betrayed his client and sought to enrich himself by weaponizing his public profile,\" prosecutors said. \"This was an egregious abuse of trust.\"</p>\n<p>In letters to Gardephe, Nike maintained that Avenatti's accusations were false, while Franklin said Avenatti's actions \"destroyed my reputation in my community.\"</p>\n<p>Avenatti's lawyers have said their client has suffered enough during his \"epic fall and public shaming,\" including three months in a Manhattan jail and ridicule by Trump and the former president's media supporters.</p>\n<p>They also said a recurrence was impossible because Avenatti would never again practice law.</p>\n<p>Avenatti was convicted in February 2020.</p>\n<p>He still faces two trials in California on charges he stole millions of dollars from clients and committed tax and bank fraud, and another trial in Manhattan for allegedly defrauding Daniels out of money from a book contract.</p>\n<p>Avenatti has pleaded not guilty to all charges.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>U.S. urges 'very substantial' prison term for Michael Avenatti over Nike extortion</title>\n<style 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margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nU.S. urges 'very substantial' prison term for Michael Avenatti over Nike extortion\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-06-17 22:18</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>NEW YORK, June 17 (Reuters) - The once high-flying California lawyer Michael Avenatti deserves a \"very substantial\" prison sentence for trying to extort millions of dollars from Nike Inc , U.S. prosecutors told a judge.</p>\n<p>The Wednesday night recommendation came <a href=\"https://laohu8.com/S/AONE\">one</a> week after Avenatti's lawyers said their client should spend no more than six months behind bars plus <a href=\"https://laohu8.com/S/AONE.U\">one</a> year of home confinement.</p>\n<p>U.S. District Judge Paul Gardephe is scheduled to sentence Avenatti on June 30 in <a href=\"https://laohu8.com/S/MHC.AU\">Manhattan</a>.</p>\n<p>Probation officers recommend eight years in prison for Avenatti, and prosecutors said federal guidelines recommend more than 11 years.</p>\n<p>Lawyers for Avenatti did not immediately respond on Thursday to requests for comment.</p>\n<p>Avenatti, 50, became famous in 2018 when he represented adult film actress Stormy Daniels in lawsuits against then-U.S. President Donald Trump.</p>\n<p>He was convicted of threatening to publicly accuse Nike of secretly paying families of college basketball prospects unless it paid him and another lawyer up to $25 million for a probe and his client, youth basketball coach Gary Franklin, $1.5 million.</p>\n<p>Jurors also convicted Avenatti of defrauding Franklin by not telling him he wouldn't settle without a probe.</p>\n<p>Avenatti \"betrayed his client and sought to enrich himself by weaponizing his public profile,\" prosecutors said. \"This was an egregious abuse of trust.\"</p>\n<p>In letters to Gardephe, Nike maintained that Avenatti's accusations were false, while Franklin said Avenatti's actions \"destroyed my reputation in my community.\"</p>\n<p>Avenatti's lawyers have said their client has suffered enough during his \"epic fall and public shaming,\" including three months in a Manhattan jail and ridicule by Trump and the former president's media supporters.</p>\n<p>They also said a recurrence was impossible because Avenatti would never again practice law.</p>\n<p>Avenatti was convicted in February 2020.</p>\n<p>He still faces two trials in California on charges he stole millions of dollars from clients and committed tax and bank fraud, and another trial in Manhattan for allegedly defrauding Daniels out of money from a book contract.</p>\n<p>Avenatti has pleaded not guilty to all charges.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NKE":"耐克"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2144741992","content_text":"NEW YORK, June 17 (Reuters) - The once high-flying California lawyer Michael Avenatti deserves a \"very substantial\" prison sentence for trying to extort millions of dollars from Nike Inc , U.S. prosecutors told a judge.\nThe Wednesday night recommendation came one week after Avenatti's lawyers said their client should spend no more than six months behind bars plus one year of home confinement.\nU.S. District Judge Paul Gardephe is scheduled to sentence Avenatti on June 30 in Manhattan.\nProbation officers recommend eight years in prison for Avenatti, and prosecutors said federal guidelines recommend more than 11 years.\nLawyers for Avenatti did not immediately respond on Thursday to requests for comment.\nAvenatti, 50, became famous in 2018 when he represented adult film actress Stormy Daniels in lawsuits against then-U.S. President Donald Trump.\nHe was convicted of threatening to publicly accuse Nike of secretly paying families of college basketball prospects unless it paid him and another lawyer up to $25 million for a probe and his client, youth basketball coach Gary Franklin, $1.5 million.\nJurors also convicted Avenatti of defrauding Franklin by not telling him he wouldn't settle without a probe.\nAvenatti \"betrayed his client and sought to enrich himself by weaponizing his public profile,\" prosecutors said. \"This was an egregious abuse of trust.\"\nIn letters to Gardephe, Nike maintained that Avenatti's accusations were false, while Franklin said Avenatti's actions \"destroyed my reputation in my community.\"\nAvenatti's lawyers have said their client has suffered enough during his \"epic fall and public shaming,\" including three months in a Manhattan jail and ridicule by Trump and the former president's media supporters.\nThey also said a recurrence was impossible because Avenatti would never again practice law.\nAvenatti was convicted in February 2020.\nHe still faces two trials in California on charges he stole millions of dollars from clients and committed tax and bank fraud, and another trial in Manhattan for allegedly defrauding Daniels out of money from a book contract.\nAvenatti has pleaded not guilty to all charges.","news_type":1,"symbols_score_info":{"NKE":0.9}},"isVote":1,"tweetType":1,"viewCount":837,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"posts","isTTM":false}