Thursday, July 17, 2014

Apollo Nida To Pay Almost $2 Million in Restitution for Check Fraud And Money Laundering

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When Apollo and Phaedra Parks were showing off their lavish lifestyle on The Real Housewives of Atlanta reality show, we all thought she was so lucky.

I wonder if she is regretting those expenses now? Some say she is considering divorce [read].

Apollo Nida was convicted of stealing close to $2.3 million in a bank fraud & identity theft ring, and sentenced to 8 years in prison. According to court documents he’ll also have to pay $1.9 million of the stolen funds as restitution.

TMZ reports that Apollo has to pay back several business and state governments which he stole from, including:

– JP Morgan Chase  $828,300
–  IRS  $127,011
– Delta Airlines  $24,985
– State of California  $15,778
– State of Connecticut  $45,525
– State of Texas $39,275
The list goes on.

If he and his wife share their assets together, which I think they do, then she is going to be doubly hit. Imagine losing your husband to jail and also having to shell out almost $2Million!

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