Apollo Nida pleads guilty to Fraud charges! Real Housewives Of Atlanta star, Phaedra Parks husband Apollo Nida, may spend time in jail yet AGAIN for committing fraud and finally admitting to his crimes after denying he committed fraud for months. Apollo previously spent two separate stints in the slammer and a third could crush  Phaedra Parks, whom has two little boys with Nida. Apollo had a partner to commit fraud with and she has just received 5 years in jail so Apollo is expecting to receive a lot more than the partner. Apollo is being charged with fraud for allegations that he ran shady businesses that stole unsuspecting individuals' identities to be used on various loan applications and other purposes. According to feds, Nida stole the identities of more than 50 people and laundered more than $2.3 million.  Prosecutors say that Apollo, along with a few other criminals, also took out phony auto loans and created fake documents and websites to secure them.

Apollo's partner, who was also charged with fraud alongside Apollo, has just received 5 years in jail. The guilty plea deal included that Apollo needed to act in an "undercover investigative capacity" meaning Nida could be an informant for the feds. Basically the plea deal could have Nida acting as a snitch to anyone that co-conspired to the devious plan. Nida could be sentenced to a maximum 30 years in prison. The judge will sentence him sometime in July. Nida is no stranger to the slammer, but unfotunatley Apollo hasn;t learned from his past mistakes.Apollo Nida was previously convicted for racketeering and began serving his sentence July 28, 2004.

Apollo served nearly 5 years of his 18-year sentence before being paroled in May 2009. He also served close to 5 months from December 29, 1998 to May 14, 1999 for theft by receiving stolen goods. Sadly Apollo just admitted that he had a difficult childhood that included watching a family member die from a heroine overdose. But it a bad childhood any excuse to keep breaking the law, violating elders' social security benefits, and hiring another to go along with his schemes? And how dumb does Apollo have to be to commit fraud while starring on a hit show? What is with these Housewives stars? Are they trying to financially keep up with each other? Don't reality stars realize everything they do will be put under a microscope? Apollo Nida must be really stupid.

If you're going to break the law, you shouldn't be on television for the world to stare at you, right? Didn't think that ever needed to be said, but Teresa and Joe Giudice did the same thing and have gotten caught as well. Certainly being on a hit show like The Real Housewives of Atlanta gave him the platform to make money in legal ways! What about Apollo and Phaedra doing thier workout video?! Was that not lucrative enough for Nida?

But Apollo may not get as lucky as Teresa and Joe Giudice this time around looking at serious jail time.

What do you think will be in Apollo's future?