Last week on the finale of the three-part reunion series of "The Real Housewives of Atlanta," host Andy Cohen addressed "RHOA" hubby Apollo Nida's pending bank fraud case.

Cohen asked, "You have charges against you for bank fraud and identity theft, what can you say about your case?"

Nida reluctantly responded, "We're just gonna let it play out."

And now, it's finally playing out.

On Tuesday, Nida pleaded guilty to mail, wire, and bank fraud in federal court.

Beginning in 2009, Nida and his co-conspirators took part in an elaborate fraud scheme where they stole checks, laundered money, participated in identity theft, and filed fraudulent tax returns. The checks that were stolen by Nida and his co-conspirators are reportedly from the U.S. Treasury and Delta Airlines' pension funds.

CBS News reports that The U.S. Attorney's office revealed that Nida's plot estimated in a grand total of $2.3 million in stolen money and affected over 50 victims.

The U.S. Attorney's office also said that Nida had a number of checks from the fraudulent claims sent to mailboxes rented by co-conspirators at UPS stores across Georgia. To get back loans, Nida reportedly created fake documents and websites that appeared to belong to legitimate car dealerships.

Authorities say the group laundered money by stealing victims' identities and opening bank accounts in their names. [CBS News]

So what was Nida's reasoning behind such massive illegal activity?

Well, according to Accessatlanta.com, Nida revealed in court that he felt massive amounts of pressure to "keep up" with his already successful and financially stable wife, Phaedra Parks.

Prior to his bank fraud scandal, Nida was released from prison for another fraud crime. Soon after leaving jail, he and Parks signed on to be on "The Real Housewives of Atlanta" and Parks was the breadwinner at the time.

In order to feel financially adequate, Nida took it upon himself to carry out the bank fraud scheme in order to "sustain his lifestyle." Eventually, Nida admits that he got, "...sucked in and engulfed and lost sight of things."

Now that Nida has pled guilty, he will be required to pay between $2.3 million and $4.5 million as part of his plea agreement. His sentencing is scheduled on July 8, where he faces up to 30 years in prison.