'Real Housewives' husband enters guilty plea - CBS46 News

'Real Housewives' husband enters guilty plea

Posted: Updated:
A courtroom sketch of 'Real Housewives of Atlanta' husband Apollo Nida as he pleads guilty. A courtroom sketch of 'Real Housewives of Atlanta' husband Apollo Nida as he pleads guilty.
ATLANTA (CBS46) -

The husband of an Atlanta reality star has pleaded guilty to charges Tuesday afternoon.

Apollo Nida, 35, who is married to Real Housewives of Atlanta cast member Phaedra Parks, pleaded guilty to conspiracy to commit bank fraud and wire transfer.

As CBS46.com previously reported, Nida created several fake collection companies in order to gain access to the personal information and credit history databases operated by companies like Equifax and Lexis-Nexis.

According to the U.S. Attorney's office, Nida's scheme took place over four years and affected more than 50 victims. They say he had a number of checks from the fraudulent claims mailed to mailboxes rented by co-conspirators at UPS stores across northern Georgia.

In order to get bank loans, Nida also created fake documents and websites that appeared to belong to legitimate car dealerships.

"The extensive nature of the fraud is unfortunate and breathtaking," said United States Attorney Sally Quillian Yates. "Prosecutions like this case help to highlight the vulnerabilities in the financial system, so that we can prevent future schemes and protect our citizens and government agencies from theft like this."

"Many everyday citizens, legitimate businesses and taxpayers have been victimized by this complicated and long running fraudulent scheme. After an intensive investigation with the cooperation of federal, state and local law enforcement, we are very pleased to at long last see this criminal brought to justice," said John D. Sours, Administrator, Governor's Office of Consumer Protection.

As part of the plea agreement, Nida will pay between $2.3 million and $4.5 million in restitution.

Nida is scheduled to be sentenced on July 8. He faces up to 30 years in prison and $1 million in fines.

Copyright 2014 WGCL-TV (Meredith Corporation). All rights reserved.

Powered by WorldNow
CBS Atlanta
Powered by WorldNow
All content © 2000- 2014 WorldNow and WGCL-TV. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.