The world of college basketball scandals got a little bit weirder on Monday, when an attorney threatened “to disclose a major high school/college basketball scandal” and was reportedly arrested.

At 12:16 p.m. ET, attorney Michael Avenatti — known perhaps most famously as Stormy Daniels’ attorney — sent out a tweet that Nike would be joining Adidas on the firing line on Tuesday.

“Tmrw at 11 am ET, we will be holding a press conference to disclose a major high school/college basketball scandal perpetuated by @Nike that we have uncovered,” Avenatti tweeted. “This criminal conduct reaches the highest levels of Nike and involves some of the biggest names in college basketball.”

But Avenatti might not make that press conference, as a round of tweets hit about an hour later that Avenatti had been arrested, with Reuters’ Jan Wolfe reporting that he would face federal charges of wire fraud and bank fraud in one case in California, while he will also face charges that he attempted to extort Nike for monetary gain. The latter charges came from a recorded in-person meeting with Nike, and also recorded phone calls, tweeted Yashar Ali with New York Magazine.

CBS News Radio’s Steven Portnoy tweeted that, “According to the complaint filed in federal court, Avenatti told Nike attorneys by phone last week if his demands were not met, ‘I’ll go take ten billion dollars of your client’s market cap … I’m not f*cking around.’

“The complaint alleges Avenati said he’d refrain from holding a press conference if Nike paid his client $1.5 million & agreed to ‘retain’ him to conduct an ‘internal investigation,’ for which he and a co-conspirator would be paid ‘at a minimum, between $15 and $25 million,” Portnoy continued.

The United Stated District Court for the Southern District of New York (SDNY) will hold a press conference on the charges Monday afternoon.

Avenatti’s original tweet certainly inspired plenty of reaction Monday morning, particularly as many have waited to see whether the other shoe companies would get tagged after Adidas executives were found guilty following an FBI sting into corruption in college basketball. During the trial, testimony from TJ Gassnola — loosely referred to as Adidas’ bag man — revealed a pay-for-play scheme where the athletic apparel company was funneling money to top recruits to entice them to play for Adidas-sponsored schools.

Part of the defense was that such corruption was widespread, and that Adidas wasn’t bidding against itself in college basketball’s arms race. But while some Nike schools have been entangled in the various webs that came from the FBI’s investigation, none of it has been specifically tied back to Nike or Nike executives as yet. And the defense didn't work for former Adidas employees James Gatto and Merl Code, nor for agent-runner Christian Dawkins, all of whom were found guilty and sentenced to prison time.

Certainly, that could change as various schools and potentially coaches are called into court. But, for now at least, Avenatti’s situation would appear to bear watching, if only to see if he truly did attempt to extort Nike, and whether any of his referenced information sees the light of day.