After initially professing his innocence, yesterday in a federal courtroom, Apollo Nida pleaded guilty to identity theft and bank fraud. Apollo, who is the husband of RH-Atlanta star Phaedra Parks was accused of stealing the identity of over 50 people and laundering over $2M in four years.
Apollo basically did everything he could to get money illegally. He submitted bogus claims to federal and state agencies; bought and then cashed stolen checks, and creating fake companies and bank accounts which he then used to get loans he never repaid.
Apollo was jailed from 2004-2009 after being convicted of federal racketeering charges. He will be sentenced for these crimes at a later date. Phaedra had to know something. Your husband just doesn't go from having no money and no job to walking around with a couple of million in cash without you knowing. The couple have two kids together.