According to the The Urban Daily:
According to the Atlanta Journal Constitution, Nida accepted charges that could land him in prison for up to 30 years and a fine of up to $1 million on top of restitution for an estimated $2.3 million he allegedly defrauded various individuals, financial institutions and government agencies.
Judge Charles Pannell has set the sentencing hearing for July 8 at 2 p.m.
Alana Black, the Assistant U.S. Attorney, replayed for Judge Pannell Nida’s scheme in detail. And according to Black, Nida;
opened a fake debt collection agency to gain access to databases full of individual’s personal information. He would then steal people’s ID and find unclaimed funds, refunds from the U.S. Department of Housing and Urban Development, stolen U.S. treasury checks and refunds from fraudulent U.S. income tax returns.
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