black people and money

“Real Housewive’s Star” Phaedra Parks’ Husband Arrested for Identity Theft

“Real Housewive’s Star” Phaedra Parks’ Husband Arrested for Identity Theft

Phaedra Parks from the Real Housewives of Atlanta is going to be enduring some serious legal problems over the next few months.  Parks’ husband, Apollo Nida, has surrendered to police on charges of identity theft and bank fraud.  These charges are very serious and can carry significant prison time.

This is not the first time that Nida has gotten in trouble with the law.  He was also in prison from 2004 – 2009 for federal racketeering violations.  He married Parks in 2009 and they have two kids together.

According to an affidavit reported by the Atlanta Journal Constitution, a Secret Service Agent with the Counterfeit and US Treasury Check Squad is claiming that Parks’ husband built fake companies that he then used to find consumers from whom he could steal.   The agent, named Alexandre Herrera, also says that he opened false bank accounts with the names of his victims and put stolen US Treasury checks into the accounts, along with proceeds from auto loans.

These are very serious charges that imply that he may have been running a very complex, well-designed organization engaged in a a variety of forms of financial deception.  This also puts Parks at risk, since it might be difficult to imagine having a spouse running an enterprise of this scale, with this complexity, without her being aware of what was going on.

Nida is currently released on bail.

Source: The Atlanta Journal Constitution blog

Financial Lovemaking lessons from this story:

1) If you’re dating someone who appears to be doing well financially, make sure you know that they are earning their money legally.   There are thousands of women in prison for crimes that their boyfriends committed, sometimes without their knowledge.  If you find out and do nothing, then you can be considered to be even more of an accomplice.

2) Shows like Real Housewives that celebrate materialism, often do so without seriously considering the manner by which the wealth was obtained.  Being hungry for fancy cars and big houses can make you into a financial addict, where you need a large income to maintain your lifestyle.  Like many addicts, you can often find yourself doing things you never thought you’d do in order to maintain access to your money.

  • black people and money

    FJT aims to be the information hub that empowers Black wealth creation. We are behind FJT's fresh & insightful content that helps you think, learn, laugh, and move towards action to create a stronger Black community.

    More in black people and money

    black-dollar

    How Conscientious Consumerism Leads To Social Change

    sgreyDecember 1, 2016
    maxresdefault

    Guiding Children On How To Invest In The Stock Market

    sgreyNovember 28, 2016
    Oct 30, 2014; Cleveland, OH, USA; Cleveland Cavaliers forward LeBron James (23) reacts in the third quarter against the New York Knicks at Quicken Loans Arena. Mandatory Credit: David Richard-USA TODAY Sports ORG XMIT: USATSI-186268 ORIG FILE ID:  20141030_ajw_ar7_281.JPG

    Dr Boyce Watkins: You think LeBron James is wealthy? Well, it’s all relative

    FJT StaffNovember 27, 2016
    stock-indexes_large

    Ways To Profit When The Stock Market Hits A Milestone

    sgreyNovember 25, 2016
    sale-prices-620x480-300x232

    Avoid Going Broke This Holiday Season

    sgreyNovember 25, 2016
    boycewatkins1

    Dr Boyce Watkins: Here’s why I don’t need a vacation

    FJT StaffNovember 24, 2016