Apollo Nida Pleads Guilty In Massive Money Fraud Scheme

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Apollo Nida is facing serious prison time after pleading guilty to mail, wire and bank fraud today.

According to sources, the husband of “Real Housewives of Atlanta” star Phaedra Parks accepted charges that he stole the identities of more than 50 people and laundered over $2.3 million. The Atlanta Journal Constitution reports the crimes could land him in prison for up to 30 years and a fine of $1 million in restitution.

MUST READ: Apollo Nida’s Co-Conspirator Found Guilty, Sentenced To 5 Years In Prison

TMZ adds that that father of two will also be responsible for filing fake tax returns and obtaining bank loans against cars he did not own.

As we reported earlier, Apollo’s co-conspirator Gayla St. Julien pled guilty to the same crimes last month and she was sentenced to 61 months behind bars. St. Julien, who was arrested September 11, 2013, confessed everything to investigators. A few days after her arrest, she set up a meeting with Nida where Secret Service agents confiscated his cell phone and computer. The rest, as they say, was history.

MUST READ: Apollo Nida Slams Divorce Rumors Following Recent Arrest

Apollo’s sentencing hearing is scheduled for July 8 at 2 p.m.

We wonder what Phaedra is thinking right now. This isn’t looking good.

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