RHOA: Phaedra Parks Divorcing Apollo Nida to Avoid Restitution Fees?

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Phaedra Parks Divorcing Apollo Nida to Avoid Hefty Restitution Fees?

Real Housewives of Atlanta’s Phaedra Parks is expected to divorce husband Apollo Nida in order to avoid his hefty restitution fees. The question is not one of love because she loves him but feels this is a good financial decision for her and her children. Phaedra does not want to be forced to help pay the $2 million Apollo has been order to pay over the next 20 years.

Apollo was recently sentenced to eight years in prison for his involvement in a huge fraud case and must turn himself in by September 10. The 35-year-old felon, along with a group of co-conspirators, was convicted of stealing checks and identities to file fake tax returns and make fraudulent claims against the United States Department of Housing and Urban Development. In addition to eight years in prison, Apollo was also hit with a $2 million restitution penalty.

This is not Apollo’s first run in with the law. He served time in a federal prison for auto title theft from 2004 to 2009. Although not married at the time Phaedra and Apollo had were seriously acquainted. They married soon after Apollo was released. The couple has two young sons together, Ayden and Dylan, but reportedly have been having problems for a while now. It is not known whether Phaedra is actually leaving her husband or just distancing herself on paper so that she is not bound to his punishment.

Although Phaedra was not indicted in any of her husband’s charges an ex-friend of hers said that the attorney was actually the mastermind behind the operation. Angela Stanton, also a part of the operation, said Phaedra taught her how to run check and auto title scams. She said the Housewives star showed her what to do while keeping her own hands clean, ultimately landing Angela in jail for two years.

Apollo told the court a different story in relation to his wife. He stated he kept his wife totally in the dark by telling her he had a legitimate debt recovery firm. He said once he saw the results of the scheme he could not stop doing it because he felt pressured to “sustain a certain lifestyle.” Apollo felt the need to maintain a standard of living comparable to that of a reality show star.

According to Apollo, after he left prison in 2009, having served five years, he married Phaedra. Not long after they tied the knot Phaedra signed on to join the cast of Real Housewives of Atlanta (RHOA). Apollo said his wife was already making more money than he was and the addition of the reality show made him feel more pressured. He knew of no easy way to make fast money legitimately so he opted for an illegal scheme instead.

The restitution penalty which Apollo was hit comes with a lien. The lien orders him to have it paid off within 20 years or the lien’s interest will raise 25 percent of the principal amount. This seems like a feat almost impossible for the felon to accomplish given all of the assets generated from the illegal activity have already been stripped away.

In lieu of this being Apollo’s second time spending several years in prison, Phaedra seems to feel this is a good time for her to walk. If she decides not to, she could be responsible for as much as $100,000 a year for the next 20 years. All of this comes on top of the obvious marital struggles which seemed to light up the last season of RHOA, and Phaedra is about ready to “shake the dust” and keep it moving.

Apollo will begin his eight year prison term on September 10 leaving Phaedra to raise their two sons, three-year-old Ayden and 15-Month-old Dylan. In order to avoid being partially responsible for Apollo’s hefty restitution fees Phaedra Parks is expected to divorce her husband Apollo Nida.

By: Cherese Jackson (Virginia)


Guardian Liberty Voice
Guardian Liberty Voice

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