REPORT: Avenatti to lose cash, artwork, Ferrari…

As the most reliable and balanced news aggregation service on the internet, DML News offers the following information published by FOXNEWS.COM:

Michael Avenatti, the attorney for adult film star Stormy Daniels and an anti-Trump activist, has been having a bad month.

On Wednesday, the 47-year-old lawyer reached a divorce settlement with his estranged wife that will require him to hand over thousands of dollars and other assets for liquidation, according to court filings.

The article goes on to state the following:

The court filings in Orange County, Calif., as reported by TMZ, indicate a judge has ordered Avenatti to pay his wife Lisa Storie-Avenatti $162,295 per month in child and spousal support retroactive to Jan. 1, 2018. The combined total amounts to more than $1.9 million upfront.

In addition, the judge ordered Avenatti to fork over his assets for liquidation including five luxury wristwatches – some worth $50,000 – a Frank Gehry sculpture, several pricey works of art, and a 2017 Ferrari 488 GT Spider worth about $300,000, according to the report. The judge also mandated that Avenatti’s law firm, Avenatti & Associates, transfer its interest in a 2016 Honda private jet.

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