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Will Kenya Moore Put Money On Apollo Nida Books? He Pleads Guilty to Identity Theft and Bank Fraud, Expected to Go to Prison in July!!

Will Kenya Moore Put Money On Apollo Nida Books? He Pleads Guilty to Identity Theft and Bank Fraud, Expected to Go to Prison in July!!

Apollo Nida has pleaded guilty to charges of mail, wire, and bank fraud in the U.S. District Court for the Northern District of Georgia. He’s expected to go to prison in July.

The Atlanta Journal Constitution reports:

Apollo Nida, the husband of Phaedra Parks, today pled guilty to charges of mail, wire and bank fraud in the U.S. District Court for the Northern District of Georgia.

In court, wearing a light-colored plaid jacket, Nida accepted charges that could land him in prison for up to 30 years and a fine of up to $1 million on top of restitution for an estimated $2.3 million he allegedly defrauded various individuals, financial institutions and government agencies. Judge Charles Pannell has set the sentencing hearing for July 8 at 2 p.m.

Alana Black, the assistant U.S. attorney, told Judge Pannell Nida’s scheme in detail. He opened a fake debt collection agency to gain access to databases full of individual’s personal information. He would then steal people’s ID and find unclaimed funds, refunds from the U.S. Department of Housing and Urban Development, stolen U.S. treasury checks and refunds from fraudulent U.S. income tax returns.

Nida had St. Julien open UPS mailboxes and bank checking accounts using those fake identities, deposit those checks, then pocket the money.

Later, he created fake auto dealerships and then get auto loans for phantom cars.

The U.S. Secret Service, working with the state consumer protection agency, caught St. Julien first, then was able to procure Nida’s laptop with oodles of evidence that he could not refute.

Nida said in court that he takes “full responsibility for my actions” and expressed regret for hurting his family and any individuals and institutions affected by his fraud. “It was a dumb situation I put myself in,” he said.

As for why he did it, he said that it was because it became difficult to live up to the ‘reality star’ lifestyle the show had afforded him.

He said she was making far more money than him and he felt pressure to keep up. (He cited a $600,000 contract for her but didn’t say how long that was supposed to last.) Without easy legitimate ways to make quick money, he opted for this illegal scheme instead. But he claimed to her he was running a legitimate debt recovery firm and kept her firmly in the dark.

He said he even had a nervous breakdown at one point over the pressures to “sustain a lifestyle” befitting of a reality show star. And once he started the scheme, he found it difficult to stop. “I got sucked in and engulfed and lost sight of things,” he said.

Nida said he often didn’t think about whether this was hurting anybody because he was primarily targeting private businesses and the government, not individuals. And in the case of unclaimed property, what were the odds these folks would ever claim them?

An attempt to open a legal halfway house fell through, he said, because he was on probation for his prior conviction.

“It’s my fault at the end of the day,” he said.

Phaedra got her a good read in at the reunion but will this make her a target? Do you think she’ll be returning to the show?

Comments
  1. Chandra Barbee

    146 days ago

    No, I do not believe Phadra should leave the show just due to Apollo’s lack of maturity/insecurities. She must maintain the bills and care for she and her handsome sons. His foolishness shouldn’t spill onto her to be foolish in his absence. I, for one, like Phadra and her smarts are sublime. She knew what she married, as we all do and, she has put herself in an awesome position to move on, gracefully. My husband and I will keep she and her family in our prayers.

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  2. Ms. Teezy

    146 days ago

    Phaedra knew about his tendency for criminal activity when she married him so I don’t see her letting this stop her from getting her coins from the show and since I actually like her, I hope she does return. Furthermore, people are going to talk regardless. Might as well get paid while they do it!

  3. Autumn

    146 days ago

    Of course this is going to make Phaedra a target. Her and Apollo have both stated she had nothing to do with his schemes but as his wife she will feel the backlash in ways also. I think she will return to the show, but I don’t think that’s a good idea. As a woman she knew who she was marrying and what he is capable of doing and what she is capable of handling with and without him. I hope he gets a lesser sentence than 30 years and is able to help raise his children and I’m sure Phaedra will stick by him. This time apart will give them both the chance to reflect on their marriage and grow as a couple.

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