Lawyer accused of defrauding Stormy Daniels to pay for business, personal costs — including a Ferrari

Cohen pleaded guilty to violating campaign finance lawsIn announcing the new charges, prosecutors said Mr Avenatti sent a"fraudulent and unauthorised letter" to Ms Daniels' literary agent, instructing the agent to send payments not to Ms Daniels but to a bank account he controlled.

"Far from zealously representing his client, [Mr] Avenatti, as alleged, instead engaged in outright deception and theft, victimising rather than advocating for his client," Manhattan US Attorney-Geoffrey Berman said in a statement.Mr Avenatti"blatantly lied" and stole to maintain his"extravagant lifestyle", Mr Berman said.

"When is the publisher going to cough up my money?," she asked Mr Avenatti in early December, according to the indictment.

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Business Brief: Markets expected to react positively to Coalition victory | Sky News AustraliaFULL INTERVIEW: Deloitte Access Economics partner Nicki Hutley has told Sky News she expects markets will react positively to the shock Coalition election victory on Saturday. \n\nMs Hutley says there will be a 'huge sigh of relief' from business with the Coalition now preparing to usher in another three-year term in government. \n\nShe says US-China trade talks and EU parliamentary elections are more broadly driving the market but says the federal election result will bring 'a bit more positivity and certainty'. \n\n\n\n\n\n\n\n So far they have reacted well. I believe in Miracles too but the World economy is heading for a major Recession/Depression. It's unavoidable.
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