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Apollo Nida Gets 8 Year Prison Sentence for Fraud…

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Apollo Nida has been sentenced to 8 years for bank fraud. He could have gotten 30, so I guess that’s good… And all of this because according to him, he wanted to keep up with the lifestyle of his wife and her castmates? Apollo was involved in criminal activities way before he married Phaedra. Word to the wise… It’s never a good idea to try and keep up with other people. Stay in your own lane  and prosper at your own pace. If you are dealing with someone who makes you feel like you are not ‘good enough’ for them with what you bring to the table, then you should re-evaluate the relationship. While you should always progress, you should also be accepted for who you are & where you are in life. However, I have a feeling Phaedra knew exactly what she was getting into.

A few highlights from the article:

Apollo Nida, the husband of Phaedra Parks on “The Real Housewives of Atlanta,” Tuesday received an eight-year sentence by a federal court judge for his four-year scheme involving bank, mail and wire fraud and ID theft of more than 50 individuals.

Nida was in state prison for six years, from 2003 to 2009, for a RICO charge related to a car theft scheme. He began his new white-collar criminal actions soon after he got out of prison in 2009. During his May sentencing, he took full responsibility for his actions but said he did it because he felt pressure to make money to keep up his wife’s high-profile attorney income and “Real Housewives” salary.

In 2009, according to documentation filed by the U.S. government when they filed papers against him in January, Nida 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. Source

 

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This entry was posted on July 8, 2014 by in The Gladys Kravitz Files - Research and Reports..., The Juicy Stuff and tagged , , , , .
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