Apollo Nida Pleads Guilty on Fraud Charges

RHOA star accused of stealing identities, laundering $2.3 million.

Posted: 05/07/2014 11:45 AM EDT
Apollo Nida Pleads Guilty on Fraud Charges

Apollo Nida may be moving to a different kind of big house soon. The Real Housewives of Atlanta star and husband of Phaedra Parks has pleaded guilty to charges of identity theft and money laundering, TMZ reports. Nida has been accused of stealing the identities of over 50 people and pilfering $2.3 million.

According to the U.S. Attorneys' office, Nida and a group of co-conspirators cashed stolen U.S. Treasury checks and checks from the Delta Airlines pension fund, then laundered the money through bank accounts in the names of people whose identifications he stole.

Feds claim Nida defrauded even more cash by filing fake tax returns and obtaining bank loans against cars he didn't own.

Nida pleaded guilty Tuesday to conspiracy to commit mail, wire and bank fraud. He'll be sentenced at a later date. No word yet on whether a plea bargain has been reached or if Nida will spend the next several years behind bars. 

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(Photo: Prince Williams/FilmMagic)

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