Run Me My Money: On Top Of Jail Time, Apollo Nida Has To Pay Back $1.9 Million To Those He Wronged
Apollo Nida will begin his 8-year jail sentence in the next couple of weeks, but in the meantime, and while he’s looking for loyalty and people to stand by him during this tough time (“I got a question ??? Who will ride with me?? Thanks”), the IRS, and lots of other folks, are looking for their money. According to TMZ, Nida has received the bill for what he owes to people who lost their money while he was out here committing bank fraud, and it’s $1.9 million that will be split to all the people who’ve been wronged. As the legal documents obtained by TMZ have shown, Nida owes the most to JP Morgan Chase, with a total of $828,300. He owes the second highest total to the IRS of course, a total of $127,011. Then there is Delta Airlines (for those stolen retirement checks owed to employees), and he owes them $24,985. From there he owes the State of California $15,778, the State of Connecticut $45, 525, and the state of Texas $39, 275.
As part of his probation, this is how restitution will go:
The defendant shall pay any financial penalty that is imposed by this judgment, and that remains unpaid at the commencement of the term of supervised release. The defendant shall make restitution payments from any wages he may earn in prison in accordance with the Bureau of Prisons Financial Responsibility Program. Any portion of restitution that is not paid in full at the time of the defendant’s release from imprisonment shall become a condition of supervision and be paid at the monthly rate of not less than $150.00 plus 25% of gross income in excess of $2300.00 per month.
The lesson here is that not only do you reap what you sow, but you for sure have to pay back what you owe too…