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Oh My: Pheadra Parks’ Husband Apollo Nida Pleads Guilty In $2.3 Million Fraud Scheme..Facing Up To 30 Years In Prison! [Video]

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Theballerlife.com has learned that “Real Housewives of Atlanta” star Pheadra Parks’ husband Apollo Nida… pleaded guilty in federal court Tuesday of orchestrating a $2.3 million complex criminal fraud enterprise that harmed over 50 victims.

WSBTV.com reports:

Nida, 35, pleaded guilty to conspiring to commit mail, wire and bank fraud. He apologized to the court, and said he takes full responsibility for his actions.

“This defendant participated in a sweeping fraud scheme that exploited many segments of the financial system, including phony claims submitted to federal and state agencies, loans secured by vehicles and even basic identity theft associated with stolen checks,” said United States Attorney Sally Quillian Yates.

According to the U.S. attorney, the stolen checks involved in the scheme included United States Treasury Checks, as well as checks stolen from the pension funds of Delta Airlines.

In addition, the conspirators obtained funds by filing fraudulent tax returns with the Internal Revenue Service and making fraudulent claims against the U.S. Department of Housing and Urban Development.

Watch the video below for more detail on this story.


Photo Credit: Phaedra Parks

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