Apollo Nida, husband of The Real Housewives of Atlanta’s Phaedra Parks, was arrested in January. He plead guilty to mail, wire, and bank fraud in May.
Judge Charles A Pannell, Jr. said that Nida will serve eight years in prison and afterwards will be placed on supervised release for five years. Initially, Nida faced up to 30 years in prison for his crimes, but his sentence was lessened, as he cooperated with the federal investigation.
Nida’s lawyer Thomas D. Bever said, “On behalf of my client Apollo, right now he feels remorse. He thought the judge was fair, and accepts his sentence, although he was hoping it would be less”
In a written affidavit, Nida reportedly made up fake businesses in order to access databases and find people he could rip off. He opened bank accounts under those names and funneled loan proceeds and checks to those accounts.
Phaedra Parks’ husband Apollo Nida has been sentenced to eight years in prison for fraud http://t.co/bLXXiuiA2u
— Us Weekly (@usweekly) July 8, 2014
An insider revealed how his wife Phaedra Parks is dealing with the entire situation. “The only thing she’s worried about is Ayden and Dylan growing up without their dad,” the source said. Nida and Parks’ two boys are both under the age of four.
“She knows just how important it is for her children, and young black boys in general, to grow up with a father,” the source continued.
The source revealed that Parks is devastated by the news and she is disappointed that Nida will be missing some of the most important events in his children’s lives, however the source said that Parks will be alright.
This is not the first time Nida got in trouble with the authorities. From 2004 to 2009, Nida served time for auto title fraud.
Apollo Nida talks about his first stint in prison
In a report, one of Nida’s homes was sold at a public auction after he was not able to pay the bills. Furthermore, his relationship with his wife seems shaky, but reports say that they are working on their marriage.
Angela Stanton gives account of Apollo Nida and Phaedra Parks’ criminal history
Image via YouTube