The Real Housewives of Atlanta's Apollo Nida pleaded guilty to charges of mail, wire and bank fraud in the U.S. District Court for the Northern District of Georgia.
He could be going to jail for a long, long time.
Apollo Nida's crimes could land him in prison for up to 30 years and a fine of up to $1 million on top of restitution for an estimated $2.3 million he allegedly defrauded.
His co-conspirator Gayla St. Julien, who said Nida ran the show and helped turn him in after she was arrested, has received a sentence of 61 months last month.
Nida will be sentenced on July 8 at 2 p.m.
The assistant U.S. attorney said Apollo opened a fake debt collection agency to gain access to databases full of individuals' personal information.
He would then steal people’s ID and find unclaimed funds, refunds from HUD, stolen treasury checks and refunds from fraudulent U.S. income tax returns.
Nida had St. Julien open UPS mailboxes and bank checking accounts using those fake identities, deposit those checks, then pocket the money.
So why would he do it when he's already well taken care of by wife Phaedra Parks? Partly for that reason, he said in court. The pressure to keep up was intense!