Apollo Nida pleads guilty to federal fraud charges
By MYFOXATLANTA STAFF
ATLANTA, Ga. -
Apollo Nida, husband of Real Housewives of Atlanta cast member and Atlanta area attorney Phaedra Parks, has pleaded guilty to conspiracy to commit mail, wire and bank fraud.
Nida is guilty of spearheading a scheme that "spanned over four years, harmed over 50 victims and caused over $2.3 million in losses."
According to United States Attorney Sally Quillian Yates, “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."
According to a release from the Department of Justice, "the stolen checks involved in the scheme included United States Treasury Checks, as well as checks stolen from the pension fund of Delta Airlines."
“Many everyday citizens, legitimate businesses and taxpayers have been victimized by this complicated and long running fraudulent scheme. After an intensive investigation with the cooperation of federal, state and local law enforcement, we are very pleased to at long last see this criminal brought to justice,” said John D. Sours, Administrator, Governor’s Office of Consumer Protection.
Nida will be sentenced on July 8.
1551 Briarcliff Rd., NE Atlanta, GA 30306
Main Number: (404) 875-5555 News Tips: (404) 898-0100