While Apollo Nida currently bides his time in prison, when he gets out he’ll be on the hook for a whopping $1.9 million in federal restitution. While Apollo was being investigated and before he went to prison Feds were on the lookout for Apollo’s money – which did not come from his wife Phaedra Parks but by Bravo Media and True Entertainment!
According to court documents the Feds believed Real Housewives Of Atlanta producers and Bravo Media were holding assets for Apollo and not releasing the monies because they would automatically be confiscated by the Feds.
According to reports Apollo is hurrying to finish a tell-all memoir before he begins serving his 8-year sentence. Apparently Apollo has to get the book done before heading to prison due to the law and he has hired multiple ghost writers to complete the project.
Apollo will serve an 8 year sentence for various financial frauds and also owes about $1.9 million dollars in restitution. His wife Phaedra Parks was not at his sentencing and the couple is reportedly on the brink of divorce, although neither has filed.In fact Apollo himself admitted that he does not think his marriage will be in tact following his prison sentence. “I doubt [that my marriage will survive this]. My wife didn’t even fu**ing show up for my sentencing. I’m still kind of salty about that,” he confessed in an interview last month.
Apollo Nida was giving yet another interview – this time to Be100 – and, as always, didn’t hold anything back. The Real Housewives of Atlanta star drops a few shocking drops of tea. His restitution initially started at $14 million. He doesn’t think his marriage to Phaedra Parks will survive. And he says there were others involved in the fraud dealings, but he took the brunt of the fall.
When asked how the sentencing has affected his family life, Apollo says “It’s hell. Hell on wheels. I’ve asked god to forgive me. I’ve forgiven myself. I had to move on. From there I just had to bite down, I was going through so much. It doesn’t make you less of a man to cry and shed tears. I’ve shed tears. I’m just upset at how I was raised and to possibly be taking my son through the same thing. But by the grace of God he’s still young and we have many years ahead of us. I just can’t make those same mistakes. It’s all on me.”
He continues, “a lot of people could be held accountable, but at the end of the day, it’s over with now. We’ll pay back the $1.9 million and keep going. By the grace of God I was able to get that down. It [restitution] was $14 million.”
The order was entered this week and a breakdown reveals that Apollo’s largest amounts will go to JP Morgan Chase Bank (828,000), Campus USA Credit Union (277,000), and UP2Drive BMW Bank (100,000).
“Based on the consent motion of the parties and the court’s review of the record in this matter, the court directs defendant Apollo E. Nida to pay restitution to the Clerk of Court I the total amount of $1,948.214.85. This amount is due and payable immediately. Restitution is payable jointly and severally with the restitution order to be entered in United States v. Gayla O’Neal St. Julien, 1:13-CR-00403-CAP.”
Apollopled guilty to one count of Conspiracy to Commit Bank Fraud – all other charges were dismissed. Apollo was sentenced to 96 months in prison, but he may get out early if he attends a drug rehabilitation program during his stint in the big house.
According to court docs filed last week, Apollo will be on supervision for five years after he’s released. The terms of his supervision are pretty standard, with community service hours to be served, no hanging out with other felons, etc. Apollo also can’t open any new credit cards or lines of credit without approval and more.
Also worth noting is that Apollo will pay restitution. The amount will be decided at a later date, but the court waives the cost of his incarceration and no fine has to be paid.