Michael Avenatti Released on Bond … Arrested for Wire and Bank Fraud

Breaking News

4:29 PM PT — Avenatti has just been released on a $300,000 bond. He didn’t have to pay that amount, but it had to be co-signed by 2 people who say they’re good for it.

While he’s out on bond, his travel will be restricted to New York and California … and all travel plans must be approved by the government. Avenatti is also barred from contacting Mark Geragos.

2:53 PM PT Avenatti’s indictment will NOT have any major impact on the pending R. Kelly criminal case, in which he reps the family of Azriel Clary … so says Gerald Griggs, who represents Joycelyn Savage‘s family. Griggs tells TMZ …  that while Avenatti’s criminal cases present problems for himself personally, Griggs says they’ll have “minimal” effect in the R. Kelly matter. He adds, “[T]he ten charges are based on four independent accusers and other information independent of Mr. Avenatti. The Savage family continues to seek reunification with their daughter, and that process of justice continues on course for all the alleged victims of Robert Sylvester Kelly.”

1:15 PM PT — The Nike indictment

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