Apollo Nida, the husband of “The Real Housewives of Atlanta” star/attorney Phaedra Parks, plead 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 2 pm. 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.
RELATED: Phaedra Parks Discusses The Legendary Read She Gave Kenya Moore [EXCLUSIVE INTERVIEW]
RELATED: Is RHOA Star Peter Thomas Involved In Apollo Nida’s Bank Fraud Mess?
RELATED: Apollo Nida’s Co-Conspirator Found Guilty, Sentenced To 5 Years In Prison
RELATED: Apollo Nida’s Arrest Is Messing Up Phaedra Parks’ Checks!
RELATED: RHOA Drama: Apollo Nida Claps Back At The Charity Accusing Him Of Fraud [VIDEO]
RELATED: “RHOA” Star Kenya Moore Speaks On Castmate Apollo Nida’s Bank Fraud Case [VIDEO]
RELATED: RHOA Exclusive: Person Claiming To Be Apollo Nida’s Accomplice Sends Out Email
Keep Up With Rickey Smiley On Facebook!