And It Gets Messier: More Alleged Details Of Apollo Nida’s Bank Fraud Case + Reality Star Addresses Divorce Reports

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Unfortunately, the story line involving Phaedra Parks’ husband, Apollo Nida, is more interesting off camera than it is on the popular BRAVO show ‘Real Housewives of Atlanta‘. Last week, we shared the shocking information on Apollo’s arrest for alleged bank fraud and identity theft. In short, the reality star is being accused of creating fake business and opening fake bank accounts under real people’s names. Also, it’s being reported that he deposited US Treasury Checks, checks from retired Delta Airlines employees, and unclamined money from real people who were unaware they had money to be claimed. Apollo has since been released after posting $25,000 bail but things keep getting crazier. There is new information that accuses him of making an alleged shady business move before he turned himself in on January 23, 2013.

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According to Radar Online, Apollo sold a home he owned in Atlanta just months before he was charged. The site reports:

According to court docs, Nida purchased the 1,300 sq. ft. home, which has four bedrooms and two bathrooms, in Dec. 2010 for the bargain basement price of $12,000, but sold it Sept. 26, 2013 for $9,000, taking a $3,000 loss. (If those numbers seem small, they are: The house had previously been sold for sums of $195, 021 in Sept. 2008; $185,000 in Jan. 2008; and $220,000 in 2005, according to legal docs.) Nida was still on the hook for $514.60 in unpaid tax fees as of last month, according to the County of Atlanta. Another interesting factor in the transaction is that Nida bought the tiny home AFTER his Nov. 2009 wedding to Phaedra Parks, a successful attorney/reality star.

In more unfortunate news, there are reports that he and Phaedra have separated. According to Apollo, this is far from true. He shut the rumors down on Twitter, saying that he and his wife would never separate.





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We’ll keep you posted on this story as information develops. [Radar Online, AJC, Twitter]

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Authored by: tjbwriteratlanta