Apollo Nida pleaded guilty to wire, mail, bank fraud and identity theft and is facing 30 years in prison. The househusband will have to repay the $2.3 million he stole, plus a $1 million fine, according the Access Atlanta.com. Apollo and his co-conspirators were allegedly a part of a sophisticated laundering scheme that stole money from more than 50 unsuspecting victims. Nida will be sentenced sometime in July.
Apollo is married to the “Real Housewives of Atlanta” reality TV star, Phaedra Parks and he has been a guest on the show since 2010. Nida claims he was trying to keep up with the opulent lifestyle his wife created and he felt the pressure to maintain it.He accepted responsibility for his actions and admitted he was being foolish. “It was a dumb situation I put myself in,” he explained.
Apollo’s guilty plea could end his five-year marriage to Phaedra and here’s why. On an episode of “Watch What Happens Live”, Phaedra was asked will she represent Apollo in his fraud case, her rely was “hell no”. She further hinted that although the pair remains married and they are not consciously uncoupling, she will remain by his side until the verdict in his fraud case is handed down. “We are where we are and I will support him. He is the father of my two beautiful kids. At the end of the day, I am a southern bell. I believe in family and I will support him until this is resolved,” she asserted. Now that this has been resolved, does this mean she will file for divorce?
Phaedra has not been named in any of her husband’s criminal schemes. Phaedra is an entertainment attorney and owns her own private practice. Many have questioned how a woman of this caliber could be unaware of her husband’s unscrupulous behavior; however, Phaedra avows her innocence. “Obviously, I have nothing to do with his current issues,” she exclaimed. It is very wise of Phaedra to distance herself as much as possible.
Apollo was on probation for a similar conviction. At the end of the day, his actions were self-serving and detrimental to his family and the families affected by his fraudulent schemes. The “Real Housewives of Atlanta” is set to begin shooting season seven and Apollo is expected to make his final appearance on the show until his sentencing in July.
Good luck to them both.