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Apollo Nida denies Phaedra Parks' involvement in crimes; explains why he did it

Ever since news broke in late January that Apollo Nida, husband to "The Real Housewives of Atlanta" star Phaedra Parks, was charged with multiple counts of bank fraud and identity theft, many of the show's fans have wondered whether Phaedra was involved in any way in Apollo's massive scheme and what would drive him to do such a thing. As reported by the Atlanta Journal Constitution, Apollo provided answers to those questions, and more, to the court when he plead guilty to the charges on Tuesday, May 6.

'Real Housewives of Atlanta' cast member Phaedra Parks (right) and Apollo Nida attend Cirque du Soleil TOTEM Premiere at Atlantic Station on October 26, 2012 in Atlanta, Georgia.
Photo by Rick Diamond/Getty Images for Cirque du Solei

Appearing in court in a light-colored plaid jacket, Apollo plead guilty to charges of mail, wire and bank fraud. He now faces a fine of up to $1 million, restitution for the estimated $2.3 million that he allegedly defrauded, and up to 30 years in prison. His fate may be decided as early as Tuesday, July 8, the date of his sentencing hearing.

Apollo pretty much admitted his participation in the crimes, telling the court that he takes “full responsibility for [his] actions” and acknowledging that he put himself in "a dumb situation." As for why he felt compelled to do the crimes, Apollo, who married Phaedra soon after he was released from prison for racketeering, told the court that he felt pressure to keep up with Phaedra's wealth and “sustain a lifestyle” that people expect from a reality TV star.

Apollo mentioned that Phaedra had a $600,000 contract. He quickly found himself "sucked in and engulfed" in making quick money, and lots of it, the illegal way. As for whether Phaedra knew anything about his illegal activities, he said no. He said that he always claimed to her that he was running a legitimate debt recovery firm, a claim that she apparently didn't question.

While Phaedra Parks remains silent on social media about Apollo Nida's actions, Apollo himself hasn't been shy about speaking out. On Thursday, May 8, in response to TV host Wendy Williams' question about why he would resort to stealing when he's on a hit TV show, he tweeted that the husbands of "The Real Housewives of Atlanta" ladies don't get paid at all by Bravo. Apparently, the money that his wife was bringing in to the household just wasn't enough.

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