Real Housewives of Atlanta's Apollo Nida Pleads Guilty to Identity Theft and Bank Fraud

Reality star copped to allegedly stealing the identities of more than 50 people and laundering more than $2.3 million over the span of four years

Things have taken a turn for Apollo Nida.

The Real Housewives of Atlanta hubby (he's married to RHOA star Phaedra Parks) pleaded guilty in a massive money fraud scheme today after allegedly stealing the identities of more than 50 people and laundering more than $2.3 million over the span of four years.

"This defendant participated in a sweeping fraud scheme that exploited many segments of the financial system, including phony claims submitted to federal and state agencies, loans secured by vehicles, and even basic identity theft associated with stolen checks," United States Attorney Sally Quillian Yates said in a statement.

"Nida and his conspirators were conniving and creative in their scheme to steal victims' identities and defraud them. The United States Secret Service will continue to adapt its investigative methodologies to arrest criminals who use their technological savvy to violate unsuspecting victims such as those in this case," said Reginald G. Moore, Special Agent in Charge of the United States Secret Service, Atlanta Field Office.

Beginning in August 2009, Nida, 35, and others conspired to commit mail, wire, and bank fraud, according to authorities. The conspirators obtained stolen checks by stealing them or buying them from other criminal associates. The stolen checks involved in the scheme included United States Treasury Checks, as well as checks stolen from the pension fund of Delta Airlines.

Nida will be sentenced at a later date.