‘Real Housewives of Atlanta’ Star Phaedra Parks’ Ex-husband Apollo Still Owes $1.9 Million to Fraud Victims

“In light of how difficult to detect the style of complex fraud he has practiced in the past is, it is very important to protect the public by maintaining the full deterrent effect of supervised release for as long as originally ordered,” Assistant U.S. Attorney Alana R. Black stated in a June 14, 2023, filing opposing to the early release.

In 2014, Nida, 44, was sentenced to eight years in federal prison for his role in a massive $2 million money laundering fraud scheme using a series of bank accounts.

Released in May 2019, Nida was ordered to complete five years’ probation. While Black admits Nida has behaved himself, the prosecutor remains dubious about the origins of the $120,000.