Michael Avenatti ceded control of his law firm Eagan Avenatti on Wednesday and allowed a receiver to take over the firm's bank accounts, case files, computers, and other materials.
The move comes after a former partner of the firm, Jason Frank, alleged in court documents Avenatti concealed millions of dollars in legal fees from the court handling Eagan Avenatti's bankruptcy and used some of the funds for personal compensation. Avenatti has agreed to work with Frank so he can collect his $10 million judgment against the firm, but denied he had done anything wrong.
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