Apollo Pleads Guilty to Fraud, Blames Phaedra

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Apollo Nida, the husband of Real Housewives of Atlanta star / attorney Phaedra Parks, pled guilty today (May 6) to charges of mail, wire and bank fraud. The charges could result in up to 30 years in prison for Nida. He also faces a fine of up to $1 million and restitution for an estimated $2.3 million he allegedly defrauded from various individuals, financial institutions and government agencies.

Nida will be sentenced on July 8th a 2pm. His co-conspirator Gayla St. Julien received a sentence of 61 months last month. Nida said in court that he takes full responsibility for his actions and expressed regret for hurting his family and any people or and institutions affected by his crimes.

“I was doing it to sustain a lifestyle,” said Nida, seemingly blaming his wife Phaedra. Nida said his wife was making far more money than he was and he felt the pressure to keep up with her. He added that he even had a nervous breakdown over the pressures to sustain the plush lifestyle of a reality star.

SOURCE

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