New Evidence Links Phaedra Parks To Apollo Nida’s Business Dealings


When news broke that Real Househusband of Atlanta Apollo Nida was arrested on charges of bank fraud and identity theft, many people wondered if his wife Phaedra Parks had any idea of his actions. Now, RadarOnline is reporting new evidence that link Phaedra to Apollo’s crimes.

Documents from the Georgia Secretary of State corporations database show Parks listed as a founding officer, with Nida, of several businesses including “National Recovery Group, Inc.,” “Nida, Inc.,” “Nida Fitness Inc.,” and Nida Group, Inc.”

Although none of these companies were listed in Nida’s indictment, it shows that Phaedra was involved in business dealings with her husband, even if she just lent her name.

According to federal prosecutors, Nida created several “fake” companies to help him gain access to personal information databases. The complaint says, “When I describe these businesses as fake, what I mean is that while they may have been validly organized as entities wit the Georgia Secretary of State, they existed for a purpose other than the apparent business purpose implied by the entity name. In other words, I believe [they] were set up for the purpose of obtaining access to LexisNexis, Equifax, and similar databases.”

National Recovery Group, which Parks is linked to above, was purported to be a debt collection agency, like many businesses named in the complaint.

Phaedra has NOT been charged, but some reports indicate she is already facing disbarment from the George State Bar because of her connection to the ongoing case. But a rep for the Georgia State Bar tells Radar this isn’t true, “She is an active member and has no public discipline. She has never been disbarred or suspended and is a member in good standing.”

Photo Credit: Bravo


One Reply to “New Evidence Links Phaedra Parks To Apollo Nida’s Business Dealings”

  1. Sorry another lame radaronline “report”. It’s not new evidence. They’ve said all along that they do business together. I hate when bloggers use radar online as a “source”. With their made up fictional “friends” that are part of the inner circle……

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