So yes, Apollo Nida has been charged with bank fraud and identity theft for creating fake companies to steal peoples money.
And where does RHOA star Phaedra Parks fit into this nightmare? Quite badly! She is named as a founding officer for some of these companies.
Will Phaedra get disbarred?… Or even worse…arrested?
As of now, sources say she is not in danger.
Nida was arrested last month as part of a Secret Service fraud investigation.