Celebrity lawyer Michael Avenatti has sat down for his first interview since being arrested and charged with bank and wire fraud charges and accused of extortion.

Charges against Avenatti include conspiracy to transmit interstate communications with the intent to extort, conspiracy to commit extortion and transmission of interstate communication with intent to extort. He is out on a $300,000 bond.

As expected, Avenatti vehemently denies all of the charges against him. Speaking with Jericka Duncan on CBS News he said:

"I feel terrible for my family. I feel bad for my friends. Most people are sticking by me, they believe in me, they know what I'm all about, so I've been very fortunate in that regard. But sure, I'm nervous, I'm scared, I'm all those things. And if I wasn't, it wouldn't make a lot of sense." 

He added:

"The truth is, for years, Nike and its executives have been funneling payments to amateur players, high school players and to their handlers and to their family members in an effort to get them to go to colleges that were 'Nike' colleges. And ultimately, hopefully, to the NBA so they could sign a shoe deal with Nike."

Continuing:

 "The way this has been framed is not accurate. It's just not accurate. And, in fact, from the very first moment that we had any meeting with Nike, we made it clear that under no circumstances would we participate in anything that did not require full disclosure to investigators and the federal government."

Watch the clip below.

Avenatti currently represents two of the four current R. Kelly accusers. Social media has been urging them to find another lawyer.