Apollo Nida in the Slammer Again!

May 8, 2014 at 12:55 pm |
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Apollo Nida in the slammer

Examiner

Apollo Nida, husband of Real Housewives of Atlanta cast member Phaedra Parks, pleaded guilty in federal court Tuesday afternoon to conspiracy to commit mail, wire and bank fraud.

Prosecutors say that since 2009 Nida was involved in a scheme that amounted to $2.3 million. Nida and his co-conspirators stole and obtained checks, filed fraudulent tax returns and made fraudulent claims against the U.S. Department of Housing and Urban Development in the victims’ names in at least 11 states, affecting over 50 victims.

Authorities say the group laundered the money by stealing victims’ identities, opening bank accounts in their names and renting mailboxes at UPS stores across Georgia.

Nida specifically created fake documents and websites that appeared to belong to legitimate car dealerships.

As part of his plea deal, it’s been reported that Nida may have to pay up to $4.5 million in restitution. Nida faces up to 30 years in prison and $1 million in fines, his sentence date is set for July 8th.

Apollo Nida, husband of Real Housewives of Atlanta cast member Phaedra Parks, pleaded guilty in federal court Tuesday afternoon to conspiracy to commit mail, wire and bank fraud.