Crime Never Pays: Apollo Nida Faces 30 Years in Jail and Fines of Over $3 Million
Apollo Nida is finding out the hard way that fast money has major consequences. After months of dodging his ultimate fate, the Real Housewives of Atlanta star owned up to his ill decisions and pleaded guilty on mail, wire and bank fraud.
"He 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."
Through his partner St. Julien, he would "open UPS mailboxes and bank checking accounts using those fake identities, deposit those checks, then pocket the money. Later, he created fake auto dealerships and then get auto loans for phantom cars."
Apollo was obviously a very busy man. He claimed his wife's Real Housewives of Atlanta reality lifestyle was very lavish and her reverted to an illegal income to "sustain a lifestyle" adequate of her tax bracket.
"It's my fault at the end of the day," the reality star said during last day of his trial. The charges he admitted guilt to have him facing up to 30 years behind bars, a $1 million fine and $2.3 million for restitution on all the individuals and companies he defrauded. He'll be sentenced on July 8 at 2 p.m.
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