Avenatti Owed Millions in Expenses, Taxes While Living Luxurious Lifestyle

Washington Free Beacon | 10/22/2018 | Cameron Cawthorne
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BY: Cameron Cawthorne

Michael Avenatti, the outspoken attorney representing Stormy Daniels and a potential 2020 presidential candidate, and his companies owed millions of dollars in unpaid taxes and judgments while Avenatti lived a luxe life, according to a new report.

Avenatti - July - Tax - Records - Background

Avenatti said back in July that he would "be happy" to put his tax records and background against President Donald Trump's background and tax records, but a new Daily Beast report shows he personally owed at least $1.2 million in federal taxes in addition to his corporate debts. One of the liens filed in February 2018 was for $308,396, and an August 2015 filing showed a balance of $903,987.

While Avenatti and his companies owed millions in corporate debt and unpaid taxes, he lived a luxurious lifestyle flying around the world to race cars with a Saudi prince and paying for his wife and their friends to stay in expensive villas in Cabo San Lucas, Mexico, according to civil court filings.

Court - Documents - Daily - Beast - Avenatti

The court documents that were reviewed by the Daily Beast pertained to Avenatti, his former law firm Eagan Avenatti, and Global Baristas, his former company where he was majority owner of the Seattle-based Tully’s coffee chain. The documents revealed Avenatti and his companies owed millions in unpaid federal and state taxes in Washington and California in addition to hundreds of thousands of dollars in past-due rent to landlords.

On Oct. 18, the landlord filed court papers indicating that Eagan Avenatti owes $213,253 in rent as of this month.

Avenatti - Daily - Beast - Interest - Eagan

Avenatti told The Daily Beast he divested his interest in Eagan Avenatti within the last 12 months and that he now operates under Avenatti & Associates. "None of those obligations are my responsibility," he said, when asked about the eviction case. Avenatti said he would forward this publication’s queries to the firm’s new owner, but declined...
(Excerpt) Read more at: Washington Free Beacon
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