Could Apollo Nida Also Be Facing Charges For Tax Fraud?

This question came up during a recent conversation with a friend. We were discussing Apollo Nida’s, of “Real Housewives of Atlanta,” recent request by the Federal court to provide proof of income and business ownership.

According to Radar Online, on June 10th, Nida will appear in court to undergo an in-depth oral examination. Nida, who recently plead guilty to fraud and identity theft, will be questioned about his finances. During this appearance, Nida is required to bring along a lot of paperwork.

Nida, 35, is ordered to bring “earning statements from…most recent paychecks,” “business records for the present year and past calendar year,” “current bank statements for the past 12 months,” “all deeds, leases, contracts, and other documents representing any ownership interest,” and “all stocks, bonds, or other securities of any class,” among other personal paperwork, documents state.

Although his $2.3 million fraud scheme suggests that this documentation be provided, one has to wonder if any additional charges will come of this.

If Nida’s assets were derived due to the income he received from this elaborate scheme, then the courts will more than likely seize his cars, homes, and any other property he owns. In addition, his income was earned via fraudulent activity.  So, this makes us wonder if any income reported to the IRS will be of concern of the courts (or the IRS itself).

Once the courts begin to practice forensic accounting on Nida’s bank statements and other paperwork, it is likely that the IRS will be contacted. If the IRS decides to audit Nida, he may be face with additional charges. The impact of these charges is unknown at this point. But, if charges of tax fraud becomes apparent, Nida could face additional time in prison and/or monetary penalties.

Stay tuned for  updates regarding Apollo Nida’s court appearance…